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The pandemic-induced ‘Great Resignation’ is global. Covid-19 has made people becoming more mindful about their career goals, against a basket of other realities such as family time, commuting, passion and life and death. Amid this global trend, companies in Hong Kong are also facing an exodus of talents triggered by the stringent quarantine measures and shifts in political sentiments. As revealed in the Digital Salary Survey 2022 produced by Robert Walters, 85% of the companies expressed concerns over talent shortages in Hong Kong.
Attracting and retaining talents have become top priorities for organization to succeed in the post-covid world. Many organisations choose to entice talents with better salary but that is not enough. The ‘Great X Report’ by Michael Page shows that around 70% of Hong Kong workers are willing to accept a lower salary or forgo pay rise and/or promotion for better work-life balance, overall well-being and happiness.
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