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Salary not the sole criterion for Hong Kong job-seekers

Anuradha Shukla | March 22, 2013
Employees put more emphasis on flexible working conditions.

Most people prefer a fat pay check but a newly released research report by flexible workplaces provider Regus shows that employees put more emphasis on flexible working conditions.

Twenty-four percent of local employees in Hong Kong believe work/life balance is more important than money in deciding whether to join, continue working or leave their existing company.

About eight out of 10 Hong Kong workers agreed they were "planning to make a New Year's resolution regarding their career."

Thirty-six percent of the respondents see the ability to work at flexible times and locations as most important.

"A number of authoritative recent studies, taken together, point to an inescapable conclusion - cash is no longer king and, both globally and in Hong Kong, employees are increasingly likely to consider other factors when job hunting," said Hans Leijten, vice-president, East Asia, Regus. "Employers may be well advised to look at the conditions they offer, to keep themselves competitive in the Hong Kong labour market."

High-earners have lower job satisfaction

High-earners often have lower job satisfaction than medium-earners and there is a mismatch between what Hong Kong workers want and what employers offer.

Thirty-five percent of the employers are most likely to offer career breaks, unpaid leave and sabbaticals to their employees.

However, only 25 percent of employees see the above mentioned initiatives as important.

Twenty-five percent of employers offer flexible working and this is exactly what employees want from their work place.

Seventy-two percent of respondents agreed that work-life balance is a critical factor that impacts motivation, productivity, recruitment and retention of talent.

"I've long believed that it is a mistake for companies to ignore the impact of a poor employee work/life balance on their bottom lines," added Leijten. "Recent research suggests that, increasingly, Hong Kong workers are rejecting the culture of 'presenteeism' that was once so prevalent, and instead looking for jobs in companies that allow them to be healthier, happier and more productive."


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