More than half of employees lament unfair company wages and promotion decisions

They believe companies don’t have existing policies promoting financial well-being.

Almost half (47%) of employees claim that their employers ensure equity in pay and promotion decisions, according to a survey from HR consulting firm Mercer, reflecting a larger percentage of the workforce unsatisfied with their present compensation packages.

Also read: A quarter of graduates dissatisfied with first jobs despite higher salaries 

Employees spend an average of 11 work hours per week worrying about financial matters but a mere 19% of companies have policies and relief measures in place to assuage these worries.

“Organisations that help employees worry less about basic security needs and invest more energy on their career aspirations will be rewarded with a workforce that has more pride, passion, and purpose,” said Ilya Bonic, President of Mercer’s Career business.

Also read: Nearly half of women bemoan insufficient gender diversity work policies

Companies that do not invest in their human resources run the risk of losing their talents as 60% of employees that have expressed satisfaction with their jobs still have plans of leaving if they are not provided with enough opportunities to move forward with their careers.

A separate survey revealed that nearly three in 10 (27%) employees would leave their current occupation to strike a better work-life balance at another job. 

“Hong Kong employees are gradually realising the value of additional benefits, such as flexible work hours and professional development opportunities. These benefits are in demand, particularly by millennials who often tend to value career progression and the chance to develop their skillset higher than financial incentives,” said Robert Half Hong Kong managing director Adam Johnston.