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Hong Kong Employees Prioritise Stability but Crave Growth

Research from Randstad finds that 60% of employees are happy to stay in a job that they like even if there is no room for career progression or development.

By Maggie Mancini

While more than half (56%) of Hong Kong professionals want to take on more managerial responsibilities, 60% say they are happy to stay in a job that they like, even if there is no room for career progression or development, according to research from Randstad 

The preference for stability resonates particularly with baby boomers, as two in three boomer employees express their preference of staying in their roles as long as they are happy. At the same time, 67% of boomers have expressed their desire for more managerial responsibility.  

The report also highlights a strong reliance on employers for skills development, with 64% of respondents saying they believe the responsibility for upskilling lies with employers—22% higher than the global average. Further, 42% of respondents say they would quit their jobs or turn down a new role if they are not offered training to future-proof their skills.  

The study unveils a potential gap in employer support concerning millennials. Compared to other generations, millennials are most likely to deem pay as “very important,” with 57% of them prioritising salary when considering their current and future employment prospects. Close to half of Gen Z employees (46%) and 35% of baby boomers feel the same way. 

This focus on financial stability is further emphasised as millennials are the most likely to resign due to low wages (48%). Millennials are also the least likely to feel their job provides them with the pay they need to live the life they want (23%).  

Tags: APAC June 2024, APAC News

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