
Work-life balance top reason for Hongkongers quitting jobs, survey finds
The primary motivation for Hongkongers who have quit their jobs or are considering resignation is the desire to improve their work-life balance, a recent survey has found, with the proportion rising 5.9 per cent year on year.
The annual study, commissioned by major recruitment agency Randstad, surveyed more than 170,000 people globally, including 2,599 in Hong Kong, through online interviews.
Among the Hong Kong respondents, 40 per cent were millennials, born between 1981 and 1996, and 20 per cent belonged to Generation Z, born after 1997.
According to the results, 38.3 per cent said that 'improving work-life balance' had been one of the motivations for quitting their jobs, while the proportion last year was 32.4 per cent.
Other top reasons this year included 'pay does not meet rising cost of living', which was picked by 27.3 per cent of respondents, while 25.2 per cent linked their departure to receiving 'an offer I could not refuse'.
Benjamin Elms, managing director at Randstad Hong Kong, said the definition of work-life balance had evolved significantly over the past couple of years.
'What began as a desire to work from home has quickly expanded to include autonomy in managing priorities, having reasonable workloads, clear direction from leadership and good relationships with managers and colleagues,' Elms said.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


South China Morning Post
41 minutes ago
- South China Morning Post
Hong Kong's shelved plan for 8,300 public flats to face 90% higher cost per home
Hong Kong housing authorities have revealed that the now-suspended plan to build 8,300 public flats in a northern town will face higher costs of up to 90 per cent for each home and require an extra 10 months to complete if it were to press ahead. The Housing Bureau said on Monday that the postponement was prompted by its ground investigation that the site had 'complex geology with a deep bedrock layer'. 'The authority stresses that it has not abandoned the project,' the bureau said. It added that geological issues were expected to bring a longer-than-normal construction period and significant costs for foundation works. The bedrock level had been found at depths exceeding 80 metres (262 feet) below ground in general, with the deepest recorded at 120 metres. If the site were to be used for public housing construction, deep foundation work would be involved, it said. The suspension of the development, including its site formation and infrastructure works, in Fanling was revealed in a document the Housing Department and the Civil Engineering and Development Department submitted to the North District Council last week for a meeting on Monday. According to the paper, the Fanling Area 17 site, spanning about 5.47 hectares (13.5 acres) of both government and private land, is located to the east of Ling Shan Road and Jockey Club Road, south of Ma Sik Road and west of Fan Leng Lau Road. It currently houses the Fan Garden Police Driving and Traffic Training Centre.


South China Morning Post
44 minutes ago
- South China Morning Post
Chinese router maker TP-Link cuts staff at Shanghai chip unit, retains Shenzhen facility
TP-Link, China's leading Wi-fi router manufacturer, has laid off most employees at a chip development unit in Shanghai amid setbacks, according to people familiar with the matter and local media reports. Lianzhou International, known globally as TP-Link Systems and the overseas arm of the router maker, cut the majority of workers at its Shanghai-based chip unit last week, according to two people with knowledge of the situation, who declined to be named because they are not authorised to speak to news media. The lay-offs, first reported by Chinese media on Saturday, primarily affected employees working on the front-end module of Wi-fi chipsets, spanning roles such as algorithms and verification, according to the reports. The total number of affected employees remains unclear. TP-Link did not immediately respond to a request for comment on Monday. One source said the cuts followed difficulties in chip development, with one product failing to pass final testing. TP-Link's booth at Mobile World Congress in Barcelona, Spain, on March 3. Photo: Shutterstock The move signals a downsizing of TP-Link's overseas business, which comes months after the US government reportedly launched a national security probe into the company in December.


South China Morning Post
an hour ago
- South China Morning Post
Chow Tai Fook Jewellery plans one of Hong Kong's biggest bond sales this year
Chow Tai Fook Jewellery Group is seeking HK$7.85 billion (US$1 billion) from the sale of one of Hong Kong's biggest convertible bonds this year. The convertible bonds, denominated in Hong Kong dollars, will be due around the end of June 2030, and will carry a coupon of zero to 0.5 per cent payable semiannually, according to the terms of the deal seen by Bloomberg News. Proceeds will be used for the jewellery business and general working capital, according to the terms. Chow Tai Fook, which recently reported better-than-expected earnings, has been campaigning to lift its image, positioning itself closer to premium labels such as Tiffany and Cartier instead of a traditional gold retailer. The offering comes as New World Development, which is controlled by the family of Henry Cheng Kar-shun that also controls Chow Tai Fook, grapples with more than HK$200 billion of liabilities as Hong Kong's most indebted major developer. 03:22 The story of Chow Tai Fook – from goldsmith to jewellery conglomerate The story of Chow Tai Fook – from goldsmith to jewellery conglomerate UBS Group, the sole bookrunner of the deal, is proposing to conduct a share placement aimed at facilitating hedging for investors buying the bonds, according to the terms. As part of that placement, Chow Tai Fook will buy back as much as HK$1.57 billion of shares.