More Than Half of Workers in Hong Kong are Considering Changing Employers in 2025, Aon Study Reveals

The research reveals a troubling trend: almost one in five employees (17 percent) in Hong Kong feel undervalued in their current roles compared to seven percent in mainland China and 13 percent globally.

Dissatisfaction with Compensation and Benefits

The study reveals that 60 percent of employees in Hong Kong do not believe their compensation is fair compared to similar roles in the industry, a figure significantly higher than the global benchmark of 37 percent. Further, more than one third of the workforce (35 percent) in Hong Kong is not confident there is adequate investment in their skills development — double the global average. These results point to growing employee dissatisfaction in the Hong Kong market and may explain why the majority (63 percent) either plan to switch jobs or are considering doing so within the next year.

Competitive pay and meaningful benefits are identified as the most influential factors when deciding to stay with or join a company, signalling the need for employers to act swiftly to improve employee benefits and offer competitive rewards.

Paid Time Off Ranked Top-Value Benefit

The study identified the top five benefits valued by employees in Hong Kong:

1. Paid time off
2. Medical coverage
3. Work-life balance programs
4. Retirement savings
5. Dental insurance

Medical coverage was the second highest valued benefit across all generations, with Gen X and Gen Z rating it higher than Gen Y (Millennials). Rising cost of living and an ageing workforce has increased health and financial concerns, prompting employees to seek better medical coverage and support.

More than half of the employees (57 percent) would be willing to sacrifice existing benefits for a better choice of benefits, presenting an opportunity for employers to provide personalised and flexible benefit options to meet the needs of their workforce.

A staggering 75 percent of employees in Hong Kong prefer office-based working arrangements, over 20 percent higher than the global average.

Top Employee Expectations

The study also identified the top expectations employees have of their employers:

1. 33 percent said employers should help employees save for retirement/long-term needs.
2. 28 percent said employers should support employee wellbeing.
3. 20 percent said employers should support women's health (e.g., menstruation, menopause).
4. 19 percent said employers should help them establish an emergency fund.
5. 18 percent said employers should support with eldercare or family care.

Ernest Leung, head of Hong Kong for Aon said, “While organisations may perceive unmet salary expectations as the primary reason for employee turnover, employees evaluate all aspects of their roles and total rewards when deciding whether to remain with an organisation. With evolving technologies and an ageing workforce, the growth of businesses in Hong Kong will greatly depend on the ability of organisations to attract and retain top talent across multiple generations. It is crucial, therefore, for organisations to adopt more creative and innovative compensation practices using data-driven analytics and insights as part of their overall people strategy.”

The study also brings attention to the lack of equity in pay and career development practices, with 41 percent of employees not confident their employer ensures gender pay equality. Additionally, women are 11 percent more likely than men to want career development and learning. This reinforces the need for employers to take steps to offer customised benefits across demographics including pay transparency and career development to attract and retain top women talent.

Follow Aon on LinkedIn, X, Facebook and Instagram. Stay up-to-date by visiting Aon's newsroom and sign up for news alerts here.
 
 

Media Contact
Jini Pillai
Jini.pillai@aon.com
+65 8133 8523

Disclaimer
The information contained in this document is solely for information purposes, for general guidance only and is not intended to address the circumstances of any particular individual or entity. Although Aon endeavours to provide accurate and timely information and uses sources that it considers reliable, the firm does not warrant, represent or guarantee the accuracy, adequacy, completeness or fitness for any purpose of any content of this document and can accept no liability for any loss incurred in any way by any person who may rely on it. There can be no guarantee that the information contained in this document will remain accurate as on the date it is received or that it will continue to be accurate in the future. No individual or entity should make decisions or act based solely on the information contained herein without appropriate professional advice and targeted research.