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1、Is a 4-day work week Asias next bet for productivity and talent retention?Global Talent SolutionsIs a 4-day work week Asias next bet for productivity and talent retention?IntroductionThe concept of work has undergone profound re-evaluation in recent years.During the pandemic,companies adapted to loc

2、kdowns and social distancing measures with a variety of virtual tools and flexible work arrangements.This has opened up the workforce to alternative work models such as the 4-day work week.Known for its rigorous work culture,the Asian region has seen many conversations around productivity and work-l

3、ife balance as its workforce adjusted to new norms and standards.Flexible and hybrid work initiatives are now a mainstay across many markets in the region,but are shorter work weeks on the horizon for Asia?As businesses navigate rising costs and an ever-changing labour market,can a 4-day work week i

4、mprove both employee well-being and productivity?For companies in growth sectors,will it help attract and retain talent in a competitive market?With the concept of a 4-day work week now more familiar,were checking in with talent and organisations to find out how they feel about it.In this report,div

5、e in deep with us as we speak to professionals and employers across Asia to harness insights into a 4-day work week.Is a 4-day work week Asias next bet for productivity and talent retention?MethodologyRobert Walters surveyed over 5,000 professionals and companies across 11 Asian markets(Hong Kong,In

6、donesia,Japan,Mainland China,Malaysia,Philippines,Singapore,South Korea,Taiwan,Thailand,Vietnam).Conducted over a period of 6 weeks in March and April 2024,the survey aimed to uncover perceptions about the 4-day work week and its potential impact on talent and organisations in Asia.We sought to unde

7、rstand how respondents perceive the benefits and challenges of adopting a shorter work week in the region.2OverviewGreater ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias next bet for prod

8、uctivity and talent retention?ContentsOverview-AsiaGreater ChinaHong KongMainland ChinaTaiwanNorth East AsiaJapanSouth KoreaSouth East AsiaIndonesiaMalaysiaPhilippinesSingaporeThailandVietnamIs a 4-day work week Asias next bet for productivity and talent retention?3OverviewGreater ChinaTaiwanMainlan

9、d China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retention?Overview-AsiaIs a 4-day work week relevant to Asia?The answer to that depends on who youre speaking to.Whats ho

10、lding them back?Each subregion in Asia has distinct considerations around a shorter work week.89%of professionals want a trial66%of employers find the concept feasible,and25%of them have plans,or are likely to trial or transition to a 4-day work weekAcross Asia,the majority of employees are interest

11、ed in trying out a shorter week,and for the most part,businesses find the idea plausible too.However,theres a considerable gap between intention and action.Few employers are taking definitive steps towards implementing or experimenting with this work model.More stress as workload remains the same Pr

12、efer splitting workload across 5 days Possible pay reduction 68%39%36%Incurring higher business costs(due to increased hiring or project delays)Bad customer experience(as customers might not be able to reach staff)Difficulty in implementing across the entire office,resulting in employee unhappiness

13、57%56%42%Meanwhile,some of the top concerns that came up for businesses were:Across the board,employees say they worry about:4OverviewGreater ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asia

14、s next bet for productivity and talent retention?Still,talent and organisations are on the same page about the benefits of a 4-day week.Both businesses and workers believe it could raise productivity levels,though this tends to be secondary to the perceived impact on employee well-being and work-lif

15、e balance.The 4-day work week:Is Asia ready for it?Top reasons why professionals want to try a shorter work weekTop reasons why businesses are interested in a shorter work week Work-life balance85%Save on commuting costs27%More time for family49%4 days is more than enough for my current workload23%T

16、o raise productivity48%Improved employee well-being 78%Enhanced talent attraction and retention 70%Improved employee productivity levels 67%Better environmental sustainability(from carbon footprint reductions)30%Is a 4-day work week Asias next bet for productivity and talent retention?5OverviewGreat

17、er ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retention?The 4-day work week is a significant force in talent attraction and retentionWhich non-mon

18、etary initiative would businesses look to improve or implement to attract and retain talent?4-day work weekLearning and developmentEmployee well-being(e.g.mental health support)Equity,diversity&inclusion Environmental,social&governance/Corporate social responsibility 32%30%29%6%3%6OverviewGreater Ch

19、inaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retention?How does interest in a 4-day work week vary across professionals in Asia?Most employers find a

20、4-day week possible,but its taking time for the concept to catch onWould you like your employer to implement a 4-day work week trial?Do employers think a 4-day work week is a feasible concept?Greater ChinaGreater ChinaNorth East AsiaNorth East AsiaSouth East AsiaSouth East AsiaHong KongMainland Chin

21、a TaiwanHong KongMainland China TaiwanJapanSouth KoreaJapanSouth KoreaIndonesiaMalaysiaPhilippinesSingaporeThailandVietnamIndonesiaMalaysiaPhilippinesSingaporeThailandVietnam94%66%94%79%95%77%93%69%85%56%85%72%93%60%89%75%88%64%88%54%90%74%7OverviewGreater ChinaTaiwanMainland China South KoreaSouth

22、East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retention?Greater China Compared to other subregions in Asia,the transition to a 4-day work week is less likely to take place soon for Greater Chi

23、na.There is a strong appetite for a 4-day work week here,with 92%of professionals eager to adopt such a schedule a proportion second only to South East Asia by a narrow margin.Most companies also believe in the potential of a compressed week,but are hesitant about making definitive plans to move ahe

24、ad to this work model.92%67%55%66%23%of professionals want a trial,andof employers find the concept feasible,andof them feel it can increase productivity levelsof them feel it can increase productivity levelsof them have plans,or are likely to trial or transition to a 4-day work week Is a 4-day work

25、 week Asias next bet for productivity and talent retention?8OverviewGreater ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retention?Key factors that

26、influence talent and organisationsThe benefits of a 4-day work week are not lost on employers in Greater China,and they are relatively open to exploring a range of flexible work arrangements though more so for talent attraction and retention than to raise productivity levels.Business costs appear to

27、 be the greatest barrier against a shortened work week.The 4-day work week:Is Asia ready for it?Professionals here arent after work-life balance just for the sake of it.Compared to other subregions,Greater Chinas employers scored the highest on all these metrics:want more time with their familiesbel

28、ieve a shorter week could lead to increased productivityPay reductions are a notable concern here,and there is a sense that the work model is not possible in certain lines of work Replacing work hours with additional 2 hours a day across the work week58%55%38%68%“Done thoughtfully,reduced hours and

29、flexible work models can be mutually beneficial for both employees and employers.Businesses can actively involve their employees to design work arrangements that enhance productivity and wellness,while still enabling everyone to stay on track with the organisations larger business goals.”Jeremy Samp

30、sonCEORobert Walters North East Asia&Greater China64%are worried a shorter work week would incur higher business costs41%of those who find a shortened work week feasible would implement it to improve talent attraction and retention75%see talent attraction and retention as the biggest benefit from th

31、is work model39%are open to introducing flexible work hours on FridaysIs a 4-day work week Asias next bet for productivity and talent retention?9OverviewGreater ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4

32、-day work week Asias next bet for productivity and talent retention?Hong Kong Nowhere in Greater China is there more zeal for a shortened work week than in Hong Kong.However,just like the rest of the region,a lower proportion of employers find such a work model feasible.Two-thirds of such employers

33、feel that a shorter work week can boost productivity levels,and even fewer have plans to implement it.94%66%48%45%47%of professionals want their employers to implement a 4-day work week trial,andof employers consider the 4-day work week a feasible concept,andof them feel it can increase productivity

34、 levelsof them feel it can increase productivity levelsof them are unlikely to trial or transition to a 4-day work week in the next 1 2 yearsIs a 4-day work week Asias next bet for productivity and talent retention?10OverviewGreater ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSing

35、aporeThailandVietnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retention?What professionals think of a 4-day work weekTop reasons for wanting a trialTop concerns against a trialWork-life balanceMore time for familyTo raise productivi

