Employers in Hong Kong need to rework their human capital strategies if they wish to successfully integrate younger employees in their workforce.
According to Randstad Hong Kong’s Workmonitor survey, only 50% of staff in the country believe their bosses are prepared to meet the demands of Generation Z employees.
The report, which surveyed over 400 respondents in the nation, stressed the above figure was a concern as the next generation of workers – aged between 14 to 19 years – dominate social commentary in Hong Kong.
“Upward mobility for Generation Z has been a hot topic across Hong Kong recently,” Peter Yu, director of Randstad Hong Kong, said.
“To keep this generation engaged, employers will be expected to provide rapid advancement opportunities, while 75% of current employees expect them to demand greater work-life balance than older generations. To successfully integrate Generation Z into the workplace, employers need to understand their motivations, strengths and weaknesses, while balancing the needs of each generation which all have diverse perspectives, skill sets and work styles.”
The report also found only a minority of professionals in Hong Kong believed they can learn significant skills from Gen Zs.
While 66% of current employees in Hong Kong acknowledged Gen Zs are technology savvy and will be essential in driving innovation, less than half (47%) stated they can learn a lot from Gen Zs on the use of technology.
This percentage was far behind their regional counterparts in India (86%), China (75%), Malaysia (74%), Singapore (68%), New Zealand (63%) and Australia (62%).
“To maximise productivity in a multi-generational workforce, employers should promote mentorship so that older workers can coach younger colleagues and pass on knowledge and leadership skills, while employees from the younger generations should be encouraged to share fresh perspectives, teach new skill sets and cross-pollinate ideas with older workers,” Yu said.
“With so many generations working closely together, this opens up opportunities for greater collaboration, robust discussions that spark innovative ideas and more importantly – it may prevent any skills gaps in the workplace and help build a solid leadership pipeline.”