Only 15% of respondents believe Hong Kong employers offer job security – a factor previously cited as being more critical than salary in the Randstad Award Employer Branding survey released this April. Furthermore, 41% of respondents are willing to exchange a part of their salary in order to secure their position as compared to 26% last year.
These are some of the findings in the Randstad Workmonitor Report covering Q2 2013; a global survey of 191,000 employees from 32 countries. The report is published four times a year tracking global and local workforce trends.
The vast majority of Hong Kong employees (89%) said that when seeking a suitable job in the HKSAR, they found experience is far more important than education.
The Randstad Workmonitor Report found that more than two out of three respondents (68%) said young people aged 25 or below had the greatest difficulty in finding a suitable job.
In the older age brackets, nearly 9 out of 10 (87%) felt that older people – over 55 years of age – had difficulty in finding a suitable job. Also, 80% said this age group would often accept jobs below their level of education.
"Hong Kong employees are saying increasingly that job security is far more important than salary and their perception is that Hong Kong employers just do not offer this at the moment," says Brien Keegan, Director of Randstad Hong Kong. "This is further supported by respondents saying that they are willing to exchange a part of their salary if this would secure their positions."
"Based on these and other results, employers still have a lot to do in convincing the public at large that they offer the most attractive destination for job seekers."