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China and Hong Kong prioritize higher salary

Anuradha Shukla | April 10, 2015
Findings from recruitment specialist Hudson.

Chinese and Hong Kong job seekers prioritize higher salary and not work life balance, according to new research from recruitment specialist Hudson.

Higher salary is the top priority for 66% of Chinese workers and (69%) of workers in Hong Kong.

"With salary and benefits in the top five of job seekers' wish lists, employers would be wise to take heed by ensuring that their salary and benefits packages are in line with competitor offerings in the market," said Hudson Shanghai joint general manager, Lily Bi.

61% of job seekers in China voted work life balance (including flexible arrangements), 60% find career progression and 45% find cultural fit important for a new role.

For Hong Kong these figures are 56% (work life balance) and 52% (better benefits).

Almost all employees (97%) in China are open to being approached about a new job opportunity. Three quarters (74%) have an up-to-date CV and almost half (46%) have an up-to-date LinkedIn profile.

Attracting right talent

Enterprises in China are having trouble in finding the right talent and require both a competitive employee offering and a multifaceted sourcing strategy.

85% of the hiring managers in China acknowledged that they have to look beyond active job seekers to find the right candidate.

67% of hiring managers in China named head hunters or recruitment agencies as a highly effective sourcing channel. Other sourcing channels are internal referral schemes (50%), personal networks (46%), online job boards (43%) and LinkedIn (31%).

39% of hiring managers look to social media when evaluating a candidate as 60% of professionals are comfortable with their online footprint.

"This report confirms what we are seeing: people are at the heart of great hiring. Best practice methodologies include use of head hunters, recruitment specialists and personal networks," said MsBi. "The market is also becoming more complex. To win the talent war in 2015, employers would do well to take a more sophisticated approach to hiring. This may involve use of multiple channels and a targeted sourcing strategy tailored to the role."

 

 

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