Employee engagement and retention levels in Hong Kong continue to be a challenge as companies struggle to understand and effectively address the issues important to their staff.
Workers in Hong Kong are less engaged and loyal to their employers than their global counterparts, according to two new major surveys—the 2014 Global Workforce Study and the 2014 Global Talent Management and Rewards Study, released by professional services company Towers Watson. They are also concerned with how their pay compares to both internal colleagues and external peers at the same level.
Marieke van Raaij, Practice Leader of Organisational Surveys & Insights, Towers Watson, said, “The high percentage of employees responding that they are considering leaving their current employers is certainly a worrying trend for Hong Kong companies. Our research reveals that highly engaged employees are more than three times as likely to stay with their employers, which emphasises the importance that organisations need to place on policies and programmes that truly engage their employees.”
Key findings:
- 61% of Hong Kong employees are completely disengaged or detached.
- 31% of Hong Kong employees say they are likely to leave their current employer in the next two years.
- Only 23% rate senior leaders as effective, and just 49% rate managers as effective
- Only 43% of respondents feel they are paid on par with peers from other companies versus 51% in Asia Pacific and 49% globally.
Paul Arkwright
Publisher
