Hong Kong workers rate job security higher than pay when joining a firm

65pc of 4,000 people polled say this is top reason for choosing to join a company

PUBLISHED : Sunday, 07 April, 2013, 12:00am
UPDATED : Sunday, 07 April, 2013, 6:47am

Most Hong Kong employees care more about long-term job security than pay or promotions when choosing to work for a new company, according to a new survey.

Hong Kong was the only Asian city to rank job security higher than pay, with 65 per cent of about 4,000 employees making it the top factor when assessing a possible new role, recruitment and human resources firm Randstad found in its global survey.

"Interestingly, Hong Kong was the only place in Asia where employees most frequently put long-term job security ahead of salary as the prime reason for joining a particular company," said Brien Keegan, director of Randstad Hong Kong.

"Employers need to take heed of this when looking to recruit, as the commonly held belief that employees, in Hong Kong at least, are just interested in money has proven untrue."

The survey sought to find out how attractive the city's 75 largest companies, based on staff size, were as potential employers.

Salary was the second most important factor (63 per cent), followed by a pleasant working environment (53 per cent). Having a good work-life balance (45 per cent) and opportunities for promotion (44 per cent) rounded out the top five factors.

More than two-fifths of Hong Kong employees, or 42 per cent, said location was important. Other factors included a firm's good financial health, interesting work and training.

Men said they preferred firms with career opportunities, quality products and services, good training and strong management, while women wanted more job security, accessibility and a pleasant atmosphere. "This shows firms must consider broad factors when making decisions on how to stand out as a sought-out employer," Keegan said.