Employers in Singapore, Hong Kong and Malaysia Continue to Ignore Work-Life Balance

May 30, 20178:51 am542 views

Employers in Singapore, Hong Kong and Malaysia continue to ignore the importance of work-life balance as employee preference for it rises to the highest level in years, says findings revealed by recruitment firm Randstad.

The Randstad Employer Brand Research 2017 reveals the importance of work-life balance has continued to rise, to become one of the most important attractiveness factors in Singapore, Hong Kong and Malaysia. Despite this, employers in all three markets performed so poorly in the aspect of work-life balance that the factor ended close to the bottom of the ranking.

The ranking also revealed that employers scored the highest in financial health and good reputation. While potential employees considered financial health of the company to be fairly important, good reputation was not much of a priority, further highlighting the gap between employers and employees.

Pleasant work atmosphere was also found to have a gap in expectations between employees and employers. The attractiveness factor ranked fairly high with employees, however, employers scored poorly in this area – just one position higher than work-life balance.

Michael Smith, Managing Director, Randstad Singapore, Hong Kong and Malaysia noted, “The results revealed by this year’s Randstad Employer Brand Research are far from being encouraging. It’s widely known that work-life balance has become highly important for employees of all demographics. Our research just reaffirms and measures this attribute. Whether organisations are resting their laurels on being financially healthy and having a strong reputation, or whether their current work-life balance initiatives are not strong enough, it’s clear that employer branding efforts need to be very carefully re-examined.”

“The stakes are high for these organisations. By not addressing the evolving wants and needs of employees, they risk losing the very talent that helped them build their strong reputation and financial health,” added Smith.

See: Skills Shortages Continue to Worry Employers in Singapore in 2017

The Randstad Employer Brand Award, previously known as the Randstad Awards, is presented each year to the most attractive employer in 26 countries across the globe. It is based on the outcome of one of the world’s most representative and inclusive research into employer branding, covering over 160,000 global respondents.

What employees in Singapore seek What employers in Singapore offer
1. Good work-life balance 1. Financially healthy
2. Job security 2. Good reputation
3. Pleasant work atmosphere 3. Latest technologies
4. Career progression 4. Stimulating work
5. Financially healthy 5. Job security
6. Stimulating work 6. Career progression
7. Good reputation 7. Pleasant work atmosphere
8. Gives back to society 8. Good work-life balance
9. Latest technologies 9. Gives back to society

 

What employees in Hong Kong seek What employers in Hong Kong offer
1. Good work-life balance 1. Financially healthy
2. Job security 2. Good reputation
3. Financially healthy 3. Job security
4. Pleasant work atmosphere 4. Career progression
5. Career progression 5. Latest technologies
6. Good reputation 6. Stimulating work
7. Stimulating work 7. Pleasant work atmosphere
8. Gives back to society 8. Good work-life balance
9. Latest technologies 9. Gives back to society

 

What employees in Malaysia seek What employers in Malaysia offer
1. Good work-life balance 1. Financially healthy
2. Career progression 2. Good reputation
3. Financially healthy 3. Latest technologies
4. Pleasant work atmosphere 4. Job security
5. Job security 5. Career progression
6. Good reputation 6. Stimulating work
7. Stimulating work 7. Pleasant work atmosphere
8. Latest technologies 8. Good work-life balance
9. Gives back to society 9. Gives back to society

The 75 largest companies are selected in each participating country, usually with more than 1,000 employees. This list is presented to a representative cross section of relevant respondents based on region, age, education and gender.

In Singapore and Hong Kong, over 5,000 employees and job-seekers between the ages of 18-65 were surveyed. In Malaysia, over 4,500 were surveyed.

Also read: Top Employers in Singapore That Fresh Graduates Wish to Work For

Image credit: freedigitalphotos.net

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