36、tyConsistent with the rest of Greater China,Hong Kong professionals want a 4-day work week to improve their work-life balance,have more time with family and to raise productivity.Doubts around the work model center on the stress of managing the same workload across a shortened week,and reduced pay.I

37、t is also the only market in Asia that raised increased workloads(due to covering less productive colleagues)as a significant concern.89%61%48%More stressful as workload remains the sameWorkload increases from need to cover colleagues who are less productive Possible pay reduction 59%47%41%11Overvie

38、wGreater ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retention?What employers think of a 4-day work weekGiven that the 4-day work week is such a de

39、sirable arrangement for so many professionals,companies in Hong Kong are sold on the benefits that a 4-day work week can have on talent attraction and retention,more so than on employee well-being or productivity.27%of employers who are keen on the concept report that they are keen to implement it a

40、s a way to recruit and maintain a skilled workforce.Although a reasonable number of employers believe the concept could work,the market is still more unlikely to run a trial or transition soon until they address the financial implications involved in such an arrangement.Among employers who find the

41、concept feasible,how likely are they to run a pilot or transition to a 4-day work week within the next 1 2 years?10%30%11%13%36%Very likely/Plans are underwayUnsureVery unlikely Somewhat likely/Plans being discussed,but nothing concrete UnlikelyThey find it viable because of.They are most worried ab

42、outEnhanced talent attraction and retentionIncurring higher businesscosts(due to increased hiringor project delays)94%65%12OverviewGreater ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias n

43、ext bet for productivity and talent retention?When professionals apply for a new jobGiven the enthusiasm for a 4-day work week,its no surprise that Hong Kong professionals are very likely to apply to companies that offer it-and they are even willing to give up work interactions,hybrid work and train

44、ing opportunities for it.Where they are less likely to budge is with their overall compensation package and allotted vacation time.In exchange for a 4-day work week with full pay,professionals are:Very likely1006080401090507030200Somewhat likelyUnlikelyUnsureVery unlikelyLikelihood of applying to a

45、company with a 4-day work week?Most appealing benefits in a new job opportunity:4-day work week with full pay Pay increment Work from anywhere 41%37%20%Least willing to accept:Reduction in vacation leaves 22%Most willing to give up:Work social events 58%Training opportunities 42%Hybrid work48%1%1%4%

46、18%76%Is a 4-day work week Asias next bet for productivity and talent retention?13OverviewGreater ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent reten

47、tion?Other flexible strategies for talent attraction and retentionInstead of a fixed 4-day work week,37%of employers would consider implementing more flexible work hours on Fridays.At present,companies are less prepared to introduce initiatives related to work schedules,preferring to attract and ret

48、ain talent through well-being initiatives instead.Other work models employers are open to:More flexible working hours on Fridays 4-day work week on last week of the month Offering shorter working hours over a 5-day work week None at the moment 4.5-day work week Work additional 2 hours a day across a

49、 4-day work week 37%13%8%28%8%6%Is a 4-day work week Asias next bet for productivity and talent retention?14OverviewGreater ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias next bet for pro

50、ductivity and talent retention?“The shift towards flexible work arrangements doesnt always entail ramping up hiring volumes.Instead,it calls for a smarter approach to workforce planning.Collaborate with trusted talent experts to refine your hiring strategy and work out how you can create a lean,yet

51、productive workforce to meet the needs of your business.”John MullallyManaging DirectorRobert Walters Hong KongNon-monetary initiatives employers would improve or implement to attract and retain talent:Well-being initiatives like mental health support Learning and development programmesEnvironmental

52、,social and governance/Corporate social responsibility Equity,diversity and inclusion 37%22%8%6%Is a 4-day work week Asias next bet for productivity and talent retention?15OverviewGreater ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJ

53、apanIndonesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retention?Mainland ChinaEven though the vast majority of Mainland Chinese professionals are intent on trialing a 4-day work week and would readily apply to companies offering this model,many of them are fearful of p

54、ay reductions and doubtful that it is feasible in their line of work.Additionally,within the Greater China region,the market also has the fewest employers who believe that a 4-day work week is feasible,with about two-thirds of such employers believing it could benefit their teams productivity.93%60%

55、59%64%43%of professionals want their employers to implement a 4-day work week trial,andof employers consider the 4-day work week a feasible concept,andof them feel it can increase productivity levelsof them feel it can increase productivity levelsof them are unlikely to trial or transition to a 4-da

56、y work week in the next 1 2 yearsIs a 4-day work week Asias next bet for productivity and talent retention?16OverviewGreater ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias next bet for pr

57、oductivity and talent retention?What professionals think of a 4-day work weekTop reasons for wanting a trialTop concerns against a trialWork-life balanceTo raise productivity More time for family Above all,Mainland Chinese professionals believe that a 4-day work week trial could give them better wor

58、k-life balance.Other popular reasons for wanting the trial include boosting productivity and carving out more time with family.Notably,52%of talent the highest proportion in Asia feel that such a work model is not possible in their line of work.In contrast with the rest of the region,talents here ar

59、e also most worried about pay cuts from a reduced work week,and a sizable 38%of employees reported wanting to spend more time at work to advance their careers.93%59%51%More stressful as workload remains the sameNot possible in line of work Possible pay reduction 62%52%48%17OverviewGreater ChinaTaiwa

60、nMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retention?What employers think of a 4-day work weekEmployers in Mainland China recognise the benefits of a 4-day

61、work week with 43%of those who find the concept feasible saying its a model they would tap on to appeal to their prospective and existing talent.But ultimately,the market is still wrestling with the business costs that could be incurred to make this work arrangement a reality.Among employers who fin

62、d the concept feasible,how likely are they to run a pilot or transition to a 4-day work week within the next 1 2 years?6%31%7%20%36%Very likely/Plans are underwayUnsureVery unlikely Somewhat likely/Plans being discussed,but nothing concrete UnlikelyThey find it viable because of.They are most worrie

63、d aboutEnhanced talent attraction and retentionIncurring higher businesscosts(due to increased hiringor project delays)65%71%18OverviewGreater ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asi

64、as next bet for productivity and talent retention?When professionals apply for a new jobAgainst other markets in Asia,Mainland Chinese professionals are among the most certain to apply to companies that offer a shortened work week,but salaries also play a critical role in their career decisions.Loca

65、tion independence and work interactions are less of a priority.In exchange for a 4-day work week with full pay,professionals are:Very likely1006080401090507030200Somewhat likelyUnlikelyUnsureVery unlikelyLikelihood of applying to a company with a 4-day work week?Most appealing benefits in a new job

66、opportunity:4-day work week with full pay Pay increment Work from anywhere 45%41%11%Least willing to accept:No annual bonus or smaller pay raises21%Most willing to give up:Work social events 56%Standard work hours,and instead extend each day in the shortened week by 2 hours 46%Hybrid work40%2%2%5%7%

67、84%Is a 4-day work week Asias next bet for productivity and talent retention?19OverviewGreater ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retentio

68、n?Other flexible strategies for talent attraction and retentionWhile Mainland China is less likely to trial or transition to a 4-day work week anytime soon,within Asia,employers here are most receptive to implementing flexible work hours on Fridays.Those interested in this work model may require mor

69、e time to deliberate a potential rollout,working through considerations around the associated business costs and operations.Other work models employers are open to:More flexible working hours on Fridays Work additional 2 hours a day across a 4-day work week Offering shorter working hours over a 5-da

70、y work week 4.5-day work week 4-day work week on last week of the month None at the moment 48%12%7%19%9%5%Is a 4-day work week Asias next bet for productivity and talent retention?20OverviewGreater ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth

71、East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retention?“Creating a workplace with high productivity,competitive compensation,and flexibility integrated into employees schedules may not be an easy feat,but the benefits are well worth the effort.By hel

