{"id":3898,"date":"2023-11-30T11:13:32","date_gmt":"2023-11-30T03:13:32","guid":{"rendered":"https:\/\/www.pacificprime.hk\/blog\/?p=3898"},"modified":"2023-11-30T11:18:45","modified_gmt":"2023-11-30T03:18:45","slug":"hong-kong-workforce-concerns","status":"publish","type":"post","link":"https:\/\/www.pacificprime.hk\/blog\/hong-kong-workforce-concerns\/","title":{"rendered":"The 5 Key Concerns of the Hong Kong Workforce"},"content":{"rendered":"

The world continues to shift and adapt to the ongoing challenges, influencing the way we live, interact, and work with one another. While this is expected to continue in the coming years, businesses are offered the opportunity to take the necessary actions to better align and unite their workforce.\u00a0<\/span><\/p>\n

According to a <\/span>PwC survey conducted on 53,912 employees across 46 countries and territories<\/span><\/a>, the key concerns of the Hong Kong SAR workforce emphasize the importance of hybrid work, the impact of AI, the importance of upskilling, self-representation, and sustainability.\u00a0<\/span><\/p>\n

This <\/span>Pacific Prime Hong Kong<\/span><\/a> article will provide an overview of what employers should be aware of with regard to the concerns of the workforce in Hong Kong, the backdrop on which this will play out, and the way forward.\u00a0<\/span><\/p>\n

1. The Future of Work and the Hybrid Way Forward<\/strong><\/h2>\n

With the abundance of data and the interconnectedness of our networks, working from a traditional office space is becoming less and less common. Companies have now begun to allow their employees to step away from their cubicles, which has resulted in greater autonomy and productivity.\u00a0<\/span><\/p>\n

According to the survey, around 77% of the workforce in Hong Kong prefers a hybrid work model over working remotely or on-site full-time. With this data in mind, employers can plan ahead and implement hybrid working models as a means of increasing employee attraction, retention, and satisfaction.\u00a0<\/span><\/p>\n

2. The Impact of AI on Jobs and the Hong Kong Workforce<\/strong><\/h2>\n

Artificial intelligence will continue to transform the job market and introduce new jobs with less routine work and more strategic output. By 2030, we can expect 20-50 million new jobs driven by AI in various sectors.\u00a0<\/span><\/p>\n

In Hong Kong, 44% of employees strongly believe that AI helps to improve their productivity at work, with 30% trusting AI to offer greater opportunities for skill development. As a result, Hong Kong employers should actively seek ways to use AI in their daily operations and involve their staff.\u00a0<\/span><\/p>\n

3. The Necessity for Growth and Upskilling\u00a0<\/strong><\/h2>\n

As technology continues to set a new bar for entry-level work, the standard practices in various industries, and the level of IT literacy for day-to-day operations, it is the responsibility of employers to provide their staff with ample opportunities for skill and career development.\u00a0<\/span><\/p>\n

In Hong Kong, only 29% of employees feel that they have adequate opportunities to learn and showcase their skills. When compared to other APAC countries (48%), Hong Kong’s employees are clearly not being given the opportunity to reach their full potential.<\/span><\/p>\n

This requires more effort on the part of employees to support their long-term growth and development. In the future, employers may consider implementing the following schemes to enable upskilling:<\/span><\/p>\n