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Scope and Methodology
1. Objective
The aim of this survey is to collect information about the impact of financial tsunami to job seekers. We investigated the changes of job- hunting intention of job seekers and their reasons for job-hunting. Information on bonus and double pay for 2008 were also collected for analysis. These findings will help:
- Job seekers review their present salaries, and adjust their expected salaries / benefits when they go job hunting.
- Companies make informed hiring decisions, and pay/benefit adjustment on the current staff.
2. Survey Coverage
The survey covered 6511 job seekers from 14 job functions.
3. Datum Point
Present basic monthly salaries (excluding any bonuses, but including commission) of surveyed job seekers as at 1 February 2009 were recorded and adjustment of basic monthly salaries compared with that in 2008 was also captured.
4. Data Collection Method
The survey was conducted by an online questionnaire. Job Seekers were invited to fill in the questionnaire from 16 February to 27 March 2009.
5. Data Analysis
Surveyed job seekers were requested to provide data of their basic monthly salaries as at 1 February 2009, recent salary adjustment, their intentions of changing jobs before and after the financial tsunami and reasons of looking for new jobs.
The data was analyzed to determine the “arithmetic average” for salary adjustment, bonus and double pay received. The upper and lower 5% of the data were being trimmed to avoid the extreme values.
Analysis was conducted to identify any differences that might exist:
- Among 14 job functions
- In intention of changing jobs before and after the financial tsunami