72、ping employees strike a harmonious balance between their personal and professional aspirations,businesses cultivate a loyal team committed to long-term success.”Sean LiGeneral ManagerRobert Walters Mainland ChinaNon-monetary initiatives employers would improve or implement to attract and retain tale

73、nt:Learning and development programmesWell-being initiatives like mental health support Equity,diversity and inclusion Environmental,social and governance/Corporate social responsibility 35%18%3%1%Is a 4-day work week Asias next bet for productivity and talent retention?21OverviewGreater ChinaTaiwan

74、Mainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retention?TaiwanProfessionals in Taiwan showed great interest in a 4-day work week.However,the proportion of respo

75、ndents who were keen for their employers to trial such a work model fell slightly short of counterparts in other Greater China markets.Despite this,employers in Taiwan seem ready to meet the workforces eagerness head-on.Its percentage of employers who find the 4-day work week feasible is among the h

76、ighest in Asia,and this market also has the highest proportion of such employers who believe a shorter work week can improve productivity.This indicates a broader receptiveness towards exploring this new work model.90%74%58%76%50%of professionals want their employers to implement a 4-day work week t

77、rial,andof employers consider the 4-day work week a feasible concept,andof them feel it can increase productivity levelsof them feel it can increase productivity levelsof them are unlikely to trial or transition to a 4-day work week in the next 1 2 yearsIs a 4-day work week Asias next bet for produc

78、tivity and talent retention?22OverviewGreater ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retention?What professionals think of a 4-day work weekTo

79、p reasons for wanting a trialTop concerns against a trialWork-life balanceMore time for familyTo raise productivityTaiwans professionals see the 4-day work week as a pathway to improved work-life balance and heightened productivity.The prospect of spending more quality time with family also serves a

80、s an important motivator for many.Still,concerns linger regarding workload management,potential pay reductions,and the overall feasibility of implementing such a schedule.85%59%58%More stressful as workload remains the samePrefer splitting workload across 5 days Not possible in line of work/Possible

81、 pay reduction 78%46%33%23OverviewGreater ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retention?What employers think of a 4-day work weekCompared t

82、o businesses in Greater China,a higher percentage of companies in Taiwan consider the 4-day work week a feasible concept.47%of these businesses would also consider introducing the 4-day work week to better attract and retain talent.Yet the transition to such a work model is unlikely to happen for mo

83、st businesses in the near future,with the impact on customer experience being the primary reason.Among employers who find the concept feasible,how likely are they to run a pilot or transition to a 4-day work week within the next 1 2 years?9%28%12%13%38%Very likely/Plans are underwayUnsureVery unlike

84、ly Somewhat likely/Plans being discussed,but nothing concrete UnlikelyThey find it viable because of.They are most worried aboutImproved employee productivity levelsBad customer experience(ascustomers might not be ableto reach staff)76%69%24OverviewGreater ChinaTaiwanMainland China South KoreaSouth

85、East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retention?When professionals apply for a new jobWhile most Taiwans professionals are likely to apply to companies that offer a 4-day work week,57%

86、of them said they were very likely to the lowest in Asia.They may hold a broader perspective when assessing job opportunities,considering a variety of factors besides work schedule.In exchange for a 4-day work week with full pay,professionals are:Very likely1006080401090507030200Somewhat likelyUnlik

87、elyUnsureVery unlikelyLikelihood of applying to a company with a 4-day work week?Most appealing benefits in a new job opportunity:4-day work week with full pay Pay increment Work from anywhere 48%28%18%Least willing to accept:No annual bonus or smaller pay raises8%Most willing to give up:Work social

88、 events 79%Standard work hours,and instead extend each day in the shortened week by 2 hours 37%Hybrid work48%2%4%9%28%57%Is a 4-day work week Asias next bet for productivity and talent retention?25OverviewGreater ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnam

89、Hong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retention?Other flexible strategies for talent attraction and retentionFewer employers in Taiwan have immediate plans to pilot a 4-day work week,but many still see it as a valuable tool for

90、talent attraction and retention.Keeping in mind the broader view employees take,employers may aim to balance time-based and monetary benefits.Other work models employers are open to:More flexible working hours on Fridays 4-day work week on last week of the month None at the moment 4.5-day work week

91、Offering shorter working hours over a 5-day work week Work additional 2 hours a day across a 4-day work week 35%12%9%25%10%9%Is a 4-day work week Asias next bet for productivity and talent retention?26OverviewGreater ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVie

92、tnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retention?“Staying attuned to the talent pools motivations helps you attract the people you need for your business,and it also fosters an empowering work environment that keeps employees

93、 engaged.Find the right balance among flexible work schedules,well-being,and career development opportunities to accommodate your teams diverse working styles and career objectives.”John WinterGeneral ManagerRobert Walters TaiwanNon-monetary initiatives employers would improve or implement to attrac

94、t and retain talent:Learning and development programmesWell-being initiatives like mental health support Environmental,social and governance/Corporate social responsibility 28%23%3%Is a 4-day work week Asias next bet for productivity and talent retention?27OverviewGreater ChinaTaiwanMainland China S

95、outh KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retention?North East AsiaCultural norms around work ethic and dedication have a deep influence on professionals and businesses per

96、ceptions towards a 4-day work week in North East Asia.Although professionals here want to improve their work-life balance more than any other region in Asia this enthusiasm is tempered by both talent and organisations,who are reluctant to give the work model a go.Workers here are less convinced that

97、 a shorter work week could bring about bigger gains in productivity.Employers here are also less likely to find this work model feasible,so its unsurprising that the region has the lowest proportion of businesses with intentions to cut the work week down by a day.85%60%39%68%18%of professionals want

98、 a trial,andof employers find the concept feasible,andof them feel it can increase productivity levelsof them feel it can increase productivity levelshave plans,or are likely to trial or transition to a 4-day work weekIs a 4-day work week Asias next bet for productivity and talent retention?28Overvi

99、ewGreater ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retention?Key factors that influence talent and organisationsWhere there is more openness tow

100、ards alternative work arrangements in other parts of Asia,North East Asia will likely continue to prioritise traditional work practices.There is more of a stated preference to distribute workloads across 5 days,which could point to why many feel a shorter work week is unlikely to have a positive imp

101、act on productivity levels.The 4-day work week:Is Asia ready for it?For professionals here,pay reductions and workload management stand out as some of their biggest concerns.Employers are less inclined to re-imagine the structure of the work week due to concerns around costs and customer experience.

102、of employees say they are very likely to apply to a company with a 4-day work week,the lowest proportion in AsiaYet a 4-day work week with full pay(44%)still comes out top on a list of benefits that they find appealing when applying to a new jobare worried that a 4-day work week would lead to more s

103、tress,as they now have to distribute the same workload in fewer daysMore so than talent in other subregions,they are worried about(i)potential pay reductions and(ii)prefer to split their workload across 5 days.61%44%71%41%“The gap between employee aspirations for work-life balance and organisational

104、 objectives offers a prime opportunity to recalibrate talent attraction and retention strategies.Even with cost considerations,businesses can devise their own solutions to maintain operational efficiency while accommodating what employees need.”Jeremy SampsonCEORobert Walters North East Asia&Greater

105、 China77%see improved employee well-being as the biggest benefit from this work model60%are worried about incurring higher business costs,and feel a shorter week could diminish customer experience 50%state they have no plans to make any changes to work schedules31%will invest in learning and develop

106、mentIs a 4-day work week Asias next bet for productivity and talent retention?29OverviewGreater ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retenti

107、on?Japan Despite Japans national government announcing guidelines for a 4-day work week and strong support from professionals,it ranks the second lowest in Asia for employers who find the model achievable.Furthermore,it leads the region with the highest number of employers with no immediate plans to

