SUBSCRIBE: Newsletter

Human Resources

Toggle

Article

CEB report on China talent trends

The number one reason for attrition in China? 50% say compensation



Gathering 50 top regional chief HR and senior business leaders at a three-day business retreat forum, the exclusive HR Innovation Leaders' Summit will happen from September 9-11. Get involved.

Compensation is the number one factor pushing employees away from their current employers in China, as admitted by close to half of employees (49.2%).

Future career opportunities (or the lack of) comes in a close second as a driver of employee attrition (42.8%), while the related theme of development opportunities comes third at 40.6%.

CEB’s global talent monitor report also found money far and away leading the drivers of employee attraction in the nation, with development and future career opportunities coming in a distant second and third.

To add to employer’s woes, only 7.5% of employees in China exhibit high discretionary effort, or the willingness to go above and beyond their job descriptions.

This is 10% lower than the global average of 17.5%, which includes India, Australia and Germany.

In addition to low discretionary effort, the intent to stay with their current employer among Chinese workers ranks fifth worst out of the six countries surveyed, at just 22.6%.

CEB talent monitor - China stats

Lead image: Shutterstock

Human Resources magazine and the HR Bulletin daily email newsletter:
Asia's only regional HR print and digital media brand.
Register for your FREE subscription now »

Read More News

Trending

Leave a Reply

You must be logged in to post a comment.