In a continuing trend of mismatched salary expectations, Chinese employees expect significant pay increases in 2020, while employers maintain a more measured approach, finds the latest Asia Salary Guide report by leading recruitment experts Hays. Additionally, focus on employee benefits continues to decrease despite emerging as a key element to talent retention when compared to previous years.

While 2019 began as a promising year for recruitment in Asia, the ripple effect of a slowing global economy has seeded uncertainty within the region. This has contributed to a more conservative outlook for hiring and compensation in 2020, finds the latest Asia Salary Guide report by leading recruitment experts Hays. However, both employers and employees in China continue to maintain comparatively high expectations for increments in 2020 comparing to Asia counterparts, albeit alongside growing concerns over skill shortages.

For the second year running, a global survey by recruiting experts Hays has revealed that men are more likely than women to believe their employer is committed to achieving gender equality in the workplace.

As the rate of technological change advances, it’s becoming increasingly important for professionals to learn coding to future proof their careers and plug existing skills gaps, says recruiting experts Hays.

Gamification has the potential to help organisations with employee participation and motivation, but some businesses are struggling to put it into effect, says recruiting experts Hays.

Senior and line managers are primary stakeholders of a company’s Diversity & Inclusion (D&I) agenda, according to Sophia Leung, Chief Information Officer for J.P. Morgan in APAC. The statement came after J.P Morgan was named ‘Employer of the Year’ at the Women in IT Awards Asia held in Singapore earlier this year, of which Hays was a proud sponsor.

Would you rather your boss praised your successes or offered you unwanted perks? According to recruiting experts Hays, most employees prefer the former, which is why organisations could forgo headline-grabbing perks in favour of a simple ‘thank you’ and recognition for a job well done.

Marked by continued digital innovation, business transformation and a slowing global economy, 2020 is lining up to be a year that will be as full of challenges as it will opportunities. One of the major effects of these market conditions in Asia will be slower and more cost-effective hiring processes across industries and functions – meaning that it has become more important than ever for candidates to be able to ‘prove their worth’ as the right fit for a role.

The average working age is increasing across the globe and as a result, employers should embrace the benefits of a more mature workforce, says recruiting experts Hays.

Hays was awarded the titles of “Best Workplace™ for Women” and as one of the “Best Workplaces™” in Greater China 2019 by Great Place to Work®, a global authority on workplace culture on the evening of December 5th, 2019 in Shanghai.