- 87% of talent expect a bonus, up six points from last year
- 38% of respondents will start a job search if not paid a bonus
Nearly nine in ten Hong Kong-based employees are expecting to receive a bonus this year.
Of those expecting to receive a bonus, 73% said they are anticipating an annual bonus of up to two months salary.
While almost all of the survey respondents, 97%, agreed that receiving a bonus is important to their engagement with the company while almost 38% of talent said that they would start a new job search if they did not receive a bonus this year.
Natellie Sun, Managing Director, Randstad Hong Kong expanded, “The workforce in Hong Kong is very motivated by financial remuneration. Therefore, they are more attracted to companies that offer a high salary and known for giving big bonuses.”
The survey found that 56% of organisations in Hong Kong practice tiered-bonuses. Unlike a flat-bonus scheme where all employees within the company receive the same amount of bonus, a tiered-bonus scheme rewards employees based on their performance and scope of responsibility. Sun observed, “A tiered-bonus scheme not only rewards good performers, it also helps motivate and incentivise employees to certain milestones and work towards surpassing their goals and targets.”
Paul Arkwright
Publisher
