The survey found that nearly one-third of the interviewed SME employees are considering changing jobs, and employee benefits have become the key to “retaining talents”.
The latest Prudential “Wager Happiness Survey” released by Prudential Insurance was conducted from September to October last year in the form of an online questionnaire, interviewing a total of 600 employees of small and medium enterprises in Hong Kong and 300 employees of large enterprises in Hong Kong. The survey found that although 65% of interviewed SME employees are satisfied with their current company, 32% of respondents are still open to new job opportunities or are actively looking for new jobs. In addition, nearly a quarter (24%) of the respondents said they would prefer to work in a large company, mainly considering the strength of the company (42%), better medical insurance (41%), more comprehensive employee benefits (39%), and Perfect retirement system (30%).
When considering whether to leave or leave a job, 77% of the interviewed employees of SMEs believe that employee benefits are the key considerations. The most attractive benefits include: remuneration and allowances, such as year-end payments (including double pay, year-end bonuses, etc.), long-term Service incentives, meals, transportation allowances and employee training allowances (94%); employee protection, such as medical benefits, retirement protection and insurance plans such as life, critical illness, etc. (89%); holidays, such as more than labor regulations Paid annual leave, special leave such as maternity or paternity leave, examination leave, birthday leave (86%).
Only 62% of employees of SMEs interviewed said that their company provides medical insurance, far lower than 83% of large enterprises; and less than half (47%) have insurance plans provided by their employers, such as life and critical illness. Their satisfaction with medical insurance is the lowest among many benefits, the reasons include low claim amount and limited coverage.
In addition, among the financial management workshops organized by the company, the most popular topics among SME employees are financial management or financial knowledge (41%), MPF performance and management (40%), and retirement planning (33%). When asked if the company they worked for might provide more than one MPF provider to choose from, nearly 90% (88%) of SME employees were interested.
Ng Shiya, chief market development and insurance partner marketing director of Prudential, said that there are currently more than 350,000 small and medium-sized enterprises in Hong Kong, which together employ regarding 45% of private sector employees. Therefore, the business performance of small and medium-sized enterprises is particularly important to the Hong Kong economy. Employees are an important asset of every enterprise, and retaining talents is an important part of the sustainable development of SMEs.
Source: comprehensive report
Text by FORTUNE INSIGHT
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