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CHINA: "Autos/Trucks: China Auto Demand Stable, While Trucks Remain Pressured" report

CHINA: "Autos/Trucks: China Auto Demand Stable, While Trucks Remain Pressured" report. 9-page report by BAIRD.

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back to index backASIAtalk June,  2017


Automation leaves one in five Asians concerned about job security

Nearly one in five (17.3%) employees in Singapore, Hong Kong and Malaysia fear that automation will take their jobs away, according to Randstad’s Employer Brand Research.

Singapore (19%) and Hong Kong (20%) employees held the highest fears of losing their jobs to automation. Malaysian employees, on the other hand, held a much more relaxed sentiment with only 13% of employees having fears around automation and their job security.

The prospect of losing their jobs to automation did not dampen their prospects, as over six in ten employees said they would be happy to retrain into a new role provided that their salaries would remain the same or higher than before.

Singapore and Malaysia employees were the most open to retraining with 72% and 70% stating so respectively, whereas only 52% of Hong Kongers felt the same way. On the opposite end, one in ten said they would rather move a different company than retrain.

Despite fears of automation taking jobs away, a large group of employees feel that automation will, in fact, make their jobs better. Nearly half, 45% of employees in Singapore, Hong Kong and Malaysia held a positive outlook on automation with Malaysian employees being the most optimistic (51%) and Hong Kong employees being the most pessimistic (39%).

One-third of all employees in each market actually expressed indifference towards automation and stated that they felt it would have no effect on their jobs. A further one in five stated that they could not imagine technology taking away their jobs.

Michael Smith, Managing Director, Randstad Singapore, Hong Kong and Malaysia, noted, “Through discussions with senior leaders from varying industries, we’ve seen that many organisations are in the midst of executing digital strategies incorporating automation into their daily business operations - including Randstad.

“With many employees are already experiencing some level of automation being integrated into their daily work lives, it’s clear why nearly half of employees in the region feel that automation will make their jobs easier.”

At HRM Asia's upcoming Smart Workforce Summit taking place 19 to 22 September this year, professionals can learn how to master and use technology to their advantage in the changing business landscape.

The summit will explore evolving workforce trends, while showcasing the skills, technologies and strategies required to keep up with the pace of change and drive this evolution forward.

Source: HRM Asia - GAI





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