According to government statistics, Hong Kong’s workforce has lost around 140,000 people in the past two years. Many of them are university graduates and business managers. How to grab or keep talents has become a hot topic. A survey found that although 65% of SME employees interviewed are satisfied with their current company, almost a third of them are still considering changing jobs. Among them, 77% believe that employee benefits are the key factor when deciding to stay, the most attractive benefits for employees are year-end compensation, medical and holiday benefits.
From September to October last year, Prudential conducted an online questionnaire survey on the “Happiness of Wage Earners”, interviewing a total of 600 employees of small and medium-sized enterprises in Hong Kong and 300 employees of large-scale enterprises in Hong Kong . Loyalty is high, but less than half of the SME respondents intend to stay with the company in the long term. The survey also found that although 65% of the SME employees interviewed were satisfied with their current company, 32% of respondents are still open to new job opportunities or looking for new jobs.
The most important pay and allowances
When considering whether to leave or leave a job, 77% of SME employees interviewed believe that employee benefits are the key considerations The most attractive benefits include: pay and allowances, such as year-end payments, long-term service awards , transport allowances and employee training allowances (94%); employee protection, such as medical benefits, retirement protection and insurance plans such as life insurance, critical illness, etc. (89%); leave, such as paid annual leave, special leave such as maternity / paternity leave, exam leave, birthday leave (86%).
The survey also shows that only 62% of employees of small and medium enterprises interviewed said that their company provides medical insurance, which is much lower than 83% of large enterprises; only 47% of SME employees enjoy it. insurance schemes provided by their employers, such as life and critical illness. Their satisfaction with medical insurance is the lowest among many benefits, reasons include low claim amount and limited coverage.
Prudential marketing partner insurance and market development chief director Ng Shiya said there are currently more than 350,000 small and medium-sized enterprises in Hong Kong, accounting for 98% of Hong Kong, and employing about 45% of workers the private sector. Therefore, the performance of small and medium enterprises is particularly important to the Hong Kong economy. The customs clearance between China and Hong Kong is coming soon. Wu Shiya believes that it is good news for the industry and small and medium enterprises. It will help to import talents. In accordance with the government’s talent acquisition plan , it is expected that there will be many favorable factors to increase the supply of talent this year The group also expects to recruit 2,000 more front line workers.
Original article published on AM730 https://www.am730.com.hk/Local/Survey – A third of wage earners are considering changing jobs – Almost 80% say benefits will affect whether should i wait or wait / 355900?utm_source=yahoorss&utm_medium=address
