1 in 3 hongkongers want to become entrepreneurs: randstad workmonitor.

Red tapes, long-drawn approval processes and inaccessibility to digital solutions can limit an employee’s potential in their jobs. They are also less tolerated by the younger generations who have high expectations on speed and access.

Randstad Hong Kong’s latest Workmonitor survey revealed that 37% of locally-based respondents are looking to change their jobs to start their own business. This sentiment is highest among younger workers, with close to 1 in 2 workers aged from 18 to 24 years old considering the career path of an entrepreneur.

experiences would enhance your worth to future employers

It should also not come as a surprise that generation-z and millennial employees are keen to be entrepreneurs. With fewer financial liabilities and an eagerness and drive to learn, they have the opportunities to acquire new skills and experiences through slash careers or short stints with exciting start-ups.

Candidates who have varied skills and relevant experiences may be in a better position to negotiate for a better position and salary in the future.

In a year like 2020, employees should stay open to different opportunities, including short-term contract roles to gain experiences on how to navigate a highly volatile climate. These experiences are particularly appreciated by employers, as they would need someone who can get the ground running with less supervision in an ‘all-hands-on-deck’ scenario.

employers will need to tap on young, bright talent to build a future-ready workforce

Hong Kong SAR’s position as the region’s financial hub meant that people tend to gravitate towards careers in finance and corporate businesses. However, this has resulted in a severe shortage of STEM talent in the working population and across all generations.

Generation-Z and Millennial workers have the opportunity to take this lead and drive radical change that will help put Hong Kong SAR on the map. Younger workers can consider filling the skills gap by obtaining a second diploma or professional qualifications in data analytics and programming to enhance their attractiveness to future.