108、 pilot such a work week.Compared to other markets,Japan also has the fewest proportion of workers who believe a compressed week can benefit productivity levels.These factors suggest that the Japan market isnt as primed for this work model.85%56%38%67%59%of professionals want their employers to imple

109、ment a 4-day work week trial,andof employers consider the 4-day work week a feasible concept,andof them feel it can increase productivity levelsof them feel it can increase productivity levelsof them are unlikely to trial or transition to a 4-day work week in the next 1 2 yearsIs a 4-day work week A

110、sias next bet for productivity and talent retention?30OverviewGreater ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retention?What professionals thin

111、k of a 4-day work weekTop reasons for wanting a trialTop concerns against a trialWork-life balanceMore time for family To raise productivity Professionals in Japan are after a 4-day work week for better work-life balance,which would also give them more time to spend with their families.However,they

112、also cite concerns regarding increased stress from compressing workload into fewer days,prompting some to prefer spreading out their work across more days.Notably,Japan also records one of the highest proportions of employees wary of pay reductions resulting from a shortened work week.86%43%38%More

113、stressful as workload remains the samePrefer splitting workload across 5 days Possible pay reduction 71%43%41%57%of employees would prefer a fixed 4-day work week for all employees over a selective one31OverviewGreater ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandV

114、ietnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retention?What employers think of a 4-day work weekMost employers arent sure,or dont intend to move forward with a 4-day work week,even as many of them see how it could benefit their e

115、mployees well-being and talent attraction and retention.27%of employers who find the model feasible are open to exploring it to stand out as an employer of choice.The primary concerns are around business continuity:spikes in business costs or weakened customer experience.Among employers who find the

116、 concept feasible,how likely are they to run a pilot or transition to a 4-day work week within the next 1 2 years?6%25%27%10%32%Very likely/Plans are underwayUnsureVery unlikely Somewhat likely/Plans being discussed,but nothing concrete UnlikelyThey find it viable because of.They are most worried ab

117、outImproved employee well-beingIncurring higher businesscosts(due to increased hiringor project delays)Bad customer experience(ascustomers might not be ableto reach staff)80%59%58%32OverviewGreater ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth

118、East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retention?When professionals apply for a new jobWhile the overall sentiment is still positive,61%of employees indicated they are very likely to apply to companies with a 4-day work week one of the lowest s

119、cores in Asia.Ultimately,Japans professionals prioritise a good balance between salary and the autonomy to choose where theyd like to work from,with more expressing interest in work from anywhere options over pay raises.In exchange for a 4-day work week with full pay,professionals are:Very likely100

120、6080401090507030200Somewhat likelyUnlikelyUnsureVery unlikelyLikelihood of applying to a company with a 4-day work week?Most appealing benefits in a new job opportunity:4-day work week with full pay Work from anywherePay increment 44%34%19%Least willing to accept:Reduction in vacation leaves15%Most

121、willing to give up:Work social events 65%Standard work hours,and instead extend each day in the shortened week by 2 hours 46%Training opportunities34%1%1%9%28%61%Is a 4-day work week Asias next bet for productivity and talent retention?33OverviewGreater ChinaTaiwanMainland China South KoreaSouth Eas

122、t AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retention?Other flexible strategies for talent attraction and retentionIn contrast to other markets,Japans employers are less enthused over flexible

123、work options.Most companies show no inclination to reshape the conventional work schedule.There is still a slightly heavier emphasis placed on initiatives aimed at employee well-being.Other work models employers are open to:None at the moment Work additional 2 hours a day across a 4-day work week 4-

124、day work week on last week of the month More flexible working hours on Fridays Offering shorter working hours over a 5-day work week 4.5-day work week 49%10%6%20%9%6%Is a 4-day work week Asias next bet for productivity and talent retention?34OverviewGreater ChinaTaiwanMainland China South KoreaSouth

125、 East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retention?“Besides alternative work models,consider implementing other strategies to streamline workload management and maintain business continu

126、ity.Employees can show up energised and do their best work when they have ample time and space for their families and personal pursuits.”Rachna RatraManaging DirectorRobert Walters Japan Non-monetary initiatives employers would improve or implement to attract and retain talent:Well-being initiatives

127、 like mental health support Learning and development programmes Equity,diversity and inclusion Environmental,social and governance/Corporate social responsibility 30%29%10%3%Is a 4-day work week Asias next bet for productivity and talent retention?35OverviewGreater ChinaTaiwanMainland China South Ko

128、reaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retention?South KoreaWithin North East Asia,employers in South Korea present more open attitudes towards the prospect of a 4-day work wee

129、k.However,although a majority of employers feel that a condensed schedule could pan out and many also believe in its impact on productivity,the majority of employers with these sentiments have no plans,or are undecided about making the shift in the coming years.More attention is placed on other form

130、s of benefits;less so on restructuring work schedules.85%72%51%71%47%of professionals want their employers to implement a 4-day work week trial,andof employers consider the 4-day work week a feasible concept,andof them feel it can increase productivity levelsof them feel it can increase productivity

131、 levelsof them are unlikely to trial or transition to a 4-day work week in the next 1 2 yearsIs a 4-day work week Asias next bet for productivity and talent retention?36OverviewGreater ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapa

132、nIndonesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retention?What professionals think of a 4-day work weekTop reasons for wanting a trialTop concerns against a trialWork-life balanceMore time for family To raise productivity Professionals in South Korea are after a 4-d

133、ay work week for better work-life balance,which would also give them more time to spend with their families.However,they also cite concerns regarding increased stress from compressing workload into fewer days,prompting some to prefer spreading out their work across more days.Notably,Japan also recor

134、ds one of the highest proportions of employees wary of pay reductions resulting from a shortened work week.89%52%51%More stressful as workload remains the samePossible pay reduction Not possible in line of work/Increased expenditure due to more time spent outside of work65%41%29%37OverviewGreater Ch

135、inaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retention?What employers think of a 4-day work weekEmployers have a favourable view of the 4-day work wee

136、k,and they are aligned with professionals sentiments that it could uplift productivity.But they arent quite ready to make it a reality yet.Those who find a compressed week feasible would go with other initiatives to attract and retain talent,with just 17%opting for the 4-day work week as their top p

137、ick.Most acknowledge the gains on employee productivity from such a model,but also feel it might entail a rise in business expenditures.Among employers who find the concept feasible,how likely are they to run a pilot or transition to a 4-day work week within the next 1 2 years?6%32%27%15%20%Very lik

138、ely/Plans are underwayUnsureVery unlikely Somewhat likely/Plans being discussed,but nothing concrete UnlikelyThey find it viable because of.They are most worried aboutImproved employee productivity levelsIncurring higher businesscosts(due to increased hiringor project delays)71%65%38OverviewGreater

139、ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retention?When professionals apply for a new jobProfessionals in South Korea are generally keen to appl

140、y to companies offering a shorter work week,though consistent with the larger trend in North East Asia,a smaller proportion of employees said they were very likely to do so than in other regions.Salaries play a significant role for talent here,more so than hybrid work,location independence and work

141、socials.In exchange for a 4-day work week with full pay,professionals are:Very likely1006080401090507030200Somewhat likelyUnlikelyUnsureVery unlikelyLikelihood of applying to a company with a 4-day work week?Most appealing benefits in a new job opportunity:4-day work week with full pay Pay increment

142、 Work from anywhere 48%32%16%Least willing to accept:No annual bonus or smaller pay raises21%Most willing to give up:Hybrid work 52%Standard work hours,and instead extend each day in the shortened week by 2 hours 48%Work social events 45%1%0%5%29%65%Is a 4-day work week Asias next bet for productivi

143、ty and talent retention?39OverviewGreater ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retention?Other flexible strategies for talent attraction and

144、 retentionOver half of South Koreas employers say they arent thinking of altering their work model at the moment,and the 4-day work week is also not top of mind for them when it comes to talent attraction and retention.Instead,their focus lies predominantly on initiatives that support employees deve

