Employers will need to focus on retention this year as 44 per cent of candidates are currently looking for a new job and a further 42 per cent are open to hearing about a fresh opportunity,according to recruiting experts Hays.
The newly released 2016 Hays Asia Salary Guide outlines the findings of candidate and employer research across five key nations – China, Hong Kong, Japan, Malaysia and Singapore as well as the salary ranges for more than 1,200 roles.
Of the more than 3,000 employers representing over six million employees taking part in this year’s Guide, 34 per cent are worried they already don’t have the right talent on board to achieve current business objectives. And 96 per cent say skills shortages have the potential to impact business operations this year.
However, Hays research reveals that not only are many employees already actively job hunting, 25 per cent want to be in a new role within the next six months with a further 21 per cent expecting to change jobs within the year.
With almost half the workforce thinking about a move, employers need to pay close attention to what pushes an employee to start looking for a new job as well as their motivations for staying in the job they have.
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According to the 2016 Guide the top motivators for job hunting identified by Japan’s candidates are summarised in the graph below:
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The key retention factors for employees in Japan are:
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On a country level, work-life balance is the main reason people stay with an employer in China, Hong Kong and Singapore. In Japan career progression is the key to retention while in Malaysia it’s salary.
Job loyalty
Building a career with one employer is rare in Asia amongst our survey group with only five per cent of respondents lasting up 10 to 20 years with their current employer and only two per cent more than 20 years. Most (31 per cent) have been with their current employer for two to five years, with 27 per cent employed for only up to a year and a further 21 per cent for one to two years. A further 14 per cent have been with their current employer for five to 10 years.
Get your copy of the 2016 Hays Asia Salary Guide by visitinghttps://www.hays.co.jp/en/salary-guide/index.htm?ver=d, contacting your local Hays office or downloading The Hays Salary Guide 2016 iPhone app from iTunes.
Hays, the world’s leading recruiting experts in qualified, professional and skilled people.