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 Malaysia Sun 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 Malaysia Sun.
More InformationBANGKOK, Thailand: This week, Thailand implemented land border restrictions, including a ban on tourists traveling to Cambodia, as...
Gurugram (Haryana) [India], June 28 (ANI): Haryana Chief Minister Nayab Singh Saini on Saturday launched a scathing attack on the Congress...
At least 13 soldiers were killed when a suicide bomber rammed an explosive-laden car into a military convoy in northwestern Pakistan....
North Waziristan [Pakistan], June 28 (ANI): Over a dozen soldiers have been killed and several others injured in a suicide attack in...
Chiang Mai [Thailand], June 28 (ANI): After a thumping opening day victory, the Indian senior women's team will look to continue the...
PESHAWAR, 28th June, 2025 (WAM) - Heavy rains and flash flooding across Pakistan have killed 24 people including 12 children since...
SAN FRANCISCO, California: A U.S. judge has dismissed a copyright lawsuit filed by 13 authors against Meta Platforms, the company that...
DUBAI, U.A.E: Oman is set to introduce a personal income tax as part of its strategy to reduce dependency on hydrocarbon revenues....
NEW YORK, New York - U.S. President Donald Trump dropped a bombshell on Friday announcing he had terminated trade talks with Canada....
Federal officials, then-Governor of Indiana Eric Holcomb, union leaders, company representatives, and dozens of guests assembled at...
NEW YORK CITY, New York: New York City's financial markets reacted sharply this week as shares of local banks and real estate investment...
SEATTLE, Washington: U.S. coffee company Starbucks has said it is not planning to sell all of its business in China, even though a...