145、lopment and well-being.Other work models employers are open to:None at the moment Work additional 2 hours a day across a 4-day work week 4.5-day work week More flexible working hours on Fridays 4-day work week on last week of the month Offering shorter working hours over a 5-day work week 53%8%8%21%

146、8%2%Is a 4-day work week Asias next bet for productivity and talent retention?40OverviewGreater ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retenti

147、on?“The workforces needs and desires are constantly evolving.Competitive compensation is important,but companies that can help their teams stay productive and achieve a healthy work-life balance will have a winning advantage.”JunWon ChoiCountry ManagerRobert Walters Korea Non-monetary initiatives em

148、ployers would improve or implement to attract and retain talent:Learning and development programmes Well-being initiatives like mental health support Equity,diversity and inclusion Environmental,social and governance/Corporate social responsibility 33%32%17%1%Is a 4-day work week Asias next bet for

149、productivity and talent retention?41OverviewGreater ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retention?South East Asia The outlook for the 4-day

150、 work week appears the most optimistic in South East Asia.A sweeping majority of professionals here want to try out a shorter week,and compared to other subregions,the largest slice of businesses here also feel that the work model is viable.Most who are keen on the concept also see its benefits on e

151、mployee well-being and productivity.There are also more concrete plans in place among these businesses.Over a third of employers with these sentiments state they are unsure about moving towards this new work arrangement in the near term,though a similar proportion say intend to,or are likely to expl

152、ore a pilot or transition.92%72%52%67%39%of professionals want a trial,andof employers find the concept feasible,andof them feel it can increase productivity levelsof them feel it can increase productivity levelsof them have plans,or are likely to trial or transition to a 4-day work week Is a 4-day

153、work week Asias next bet for productivity and talent retention?42OverviewGreater ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retention?Key factors

154、that influence talent and organisationsOverall,there is a clearer trend towards adjusting compensation,flexible scheduling,remote work and vacation allowances to suit the needs and preferences of both employers and employees.The 4-day work week:Is Asia ready for it?Commuting considerations are more

155、prominent for talent here.In contrast to other subregions where relinquishing work social events is the top preference,professionals here are more open to negotiating different trade-offs for a 4-day work week.Employers are wary about the complexities of implementing a 4-day week and the backlash fr

156、om employees if mishandled.This signals a shift towards more pragmatic considerations and growing confidence in the concepts viability.of employees say they are very likely to apply to a company with a 4-day work weekwould work an additional 2 hours a day to make up for the shortfall from cutting ou

157、t the fifth day of the weekWhen evaluating the benefits in a new position,after a 4-day work week full pay(41%),talent here give fairly close weightage to pay increments(30%)and location independence(26%)see savings on commuting costs as a merit of the 4-day work week substantially higher than other

158、 subregions81%55%41%44%“In a region rich with cultural and societal diversity,South East Asias employers have the opportunity to develop unique work models that are productive and meaningful for them.By tuning in to the nuanced needs of their business and employees,they can establish dynamic workpla

159、ces that serve as global role models.”Kimberlyn LuCEORobert Walters South East Asia 86%see improved employee well-being as the biggest benefit from this work model53%reported concerns around difficulties of implementing a 4-day week across the entire office,resulting in employee unhappiness 37%of em

160、ployers who find the shorter work week feasible state they intend to,or are likely to consider a trial or transition to the 4-day work week in the next 1 2 years37%is top on the list of initiatives they would consider to improve talent attraction and retention,with employee well-being(29%)and learni

161、ng and development(28%)following in close measuresIs a 4-day work week Asias next bet for productivity and talent retention?43OverviewGreater ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asia

162、s next bet for productivity and talent retention?Indonesia Indonesia may not rank as the country most fervently advocating for a 4-day work week trial,but it stands out for having professionals who are the most certain about applying to companies offering a shortened work week.Even as companies jugg

163、le a range of concerns and hold mixed sentiments on whether its viable,there is openness towards exploring this work model given the potential gains on employee well-being and productivity.88%64%55%71%59%of professionals want their employers to implement a 4-day work week trial,andof employers consi

164、der the 4-day work week a feasible concept,andof them feel it can increase productivity levelsof them feel it can increase productivity levels.However.of them are unlikely to trial or transition to a 4-day work week in the next 1 2 yearsIs a 4-day work week Asias next bet for productivity and talent

165、 retention?44OverviewGreater ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retention?What professionals think of a 4-day work weekTop reasons for wan

166、ting a trialTop concerns against a trialWork-life balanceTo raise productivity Save on commuting costs The key motivations that spur professionals to seek out a 4-day work week are for work-life balance,increased productivity,and to save on commuting costs.However,talent in Indonesia are the most li

167、kely within South East Asia to feel that this work model is not possible in their line of work.70%55%50%More stressful as workload remains the sameNot possible in line of work Prefer to split work across 5 days/Possible pay reduction 61%44%28%45OverviewGreater ChinaTaiwanMainland China South KoreaSo

168、uth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retention?What employers think of a 4-day work weekMost companies are worried about increased business costs and difficulties with implementat

169、ion,though a similar proportion of employers are also concerned about the impact on customer experience and workers productivity after a long weekend.Despite these concerns weighing on their minds,companies see the potential benefits for their talent attraction and retention though just 25%say they

170、would lean on the work model to appeal to talent,with most preferring other initiatives instead.Among employers who find the concept feasible,how likely are they to run a pilot or transition to a 4-day work week within the next 1 2 years?26%26%4%32%12%Very likely/Plans are underwayUnsureVery unlikel

171、y Somewhat likely/Plans being discussed,but nothing concrete UnlikelyThey find it viable because of.They are most worried aboutImproved employee well-being Incurring higher business costs(due to increased hiring or project delays)and difficulty in implementing across the entire office,resulting in e

172、mployee unhappiness.80%55%46OverviewGreater ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retention?When professionals apply for a new jobMore so tha

173、n any other market,Indonesian talent are likely to apply to companies that offer a compressed work week,with 98%responding in the affirmative.They hold a balanced perspective when sizing up new job opportunities,prioritising a mix of flexible work arrangements,competitive compensation and location i

174、ndependence.They would most prefer a 4-day work week with full pay,though pay increment and remotework trail closely behind as other enticing benefits.In exchange for a 4-day work week with full pay,professionals are:Very likely1006080401090507030200Somewhat likelyUnlikelyUnsureVery unlikelyLikeliho

175、od of applying to a company with a 4-day work week?Most appealing benefits in a new job opportunity:4-day work week with full pay Pay increment Work from anywhere 34%34%28%Least willing to accept:No annual bonus or smaller pay raises5%Most willing to give up:Training opportunities 53%Standard work h

176、ours,and instead extend each day in the shortened week by 2 hours 59%Hybrid work37%1%0%1%15%83%Is a 4-day work week Asias next bet for productivity and talent retention?47OverviewGreater ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJa

177、panIndonesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retention?Other flexible strategies for talent attraction and retentionInstead of diving right into a 4-day work week,Indonesias employers are more prepared to invest in employee well-being initiatives or more flexib

178、le hours on Fridays to attract talent and keep turnover low.Other work models employers are open to:More flexible working hours on Fridays 4-day work week on last week of the month Offering shorter working hours over a 5-day work week Work additional 2 hours a day across a 4-day work week None at th

179、e moment 4.5-day work week 31%16%9%22%16%6%Is a 4-day work week Asias next bet for productivity and talent retention?48OverviewGreater ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias next

180、bet for productivity and talent retention?“As Indonesia explores new approaches to structuring the work week,alongside initiatives in well-being and L&D,they move forward in a path of experimentation and adaptation.The insights they gain will inform their hiring and employer branding strategies,and

181、help set new standards for workplace excellence.”Eric MaryCountry HeadRobert Walters Indonesia&VietnamNon-monetary initiatives employers would improve or implement to attract and retain talent:Well-being initiatives like mental health support Learning and development programmesEnvironmental,social a

