Only one in five Hong Kong millennials expect to stay with current employer, survey finds
Study shows that while differences exist between older and younger workers in the city, most have similar view of how they want to be treated by their bosses
Hong Kong millennials – adults under the age of 35 – are more likely to leave their current jobs than their older peers, but both groups want their bosses to be more inclusive instead of commanding, a survey has found.
The Association Internationale des Étudiants en Sciences Économiques et Commerciales (AIESEC), an international youth-run network, polled 1,000 people in the city in December. Some 49 per cent were millennials born between 1983 to 2000 and the rest were non-millennials aged between 35 and 54.
Only 19 per cent of the millennials polled said they expected to stay with their current employers in the foreseeable future, 14 percentage points lower than the non-millennials and eight percentage points lower than the overall rate.
While only 13 per cent of the non-millennials admitted that they were actively looking for a new job, 27 per cent of the millennials reported an ongoing job hunt.
Despite the differing levels of loyalty to their current jobs, both groups favoured an “affiliative” leadership style, which promotes harmony within teams and connects colleagues by encouraging inclusion.
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Both groups also dislike commanding bosses who issue top-to-bottom orders, threaten disciplinary action and maintain tight control over teams.