Empowering The Workplace – Deacons

The Deacons’ Empowering The Workplace: Mordernising corporate culture to position Hong Kong for success report studies the gap between Hong Kong employees and employers perception about workplace culture, company policies and visions. The data from this report was collected from more than a thousand employees and HR executives in Hong Kong.

Some main findings from this report include:

  • 80% of workers thinks that retention, profits and productivity can be improved by having a positive work culture. More than half of employers believes that their organisation has a collaborative culture. However, half of the employees claim that their work culture need to be more collaborative.
  • Long working hours and domineering senior management team are areas that Hong Kong professionals are most worried about.
  • 25% of surveyed employees say that it is necessary for their organisation to develop more formal policies. More than half of employees rated the fear of speaking up within their organisation is one of their top concerns. The most commons reasons for this include fear of losing their job, bad influence to their career progression or fear of not being believed by others.
  • The majority of both employees and employers in Hong Kong think that it is the CEO’s responsibility to develop and enhance the culture of the organisation.
  • 45% of surveyed organisations claimed that they would use outsourced legal services for developing culture-related policies. While most organisations ranked HR is the second most important departments in developing workplace culture, employees rated this as the least important in their top five. However, both groups agreed that Senior Management plays the most important role in this process.
  • In general, employers and employees have some gap in their perceptions of the level of employee’s understanding of companies’ policies.
  • Most surveyed professionals agreed that they would leave or stay with an employer depends on how much they get paid.
  • Generation Z values health and safety the most while Salary is the most important attribute to the other age groups.

Full report here.