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 Philippine Times 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 Philippine Times.
More InformationWASHINGTON, D.C.: The U.S. Justice Department is investigating Andrew Cuomo, the former governor of New York and a top candidate for...
WASHINGTON, DC - U.S. President Donald Trump re-ignited his trade war on Friday with an extraordinary attack on the European Union...
ATLANTA, Georgia: A judge in Georgia has ruled that Delta Air Lines can continue most of its lawsuit against the cybersecurity company...
WASHINGTON, D.C.: U.S. senators from both parties introduced a bill this week aimed at countering China and Russia's growing influence...
NEW YORK CITY, New York: Officials are investigating why a Mexican Navy training ship hit the Brooklyn Bridge on May 17, breaking the...
WASHINGTON, D.C.: The U.S. Department of Justice wants to merge two of its agencies — the Drug Enforcement Administration and the Bureau...
GOTHENBURG, Sweden: Volvo Cars is stepping up its collaboration with Google to become the lead development partner for Android automotive...
NEW YORK, New York - U.S. stock markets fell Friday as President Donald Trump launched an extraordinary attack on the European Union,...
SAN FRANCISCO, California: Levi Strauss is parting ways with Dockers. The denim giant announced this week that it will sell the Dockers...
OTTAWA, Canada: Canada's inflation picture became more complicated in April, with headline inflation easing but core measures ticking...
NEW YORK, New York - U.S. stocks had a volatile day on Thursday after the House of Representatives narrowly passed President Donald...
ATLANTA, Georgia: Home Depot plans to hold prices steady despite the added strain of tariffs, the company said, but warned that some...