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Hong KongHong Kong Economy

Almost half of working Hongkongers look to change jobs this year

Some 43 per cent of those in jobs currently said they want to find better paying work with more opportunities for advancement

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Many survey respondents said low career advancement opportunities within their companies was a factor that made them look for other work. Photo: AFP
Harminder Singh

More employed people intend to change jobs this year, citing better salaries and career advancement as reasons for potentially switching, a survey by a leading online jobs portal has found.

Of those who are currently employed, 43 per cent said they intended to switch jobs in 2017, an increase from 39 per cent last year, according to a survey by Jobs DB.

The survey found those who changed careers received an average salary increase of 5.3 per cent. This was more than the average salary increase of 3.9 per cent for those who stayed with the company they were employed at, and an incentive to move.

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Low career advancement opportunities within the company they worked for was another top reason for seeking other employment opportunities.

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While some companies could not afford to pay their employees more, they could offer other incentives in order to retain talent and even attract new talent, according to general manager of Jobs DB Hong Kong, Justin Yiu.

“Some of the companies can provide some visibility to provide better working hours [or] better work-life balance, because our survey also shows that working overtime is quite serious in Hong Kong as well,” he said.

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