Most Asians quit over salary issues
Unhappiness over salary is the most important reason for an employee to switch jobs in Asia, a study by a global human resources firm, Hewitt, said on Saturday.
Hewitt Associates’ principal Nishchae Suri said in a presentation on the subject that 70% employees of the best employers see a large correlation between improved performance and high salaries. He said companies are steadily increasing their competitive standing while giving compensation to retain and attract high quality talent.
Seventy three per cent of the employees in Japan, 71% in China, 51% in Hong Kong, 44% in India and 42% in Singapore are unhappy with their pay, the published survey said. Dissatisfaction with compensation averages 54% for Asia as a whole, it reveals.
Pay must not only be fair, but seen to be fair in terms of the job and compared to the pay of other employees, Suri says.