Deteriorating working conditions and uncompetitive compensations packages are forcing more than two-thirds of Hong Kong's finance sector workers to look for new jobs as the economy recovers, reports the South China Morning Post, citing a survey conducted by recruitment firm Robert Half.
The newspaper notes that 67% of the 310 respondents from Hong Kong want to change jobs. Sixty-percent of them suffered a pay cut last year, and more than 40% said they had to work longer hours and that environments were more stressful compared to the previous year.
Quoting Andrew Morris, director of Robert Half Hong Kong, the Post says the survey highlights the importance of talent retention for employers as the economic recovery shifted the balance in favour of job seekers once again. However, only 21% of employers surveyed had created retention packages for their key staff.