Retaining talent a key concern

10/30/15

Permalink 10:15:50 am, by dacare, 278 words, 363 views   English (US)
Categories: News of China, Opinion and View

Retaining talent a key concern


An applicant talks to hiring staff at a job fair

Employers in China are the most worried about retaining talent among major global economies while the employees are the most concerned about salaries and health, a Metlife report has said.

The U.S.-based life insurance company said that 47 percent of employers in China are worried that talent shortages will affect their business in the next 12 months, and 71 percent said that retaining existing talent is difficult, the highest among 11 countries and regions where the survey is conducted.

The study found that while raising salaries remain the most effective way in retaining talent in China, 58 percent employees said they will stay with their company if an improved benefits package is offered.

Medical-related benefits are the most sought after benefits, followed by life insurance and retirement plans even if employees have to pay the full costs, it said.

"Globally, we are seeing employers increasingly challenged to find innovative ways to attract, retain and engage talent, and China is no exception," said Maria Morris, executive vice president, Global Employee Benefits, MetLife. "We found Chinese employees are more concerned about healthcare than many mature markets such as the U.S., and we expect fast growth of group insurance market in China throughout the healthcare, life insurance, and pension sectors."

Compared with the U.K. and Russia, Chinese employees are less obsessed with cash incentives, Morris added.

It is the first time Metlife include the Chinese market into its global Employee Benefit Trends Study as the insurer noticed huge potential of employment benefit market driven by domestic and multinational companies demands to retain talent.

The China survey covers nearly 393 employers and 367 full-time employees.

Sponsor Link: The leading executive search firm in China

Pingbacks:

No Pingbacks for this post yet...

China Job Links:

China Recruitment Agency
Leading executive search firm in China
1000+ executive search cases

China Payroll & Benefits Services
Payroll & Benefits local Chinese hire
Setup your operation fast and cheap
China Job Openings - LinkedIn
Join #1 LinkedIn China Career Group
Find more Chinese jobs and talent

WeChat: China_Jobs
Scan our qrcode
WeChat: China_Jobs
 
feedsky
my yahoo
google reader
my yahoo
bloglines
哪吒

Misc

XML Feeds

What is RSS?

Who's Online?

  • Guest Users: 38

powered by b2evolution free blog software