Almost nine out of ten employers (89%) consider their employees' digital skills are more important now than five years ago. This is mirrored by 86% of employees who say these skills will become increasingly important in their positions. Eighty-two percent of employers also say that social skills in the workforce are of greater importance now than ever before.
These are some of the findings in the Randstad Workmonitor Report covering Q3 2013; a global survey of 16,800 employees from across 42 countries.
Eighty-five percent of employers are making higher demands on employee competencies than five years ago; an especially worrying finding particularly when almost half (46%) of Hong Kong workers say they are afraid of not meeting job requirements in the future. But, almost all Hong Kong employees (96%) say they would do anything to meet their job requirements.
Indeed, most respondents find it is of a shared responsibility of both employers and employees to ensure employee competencies and skills meet job requirements – 93% of respondents consider it to be the responsibility of employers, whereas the same proportions of respondents see this as being the responsibility of the employees themselves.
"With continuing low levels of unemployment, Hong Kong will see a shortfall of skilled professionals by 2018 according to government reports, and the latest Randstad Workmonitor results clearly indicate that employers are already feeling the pinch," says Peter Yu, Director and General Manager of Randstad Hong Kong.
"It’s therefore interesting that in today’s talent short market, employers prefer for employees to upskill themselves to simply just meet job requirements."
Hong Kong employees have indicated that the changing workplace environment has already impacted their job requirements and they fear the future will place even higher demands on them.
"Smart employers need to act now to invest in the learning, development and capabilities of their employees to future-proof their workforce and to address the constant pace of change that has become the norm in workplaces today. These companies will be on the front foot to drive workforce performance, productivity and competitive edge," adds Yu.