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deficit:
Nov 2012
Will the economy dip again? This is the question on the minds
of employers and employees alike throughout Asia, raising
fears of a repeat of 2009 a year of declining sales, tight
credit, and worst of all, staff reductions.
The fallout is that employees in Asia are working harder and
longer hours, having to achieve higher targets, often with
fewer resources.
A 2012 Hay Group study on employee engagement trends
concluded that more than a third of employees across the
world are unwilling and unable to go the extra mile for their
organization and company loyalty is at a five-year low.
The outlook in Asia is no better. Given the chance, one in
two employees will leave their jobs. The only other region
in the world faring worse in terms of loyalty than Asia is the
Pacific at 45 per cent.
With uncertain times ahead, how to do we re-engage
disenfranchised employees such that they become effective
again? This is the biggest people challenge for senior leaders
in 2013.
Startling statistics
In Asia, employee engagement (which represents employees willingness to go the
extra mile) rose by one percentage point to 63 per cent, but this is still below preglobal financial crisis levels (Figure 1).
STAGNATING
FALLING
63%
69%
EUROPE
NORTH
AMERICA
64%
MIDDLE
EAST
73%
63%
ASIA
63%
PACIFIC
SOUTH
AMERICA
66%
GLOBAL
This map outlines the latest findings from Hay Group's comprehensive database, and is supplemented
This map outlines the latest findings (2011) from Hay Group's comprehensive database, and is supplemented with analysis of the data trends over five years.
with
analysis of the data trends over five years.
Disloyally yours
Our research highlights that globally, loyalty stands at a low 57 per cent, with Asia
ringing in even lower at 50 per cent (Figure 2).
STAGNATING
FALLING
58%
62%
EUROPE
52%
NORTH
AMERICA
MIDDLE
EAST
58%
50%
ASIA
45%
PACIFIC
SOUTH
AMERICA
57%
GLOBAL
This map outlines the latest findings from Hay Group's comprehensive database, and is supplemented
This map outlines the latest findings (2011) from Hay Group's comprehensive database, and is supplemented with analysis of the data trends over five years.
with analysis of the data trends over five years.
Beyond engagement
Engagement alone is not sufficient to keep employees mentally in the office; support
for success is a crucial component of an employees effectiveness.
are willing to put into their work and the level of support
available to help them excel. For organizations looking to
harness the full productivity of their workforce, leaving this
pool of motivation untapped is clearly a wasted opportunity.
To truly drive productivity, business leaders must understand
the role they have to play in enabling high levels of
performance removing the barriers that are holding their
employees and their organizations back.
The situation in Japan can only be described as unique.
Companies here are doing all they can to enable their
employees to succeed and in return, employees are rewarding
companies with their loyalty and discretionary effort. In
particular, companies have done well in terms of removing
red tape and optimizing roles. However, employees still
feel that companies can do more to create a supportive
environment, observed Hisako Kobayashi, Senior
Consultant, Hay Group Insight, Japan.
Gaurav Lahiri, General Manager for Hay Group India
added, It is a worrying sign that Indian organizations,
despite averaging higher engagement levels than the Asia
average, find that only 40 per cent intend to remain loyal to
their present organizations in the next five years. Frustrated
employees are unlikely to persist over the long-term in
this state. Clearly, the opportunities currently available
for organizations to improve the bottom line by actively
engaging the workforce has never been so good and the
time to act is now.
1 Typhoid Mary, or Mary Mallon, was a cook in New York in the early part of the twentieth century. She was a carrier of the typhoid pathogen. While she
displayed no symptoms of the disease, she was able to infect people she had contact with. In the context of an organization, a Typhoid Mary is the employee
who spreads toxic feelings and dissatisfaction to everyone else.
2 A voluntary attrition rate of 8 per cent is a very conservative estimate by Asias standards, except perhaps in Japan.
STAGNATING
FALLING
64%
68%
EUROPE
NORTH
AMERICA
64%
MIDDLE
EAST
69%
66%
ASIA
65%
PACIFIC
SOUTH
AMERICA
66%
GLOBAL
This map
latest
findings
from
Haycomprehensive
Group's comprehensive
database,
andofisthesupplemented
Thisoutlines
map outlinesthe
the latest
findings
(2011) from
Hay Group's
database, and is supplemented
with analysis
data trends over five years.
with analysis of the data trends over five years.
employees will not have the skills they need to keep up with
changing work demands.
Fix: Remember that the skills and knowledge that made an
employee successful in the past might not be what makes
him or her successful today. Treat training as a continuous
process.
Contact us
ASEAN
Dr Stephen Choo
Director, Insight (ASEAN)
E| Stephen.Choo@haygroup.com
China
Henry Sheng
Head of Productized Services
E| Henry.Sheng@haygroup.com
India
Amer Haleem
Country Manager, Productized Services
E| Amer.Haleem@haygroup.com
Japan
Mikito Ichikawa
Head of Hay Group Insight
E| Mikito.Ichikawa@haygroup.com
Hisako Kobayashi
Senior Consultant
Hay Group Insight
E| Hisako.Kobayashi@haygroup.com