182、nd governance/Corporate social responsibility Equity,diversity and inclusion 38%31%3%3%Is a 4-day work week Asias next bet for productivity and talent retention?49OverviewGreater ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapanIndon

183、esiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retention?Malaysia Professionals in Malaysia are very keen to give the 4-day work week a go,and similarly,a big proportion of employers in the country agree it is feasible.Talent and businesses are largely aligned on what th

184、ey stand to gain from introducing a reduced week like better employee well-being and productivity but employees may have to wait a little longer still before such a model falls into place.94%79%50%74%36%of professionals want their employers to implement a 4-day work week trial,andof employers consid

185、er the 4-day work week a feasible concept,andof them feel it can increase productivity levelsof them feel it can increase productivity levelsof them are unlikely to trial or transition to a 4-day work week in the next 1 2 yearsIs a 4-day work week Asias next bet for productivity and talent retention

186、?50OverviewGreater ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retention?What professionals think of a 4-day work weekTop reasons for wanting a tri

187、alTop concerns against a trialWork-life balanceTo raise productivity Save on commuting costs On top of work-life balance,Malaysian talent value the increased productivity and costs saved on commuting that can come through a 4-day work week.The foremost concern about the model relates to workload man

188、agement,and to a lesser degree,some feel it is simply not possible to structure the week into 4 days in their line of work.83%50%48%More stressful as workload remains the sameNot possible in line of work Prefer to split work across 5 days/Workload increases from need to cover colleagues who are less

189、 productive70%37%33%51OverviewGreater ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retention?What employers think of a 4-day work weekStanding at 79

190、%,Malaysia ranks highest in terms of employers who believe that the 4-day work week is feasible.46%of these employers would also look at improving or introducing this work model so they can attract and retain talent.Companies recognise the potential benefits on employee well-being,but ultimately,mos

191、t are unsure whether they would try out this arrangement in the coming years,suggesting that they currently hold a wait-and-see approach.Among employers who find the concept feasible,how likely are they to run a pilot or transition to a 4-day work week within the next 1 2 years?13%36%14%16%21%Very l

192、ikely/Plans are underwayUnsureVery unlikely Somewhat likely/Plans being discussed,but nothing concrete UnlikelyThey find it viable because of.They are most worried aboutImproved employee well-being Difficulty in implementing across the entire office,resulting in employee unhappiness86%54%52OverviewG

193、reater ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retention?When professionals apply for a new jobA sizable 98%of employees in Malaysia are likely

194、 to consider applying to companies with a compressed work week coming in second behind Indonesia.While they are most drawn to a 4-day work week with full pay when evaluating new job opportunities,they still prioritise salary increments over remote work options.To make a 4-day work week happen,they w

195、ould also rather work longer hours in a day than to give up any pay increments or annual bonuses.In exchange for a 4-day work week with full pay,professionals are:Very likely1006080401090507030200Somewhat likelyUnlikelyUnsureVery unlikelyLikelihood of applying to a company with a 4-day work week?Mos

196、t appealing benefits in a new job opportunity:4-day work week with full pay Pay increment Work from anywhere 42%32%22%Least willing to accept:No annual bonus or smaller pay raises7%Most willing to give up:Work social events 53%Standard work hours,and instead extend each day in the shortened week by

197、2 hours 58%Hybrid work42%0%0%2%13%85%Is a 4-day work week Asias next bet for productivity and talent retention?53OverviewGreater ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias next bet fo

198、r productivity and talent retention?Other flexible strategies for talent attraction and retentionInstead of diving right into a 4-day work week,Malaysias employers are more prepared to invest in employee well-being initiatives or more flexible hours on Fridays to attract talent and keep turnover low

199、.Other work models employers are open to:More flexible working hours on Fridays 4.5-day work week Offering shorter working hours over a 5-day work week Work additional 2 hours a day across a 4-day work week None at the moment 4-day work week on last week of the month 36%15%10%18%15%6%Is a 4-day work

200、 week Asias next bet for productivity and talent retention?54OverviewGreater ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retention?“Every change jo

201、urney comes with its own set of challenges.Engage your employees in the process and foster open conversations with them.Work collectively to find a model that works best for everybody involved.”Ai Rene TanCountry ManagerRobert Walters MalaysiaNon-monetary initiatives employers would improve or imple

202、ment to attract and retain talent:Learning and development programmesWell-being initiatives like mental health supportEquity,diversity and inclusion Environmental,social and governance/Corporate social responsibility 25%24%2%1%Is a 4-day work week Asias next bet for productivity and talent retention

203、?55OverviewGreater ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retention?Philippines Talent and organisations in the Philippines appear to share si

204、milar sentiments about a 4-day work week.Across South East Asia and Asia,the Philippines presents the smallest gap between employees eagerness for a 4-day work week and whether employers believe it is practical.This alignment could be influenced by previous national discussions about implementing th

205、e work model and how it could uplift employee well-being,even as these discussions have now been put on hold.89%75%41%57%43%of professionals want their employers to implement a 4-day work week trial,andof employers consider the 4-day work week a feasible concept,andof them feel it can increase produ

206、ctivity levelsof them feel it can increase productivity levelsof them are unlikely to trial or transition to a 4-day work week in the next 1 2 yearsIs a 4-day work week Asias next bet for productivity and talent retention?56OverviewGreater ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippi

207、nesSingaporeThailandVietnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retention?What professionals think of a 4-day work weekTop reasons for wanting a trialTop concerns against a trialWork-life balanceSave on commuting costs To raise

208、 productivity Work-life balance is the primary motivation behind the interest in exploring a 4-day work week,but work performance and money-related matters are also a priority for Philippines professionals.Although they want to raise productivity levels through a 4-day work week,others prefer keepin

209、g to a longer schedule so they can advance their careers.Some workers are attracted to the cost savings from commuting less,but others raise worries about pay reductions or spending more now that they have more time outside of work.88%43%41%More stressful as workload remains the sameIncreased expend

210、iture due to more time spent outside of work Possible pay reduction/Want to spend more time at work for career progression 67%50%33%57OverviewGreater ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4-day work w

211、eek Asias next bet for productivity and talent retention?What employers think of a 4-day work weekMany employers who find the work model feasible report having intentions to move towards a 4-day work week sometime soon,but a substantial majority of 44%remain undecided,even as 39%of those keen on the

212、 concept say they are interested in implementing it to attract and retain talent.Despite an apparent willingness,operational concerns,such as potential disruptions to customer experience,may be hindering decisive action.Among employers who find the concept feasible,how likely are they to run a pilot

213、 or transition to a 4-day work week within the next 1 2 years?20%43%4%20%13%Very likely/Plans are underwayUnsureVery unlikely Somewhat likely/Plans being discussed,but nothing concrete UnlikelyThey find it viable because of.They are most worried aboutImproved employee well-being Bad customer experie

214、nce(as customers might not be able to reach staff)85%73%58OverviewGreater ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retention?When professionals

215、apply for a new jobMajority of talent in the Philippines are likely to go for job opportunities with a 4-day work week,though it tracks 6%of employees who are unsure the highest proportion for this response in South East Asia.When assessing new job opportunities,they adopt a balanced,holistic outloo

216、k across work schedule,pay and location independence.While professionals prioritise competitive salaries and will not forego bonuses or pay raises,they demonstrate a willingness to extend work hours per day in exchange for a shorter work week.In exchange for a 4-day work week with full pay,professio

217、nals are:Very likely1006080401090507030200Somewhat likelyUnlikelyUnsureVery unlikelyLikelihood of applying to a company with a 4-day work week?Most appealing benefits in a new job opportunity:4-day work week with full pay Pay increment Work from anywhere 34%32%30%Least willing to accept:No annual bo

