More than one in three professionals are likely to look for a new role in Hong Kong over the next 12 months, and almost half are considering working overseas in order to add international experience to their CV.
The resilient economy in Hong Kong is sustaining business activity levels, which is having a positive flow-on effect to the professional employment market. As job opportunities continue to arise, professionals are likely to become more active jobseekers. According to the latest Employee Intentions Report - 2013/14 by Michael Page Hong Kong, 37% of respondents are very likely to look for another role in the coming year. Almost half of those surveyed say they will consider looking for work overseas, with 63% planning to seek a job in Asia and a further 25% in Australia, New Zealand or EMEA.
Of the employees looking to stay in their current role, 60% say they will ask their employers for an increase in salary in the coming year, with an increment of 10-12% preferred by most. Furthermore, 72% of staff would like to receive flexible working arrangements from their company to achieve better work-life balance. With regard to accepting a new role, 29% of respondents say the main incentive is an increase in salary. This is followed by scope for career progression, promotion, company brand and reputation as well as learning and development. Commenting on the findings of the report, Mr. Andy Bentote, Senior Managing Director of Page Group in Hong Kong and Southern China said, “Employers will need to offer appealing incentives to secure in-demand talent.” Respondents are optimistic about the strength of the job market for the sector they work in; 49% are of the opinion that the employment market will remain the same and 37% anticipate an improvement on current hiring activity.
Paul Arkwright
Publisher
