According to government statistics, Hong Kong’s labor force has lost regarding 140,000 people in the past two years. Many of them are university graduates and business managers. How to grab or retain talents has become a hot topic. A survey found that although 65% of the interviewed SME employees are satisfied with their current company, nearly one-third of them are still considering changing jobs. Among them, 77% believe that employee benefits are the key factor in deciding whether to stay or not, and the most attractive benefits for employees are year-end compensation , medical benefits and holidays.
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 SME respondents plan to stay with the company long-term. The survey also found that although 65% of the interviewed SME employees are satisfied with their current company, 32% of the respondents are still open to new job opportunities or are actively looking for new jobs.
The most important remuneration and allowances
When considering whether to leave or leave a job, 77% of the interviewed SME employees believe that employee benefits are the key considerations. The most attractive benefits include: remuneration and allowances, such as year-end payments, long-term service awards, transportation 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%); holidays, such as paid annual leave, special leave such as maternity leave / paternity leave, examination leave , Birthday leave (86%).
The survey also shows that only 62% of employees of small and medium-sized enterprises interviewed said that their company provides medical insurance, which is far lower than 83% of large enterprises; only 47% of employees of small and medium-sized enterprises enjoy 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.
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, accounting for 98% of Hong Kong, and employing regarding 45% of private sector employees. Therefore, the performance of small and medium-sized 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-sized enterprises. It will help the import of talents. In line with the government’s plan to grab talents, it is expected that there will be many favorable factors to increase the supply of talents this year. The group also expects to recruit 2,000 more frontline employees .
Originally published on AM730 https://www.am730.com.hk/Local/Survey – One-third of wage earners are considering changing jobs – Nearly 80% say benefits will affect whether they will stay or stay / 355900?utm_source=yahoorss&utm_medium=referral