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What’s Working™ Around the World
Asia Pacific regional summary
In a time when most of the world’s economies
are under tremendous pressure, most Asia Pacific
markets continue to excel. Across the region,
with few exceptions, currencies remain strong,
financial systems are intact, and GDPs are solid.
At the same time, economic success has bred
unprecedented talent concerns that are perplexing
organizations and putting employees in command.
With strong growth, companies are finding
it difficult to attract, motivate and retain key
employees, who are enjoying the position of being
in short supply and high demand. The current
situation in the Asia Pacific region is full of
contradictions, which organizations are finding
difficult to resolve. Among the top contradictions:
• Strong growth has led to wage inflation,
employees who are setting the terms, and
increased demand for talent, which
threaten growth.
• Overall, employees are satisfied with many
aspects of their work, yet an increasing
percentage wants to leave.
From Mercer’s
What’s Working™
survey, six
overarching trends have surfaced, which help to
paint a clear picture of current talent challenges in
the Asia Pacific region. These are outlined below:
•
Generation X, the forgotten segment:
Sandwiched between Generation Y and baby
boomers, Generation X comprises the bulk
of the managerial ranks and future senior
leaders. However, organizations recently have
focused on the younger and older workers. Are
Percentage of employees seriously considering
leaving their organization
0%
20%
40%
60%
0
20
Australia China Hong Kong India Singapore
40%
34%
39%
54%
42%
Source: Mercer’s
What’s Working™
survey