218、nus or smaller pay raises0%Most willing to give up:Work social events 57%Standard work hours,and instead extend each day in the shortened week by 2 hours 61%Hybrid work27%2%0%6%14%78%Is a 4-day work week Asias next bet for productivity and talent retention?59OverviewGreater ChinaTaiwanMainland China

219、 South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retention?Other flexible strategies for talent attraction and retentionIn line with professionals readiness to extend their dail

220、y work hours,companies in the Philippines are most inclined to put longer work hours in place for a condensed work week.The 4-day work week also leads as the top non-monetary initiative they would tap on to enhance talent attraction and retention.Other work models employers are open to:Work addition

221、al 2 hours a day across a 4-day work week More flexible working hours on Fridays Offering shorter working hours over a 5-day work week None at the moment 4.5-day work week 4-day work week on last week of the month 36%15%7%29%9%4%Is a 4-day work week Asias next bet for productivity and talent retenti

222、on?60OverviewGreater ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retention?“Businesses moving to a different work model will need to work out how t

223、hey can ensure business continuity and sustained productivity.This could look like staggering employees days off,enforcing fixed focus time for productive work,and looking deeply into the needs of your stakeholders.”Non-monetary initiatives employers would improve or implement to attract and retain

224、talent:Learning and development programmes Well-being initiatives like mental health support Equity,diversity and inclusion Environmental,social and governance/Corporate social responsibility 29%25%5%2%Is a 4-day work week Asias next bet for productivity and talent retention?Kimberlyn LuCEORobert Wa

225、lters South East Asia61OverviewGreater ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retention?Singapore Living and working in one of the regions mos

226、t competitive economies,professionals in Singapore are the most keen among all South East Asia countries to adopt a 4-day work week though more for work-life balance and time with family than other reasons.Employers are mostly convinced of the viability of this arrangement,but are undecided on takin

227、g steps to shorten the work week in the foreseeable future.93%69%48%69%58%of professionals want their employers to implement a 4-day work week trial,andof employers consider the 4-day work week a feasible concept,andof them feel it can increase productivity levelsof them feel it can increase product

228、ivity levelsof them are unlikely to trial or transition to a 4-day work week in the next 1 2 yearsIs a 4-day work week Asias next bet for productivity and talent retention?62OverviewGreater ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East Asi

229、aJapanIndonesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retention?What professionals think of a 4-day work weekTop reasons for wanting a trialTop concerns against a trialWork-life balanceMore time for family To raise productivity Being part of a culture that values fam

230、ily and efficiency,talent here also hope a 4-day work week trial would give them more time with their loved ones and help boost productivity.What also stands out are considerations around workload management a sizable proportion of talent reported a preference for spreading their workload across 5 d

231、ays.91%60%48%More stressful as workload remains the samePrefer to split work across 5 days Possible pay reduction 67%50%33%63OverviewGreater ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias

232、 next bet for productivity and talent retention?What employers think of a 4-day work weekCompanies in Singapore acknowledge the potential benefits of a 4-day work week in uplifting employee well-being.Still,many remain hesitant or unlikely to implement such a work model in the near future.Their prim

233、ary concern revolves around navigating the transition without incurring employee unhappiness.In addition,35%of those who find the concept feasible would implement it,or refine existing initiatives,as part of their talent attraction and retention strategy.Among employers who find the concept feasible

234、,how likely are they to run a pilot or transition to a 4-day work week within the next 1 2 years?9%58%13%9%11%Very likely/Plans are underwayUnsureVery unlikely Somewhat likely/Plans being discussed,but nothing concrete UnlikelyThey find it viable because of.They are most worried aboutImproved employ

235、ee well-being 90%Difficulty in implementing across the entire office,resulting in employee unhappiness73%64OverviewGreater ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias next bet for prod

236、uctivity and talent retention?When professionals apply for a new jobAn impressive 96%of professionals in Singapore are inclined to apply for jobs at companies offering a 4-day work week.Salary is a vital component for talent here.When looking at new job prospects,a 4-day work week with full pay emer

237、ges as the most enticing benefit,likely as it provides professionals with an optimal balance.Pay increments ranks second,edging out remote work by a narrow margin in terms of appeal.Few professionals are willing to sacrifice their annual bonuses or accept reduced pay increments for a reduced work we

238、ek.In exchange for a 4-day work week with full pay,professionals are:Very likely1006080401090507030200Somewhat likelyUnlikelyUnsureVery unlikelyLikelihood of applying to a company with a 4-day work week?Most appealing benefits in a new job opportunity:4-day work week with full pay Pay increment Work

239、 from anywhere 42%28%27%Least willing to accept:No annual bonus or smaller pay raises13%Most willing to give up:Work social events 64%Standard work hours,and instead extend each day in the shortened week by 2 hours 46%Hybrid work42%1%1%2%15%81%Is a 4-day work week Asias next bet for productivity and

240、 talent retention?65OverviewGreater ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retention?Other flexible strategies for talent attraction and reten

241、tion27%of employers do not have any plans to introduce any new work arrangements.However,similar proportions of employers are looking to offer more flexible work hours on Fridays and a 4.5 days work week.The 4-day work week is still seen as the top initiative for talent attraction and retention,thou

242、gh there are also similar levels of interest in employee well-being initiatives and learning and development programmes.Other work models employers are open to:None at the moment 4.5-day work week Work additional 2 hours a day across a 4-day work week More flexible working hours on Fridays 4-day wor

243、k week on last week of the month Offering shorter working hours over a 5-day work week 27%20%10%22%14%7%Is a 4-day work week Asias next bet for productivity and talent retention?66OverviewGreater ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth Ea

244、st AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retention?“Embracing flexibility and innovative work arrangements can help attract top talent,while also driving productivity and employee satisfaction.For many businesses,it can be a critical piece of the p

245、uzzle that sets them apart as an employer of choice.”Monty SujananiCountry ManagerRobert Walters SingaporeNon-monetary initiatives employers would improve or implement to attract and retain talent:Well-being initiatives like mental health support Learning and development programmes Equity,diversity

246、and inclusion Environmental,social and governance/Corporate social responsibility 32%30%3%0%Is a 4-day work week Asias next bet for productivity and talent retention?67OverviewGreater ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapan

247、IndonesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retention?ThailandWhile there is much interest for a 4-day work week in Thailand,there are mixed sentiments around the implementation of such a work model.Interest in the work model among Thai professionals is the highe

248、st in Asia,and the majority of employers in the country also regard the concept as a feasible and strong approach for uplifting employee well-being.However,half of the companies surveyed are either unsure of,or do not have plans for a compressed work week.There is also less of a perception that the

249、model could have a great impact on employee productivity.95%77%58%46%50%of professionals want their employers to implement a 4-day work week trial,andof employers consider the 4-day work week a feasible concept,andof them feel it can increase productivity levelsof them feel it can increase productiv

250、ity levelsof them are unlikely to trial or transition to a 4-day work week in the next 1 2 yearsIs a 4-day work week Asias next bet for productivity and talent retention?68OverviewGreater ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJ

251、apanIndonesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retention?What professionals think of a 4-day work weekTop reasons for wanting a trialTop concerns against a trialWork-life balanceTo raise productivityMore time for family/Save on commuting costs Besides work-life

252、balance,talent in Thailand perceive a reduced work week as a way for them to further enhance their productivity.However,they flagged many concerns about various nuances associated with a 4-day work week workload management,an inclination to distribute work across more days,whether such a schedule is

253、 possible in certain industries,and more.73%58%42%More stressful as workload remains the same/Prefer to split work across 5 days/Not possible in line of workIncreased expenditure due to more time spent outside of work/Want to spend more time at work for career progressionPossible pay reduction36%27%

254、18%69OverviewGreater ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retention?What employers think of a 4-day work weekMotivated by the prospect of im

