Date
25 November 2017
About 38 percent of those planning to quit their jobs cited low compensation as the main reason. Photo: Bloomberg
About 38 percent of those planning to quit their jobs cited low compensation as the main reason. Photo: Bloomberg

Survey: 24% of HK employees want to leave jobs; low pay cited

About one in four employees in Hong Kong intends to leave their job mainly because of low pay, according to a survey.

In a survey conducted by employment services provider Randstad Hong Kong for this year, 24 percent of the respondents said they want to leave their jobs within the next 12 months, am730 reported on Friday.

Of those planning to quit their current jobs, 38 percent cited low compensation, 28 percent pointed to limited career opportunities, and 26 percent complained of a lack of recognition in their work.

Among the respondents under the age of 25, 29 percent cited a lack of of work-life balance while another 29 percent said they no longer found their jobs interesting.

For the survey, a total of 7,754 employees were interviewed between September and December last year.

Peter Yu, director of Randstad Hong Kong, said the results showed employers in the city are facing tremendous challenges in dealing with the labor crunch as workers are demanding higher wages and threatening to leave.

As to the main factor they consider in choosing their employers, 63 percent of the respondents cited wages and perks, 49 percent wanted a pleasant work environment, 47 percent were most interested in work-life balance, 45 percent were looking for career development opportunities, while 43 percent gave premium to long-term employment security.

For the most sought-after employers, Cathay Pacific clinched the top spot, followed by Ocean Park Hong Kong and CLP Holdings.

HSBC topped other banks in the survey, while IBM was voted the most attractive employer in the technology sector.

– Contact us at [email protected]

TL/AC/CG

EJI Weekly Newsletter

Please click here to unsubscribe