Employees in Greater China seek job security post COVID-19

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In the latest report released by Randstad Greater China, 61% of respondents said that employers should adopt a flexible working approach based on employees’ individual circumstances and preferences.

62% regard attractive salaries and benefits as employer EVP (employee value proposition) post-COVID-19

Before COVID-19, 38% of respondents considered interesting job content as a key EVP when looking for a new employer. A further 42% of respondents with a master’s degree seek autonomy and recognition from their peers, colleagues and bosses.

After COVID-19, 62% of respondents rated attractive salaries and benefits as the number one factor they look for in an employer. With the ongoing pandemic and an uncertain global economy, job seekers will place a greater focus on having a stable income.

 45% of respondents pursue work-life balance

Post COVID-19, 45% of respondents indicated their desire to have better work-life balance, 2% lower compared to 2019. This could be due to the impact of the pandemic on the local economy and workforce arrangement where many employees had to work from home in the first couple of months of the year. As such, job seekers will likely prioritise having a stable job over work-life balance. Some of them even sacrificed their personal and leisure time for work to keep their jobs.

Additionally, 44% of respondents seek long-term employment which typically offers more stable incomes, while 34% prefer a combination of long- and short-term opportunities, which allow them to earn extra income and pursue their passion on the side. Respondents feel that having both part-time and full-time jobs can also reduce certain risks, such as being laid off or losing their main source of income.

Amid the pandemic disruption and an uncertain economy, having job security appears to be much more important to workers. As such, organisations looking to attract and retain their top employees would need to build up their resilience and risk management capabilities – so that they can maintain business continuity amid an unpredictable market.