255、proving their employees well-being,24%of these employers would also consider incorporating it into their talent retention and attraction strategy.Yet under this work model,chief among all concerns is the potential impact on customer experience,so employers will likely make operational adjustments to

256、 mitigate any negative effects.Among employers who find the concept feasible,how likely are they to run a pilot or transition to a 4-day work week within the next 1 2 years?26%26%16%24%8%Very likely/Plans are underwayUnsureVery unlikely Somewhat likely/Plans being discussed,but nothing concrete Unli

257、kelyThey find it viable because of.They are most worried aboutImproved employee well-being Bad customer experience(as customers might not be able to reach staff)90%67%70OverviewGreater ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapa

258、nIndonesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retention?When professionals apply for a new jobAt 96%,an overwhelming majority of professionals in Thailand would consider applying for jobs that come with a shorter work week.Remote work and salary increments are oth

259、er factors that hold almost equal weight during the job search,with the option to work from anywhere edging slightly ahead by a small margin.Very few professionals are willing to pare down their bonuses or pay increments to achieve a 4-day work week.In exchange for a 4-day work week with full pay,pr

260、ofessionals are:Very likely1006080401090507030200Somewhat likelyUnlikelyUnsureVery unlikelyLikelihood of applying to a company with a 4-day work week?Most appealing benefits in a new job opportunity:4-day work week with full pay Work from anywhere Pay increment 41%29%27%Least willing to accept:No an

261、nual bonus or smaller pay raises8%Most willing to give up:Work social events/Hybrid work 45%Standard work hours,and instead extend each day in the shortened week by 2 hours 59%1%0%3%21%75%Is a 4-day work week Asias next bet for productivity and talent retention?71OverviewGreater ChinaTaiwanMainland

262、China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retention?Other flexible strategies for talent attraction and retentionDespite a general readiness and openness towards the

263、 4-day work week,it may not be the model of choice for employers in Thailand.More employers picked well-being initiatives and learning and development programmes as their preferred pathways for talent attraction and retention.Other work models employers are open to:More flexible working hours on Fri

264、days 4-day work week on last week of the month Offering shorter working hours over a 5-day work week None at the moment 4.5-day work week Work additional 2 hours a day across a 4-day work week 43%19%5%24%5%3%Is a 4-day work week Asias next bet for productivity and talent retention?72OverviewGreater

265、ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retention?“Embracing the 4-day work week can be a game-changer for businesses,offering benefits such as

266、 improved employee well-being and increased productivity.However,employers must also be mindful of the potential consequences and risks it may pose to the organisations operations and customer experience.Striking the right balance between flexibility and meeting business needs is crucial for success

267、ful implementation.”Punyanuch SirisawadwattanaCountry ManagerRobert Walters ThailandNon-monetary initiatives employers would improve or implement to attract and retain talent:Well-being initiatives like mental health support Learning and development programmes Equity,diversity and inclusion Environm

268、ental,social and governance/Corporate social responsibility 41%27%5%3%Is a 4-day work week Asias next bet for productivity and talent retention?73OverviewGreater ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a

269、4-day work week Asias next bet for productivity and talent retention?VietnamEven as fewer employers are sold on the 4-day work week,talent in Vietnam are eager to trial such a model,especially as many of them believe it will push them to be more productive at work.However,only 54%of employers consid

270、er the model viable,the lowest across all of Asia.88%54%62%76%66%of professionals want their employers to implement a 4-day work week trial,andof employers consider the 4-day work week a feasible concept,andof them feel it can increase productivity levelsof them feel it can increase productivity lev

271、elsof them are unlikely to trial or transition to a 4-day work week in the next 1 2 yearsIs a 4-day work week Asias next bet for productivity and talent retention?74OverviewGreater ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapanInd

272、onesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retention?What professionals think of a 4-day work weekTop reasons for wanting a trialTop concerns against a trialWork-life balanceTo raise productivityMore time for family/Save on commuting costs After work-life balance,t

273、he prospect of raising productivity is what motivates professionals the most to seek out a reduced work week.This comes along with having more time for family and cutting down on commute costs.76%62%35%More stressful as workload remains the same/Prefer to split work across 5 days Increased expenditu

274、re due to more time spent outside of work 40%27%75OverviewGreater ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retention?What employers think of a 4

275、-day work weekNevertheless,66%of businesses in Vietnam state they are open to giving the 4-day work week a go,where they will be able to assess the impact on key considerations like employee well-being and customer experience.35%of employers who find the concept feasible would also introduce a conde

276、nsed week to better attract and retain talent.Among employers who find the concept feasible,how likely are they to run a pilot or transition to a 4-day work week within the next 1 2 years?44%25%0%22%9%Very likely/Plans are underwayUnsureVery unlikely Somewhat likely/Plans being discussed,but nothing

277、 concrete UnlikelyThey find it viable because of.They are most worried aboutImproved employee well-being 88%Bad customer experience(as customers might not be able to reach staff)67%76OverviewGreater ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth

278、 East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retention?When professionals apply for a new job94%of professionals feel positively about applying to companies that offer a compressed work week.Among job seekers,a 4-day work week with full pay remains

279、the most attractive benefit,followed by remote work and salary increments.Compared to other South East Asian countries,Vietnams professionals have less qualms in-office work and interacting with colleagues.Many would be willing to forego hybrid work arrangements for a 4-day work week,but only a mino

280、rity of professionals would compromise on bonuses or pay increments for this schedule.Additionally,it is also among the least likely in South East Asia to give up social events at work.In exchange for a 4-day work week with full pay,professionals are:Very likely1006080401090507030200Somewhat likelyU

281、nlikelyUnsureVery unlikelyLikelihood of applying to a company with a 4-day work week?Most appealing benefits in a new job opportunity:4-day work week with full pay Work from anywhere Pay increment 47%29%21%Least willing to accept:No annual bonus or smaller pay raises18%1%0%5%13%81%Most willing to gi

282、ve up:Work social events 35%Standard work hours,and instead extend each day in the shortened week by 2 hours 50%Hybrid work60%Is a 4-day work week Asias next bet for productivity and talent retention?77OverviewGreater ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVi

283、etnamHong KongNorth East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retention?Other flexible strategies for talent attraction and retentionOrganisations in Vietnam are willing to work on initiatives that are huge draws for their talent pool not only the

284、 4-day work week,but a range of different work arrangements that could give employees more personal time in a week or month.Other work models employers are open to:More flexible working hours on Fridays Work additional 2 hours a day across a 4-day work week 4.5-day work week 4-day work week on last

285、week of the month Offering shorter working hours over a 5-day work week None at the moment 26%13%13%22%13%13%Is a 4-day work week Asias next bet for productivity and talent retention?78OverviewGreater ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNor

286、th East AsiaJapanIndonesiaMalaysiaIs a 4-day work week Asias next bet for productivity and talent retention?“Those looking to try out a shorter work week should note there isnt a one size fits all approach.Rather,the key lies in adjusting to the specific needs of your organisation,employees and cust

287、omer base.”Phuc PhamCountry ManagerRobert Walters VietnamNon-monetary initiatives employers would improve or implement to attract and retain talent:Well-being initiatives like mental health support Learning and development programmes Equity,diversity and inclusion Environmental,social and governance

288、/Corporate social responsibility 31%26%4%4%Is a 4-day work week Asias next bet for productivity and talent retention?79OverviewGreater ChinaTaiwanMainland China South KoreaSouth East AsiaPhilippinesSingaporeThailandVietnamHong KongNorth East AsiaJapanIndonesiaMalaysiaAfrica|Australia|Belgium|Brazil|Canada|Chile|Mainland China|France|Germany|Hong Kong|India|Indonesia|Ireland|Italy|Japan|Malaysia|Mexico|Netherlands|New Zealand|Philippines|Portugal|Singapore|South Korea|Spain|Switzerland|Taiwan|Thailand|United Arab Emirates|United Kingdom|United States|Vietnam.