Recent unemployment and underemployment statistical findings were released by Hong Kong’s Census and Statistics Department. Director of Randstad Hong Kong, Peter Yu, commented on the Unemployment and Underemployment Statistics for Jul – Sep 2015.
On the unemployment rate remaining unchanged
“Hong Kong employees continue to be in a fortunate position, with unemployment remaining low and stable at 3.3 percent. However, the low unemployment rate means that employers need to remain vigilant and ensure that productivity remains consistent. Keeping employees engaged and motivated is vital to keeping productivity levels high.
“According to the Q3 2015 Randstad Workmonitor, more than four in five Millennials in Hong Kong are confident that they would find comparable work at a different employer within six months. A similar number are already looking to switch careers.
“Employers need to understand their employees’ motivations and develop a robust employee management programme incorporating these findings. They need to foster a culture of continuous learning, professional growth, and provide clear career pathways.
“For example, by increasing training and up-skilling opportunities and putting in place clear development pathways, organisations are better placed to attract and retain the high-performing talent they need,” Yu added.