PR Newswire
23 Jun 2022, 06:30 GMT+10
BANGKOK, June 23, 2022 /PRNewswire/ -- Sparked by the global pandemic, the Great Resignation has been happening in Thailand for the past two years and will only intensify in 2022. There has been a wave of resignations in Thailand with a large portion (37%) of employees who have been at their current jobs for not more than two years and a significant 81% of employees looking for new career prospects over the next six months.
Professional recruitment services firm, Michael Page Thailand, launched the 'Talent Trends 2022 Report', titled 'The Great X' which features prominent employment insights.
While salaries and bonuses are still top motivators for candidates, the survey shows a swing towards non-monetary benefits. A significant 69% of respondents in Thailand are willing to forgo pay rise and/or promotion for better work-life balance, overall well-being, and happiness.
Kristoffer Paludan, Regional Director of Michael Page Thailand, says, "Companies starting their digital transformation may find the learning curve steep. However, the pay-off is worth it in the long run. Embracing digital tools will be crucial in a world where remote-working has become the norm. Companies that have embraced digitisation have the advantage in a competitive talent landscape, as they will no longer be restricted by geography when hiring."
As economies improve, companies cannot underestimate the psychological effect that merging "work" and "personal" life has had over the past two years. 82% of respondents want a hybrid work arrangement between working from home and the office.
In addition, 61% of professionals in Thailand have asked or will consider asking about a company's DE&I policy at interviews and 33% say the lack of clear DE&I commitment would stop them from actively pursuing a job opportunity.
The pandemic has also shifted priorities, 70% of candidates believe that mental health and well-being should play a part in employee performance and appraisals. Companies must create a positive culture in which employees at all levels feel appreciated.
A significant number of employees has been found to not feel supported at work. 52% of respondents say that their workload has increased compared to before COVID-19. 86% believe that their company does not take active steps to ensure work-life balance. Companies need to change things and help employees work more efficiently.
SOURCE Michael Page
Get a daily dose of Asia Pacific Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Asia Pacific Star.
More InformationBEIJING, China: China's national soccer team may struggle to stir excitement, but its humanoid robots are drawing cheers — and not...
]LONDON, U.K.: A World Health Organization (WHO) expert group investigating the origins of the COVID-19 pandemic released its final...
FRANKFURT, Germany: Germany has become the latest country to challenge Chinese AI firm DeepSeek over its data practices, as pressure...
BANGKOK, Thailand: This week, Thailand implemented land border restrictions, including a ban on tourists traveling to Cambodia, as...
Aluminum, copper and nickel shipments have surged this year, according to trade data Beijing has increased purchases of Russian metals...
New Delhi [India], July 1 (ANI): The Ministry of External Affairs on Tuesday announced the appointment of Jayant Khobragade of the...
NEW YORK, New York - Global stock indices closed with divergent performances on Tuesday, as investors weighed corporate earnings, central...
TORONTO, Canada: Canadian Prime Minister Mark Carney announced late on June 29 that trade negotiations with the U.S. have recommenced...
Vancouver, Canada: A high-stakes legal showdown is brewing in the world of athleisure. Lululemon, the Canadian brand known for its...
LONDON, U.K.: British oil giant Shell has denied reports that it is in talks to acquire rival oil company BP. The Wall Street Journal...
NEW YORK, New York - U.S. stock markets closed firmly in positive territory to start the week Monday, with the S&P 500 and Dow Jones...
WASHINGTON, D.C.: On Friday, President Donald Trump announced that he was halting trade discussions with Canada due to its decision...