Research findings by Ceridian, a global leader in human capital management (HCM) technology, have revealed more than half (54%) of the region’s workforce is either considering or actively looking for new roles, highlighting the growing need to address talent attraction and retention through modern, employee-centric technologies.
Based on a statement, the research revealed two-thirds (67%) of APAC employees aged 18-34, and more than half (54%) of all workers, are considering or actively looking for new roles.
Three-quarters (75%) of the labour force is working overtime each week, yet only 50% are being paid for it while almost one-third (27%) of workers aren’t sure of their basic working conditions, such as award entitlements, minimum wages, and classifications, penalty rates, ordinary hours, allowances, and breaks.
Asked about their overall remuneration packages, APAC employees ranked flexible policies (38%) as their most valued employee perk and non-cash benefit.
“In an increasingly dynamic talent market, companies are challenged with both attracting and retaining top talent, while addressing the wide-ranging expectations of their workers,” said Stephen Moore, Managing Director, Asia Pacific Japan, Ceridian.
“To succeed, leaders need to prioritise their workforce, starting with paying their people accurately and on time, every time. Mobile-first, data-driven human capital management solutions are the key to meeting the evolving employee expectations today and into the future.”
On rising expectations for on-demand pay, the research shows employees want tailored, connected, and on-demand employee experiences, including access to earned wages outside of traditional pay cycles.
While 13% of employees currently have access to their pay on-demand, over half of workers (53%) would like to have this emerging benefit made available to them.
This survey was conducted online within the APAC region by Pureprofile on behalf of Ceridian from June 9 to 23, among 4,485 employed adults, aged 18 and older.