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Professionals across China are largely optimistic about employment conditions for their sector and are likely to change roles in the coming year, according to Michael Page’s China Employee Intentions report.
The survey, based on the responses of over 2,400 employees across China’s professional sector, indicates that 47% of respondents expect the job market will improve for the sector in which they work. Furthermore, 40% of all respondents are very likely to change jobs in the next 12 months.
“While growth in the Chinese economy has slowed over the last 12 months, the volume of job opportunities in the professional sector remains steady and so too are the confidence levels of jobseekers. In light of this, both financial and non-financial incentives will need to be offered by employers looking to secure talented staff in the next 12 months,” says Richard King, managing director of Michael Page in North and Eastern China.
The most important consideration for those deciding to move jobs included opportunities for further learning and development (18%), and more seniority or a promotion (17%). Of those seeking pay rises 51% would be looking for an increase of more than +16% on their current salary.
Additional benefits that employees are seeking involve a bonus entitlement (54%) and a more flexible working arrangement to achieve better work-life balance (76%).
“Offering a range of benefits and work-life balance options is also key to encouraging professionals to accept a role with a business or to remain in a company,” added Mr King.