Over Half of Asia Pacific Workers Are Searching for New Roles

According to research by a human capital management technology company, Ceridian, over half (54%) of the Asia Pacific's workforce is either considering or actively searching for new roles. 

This study highlights the increasing need to address talent attraction and retention via modern and employee-centric technologies. 

The study showed:

• 67% of Asia Pacific workers aged 18-34, and 54% of all workers, are considering or actively searching for new roles.

• 75% of the labour force is working overtime every week. However, only 50% are compensated for it. 

• Almost 27% of employees are sceptical about their basic working conditions, such as minimum wages and classifications, award entitlements, penalty rates, allowances, ordinary hours, and breaks.

• When asked about their overall remuneration packages, 38% of Asia Pacific workers ranked flexible policies as their most prized employee perk and non-cash benefit. 

The Managing Director of Ceridian in Asia Pacific Japan, Stephen Moore, said that in an increasingly changing talent market, organisations are challenged to attract and retain top workers and address their workers' wide-ranging expectations. 

To achieve success, leaders must prioritise their workforce, beginning with paying their employees accurately and on time, every time. According to Moore, mobile-first and data-driven human capital management solutions are crucial to meet the changing employee expectations today and into the future. 

 

Growing expectations for on-demand pay

The study showed employees prefer tailored, connected, and on-demand employee experiences. These experiences include access to earned salaries outside of the traditional pay cycles. 

Although 13% of workers currently have access to their pay on-demand, more than half of employees (53%) prefer to have this emerging benefit made available to them. 

What is on-demand pay? On-demand pay is an employee payment method in which workers can collect their wages as they earn them. Usually, workers can only access a specific portion or maximum limit of their earnings per pay period, while the rest is paid as usual on the worker's next standard payday.

Moore said that top employers understand that a modernised pay experience is a growing expectation of workers in today's digital-first world. Emerging solutions, such as on-demand pay, help empower employees with flexibility and more control over their finances. 

More workers in the Asia Pacific are searching for new roles.

More about the survey

The survey was conducted online within the Asia Pacific region by Pureprofile on behalf of Ceridian from 9 to 23 June 2021. 

The survey collected views from 4,485 employed adults who are 18 and older:

• 904 respondents from Malaysia,

• 945 from Singapore,

• 771 from the Philippines,

• 923 from New Zealand, and

• 942 from Australia.

 

Source: Ceridian

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