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| \n Most common tactics for ‘career cushioning’<\/b> \n <\/td>\n<\/tr>\n \n Applying for jobs | \n <\/td>\n \n 67% | \n <\/td>\n<\/tr>\n \n Monitoring jobs market | \n <\/td>\n \n 61% | \n <\/td>\n<\/tr>\n \n CV prep | \n <\/td>\n \n 54% | \n <\/td>\n<\/tr>\n \n Networking more | \n <\/td>\n \n 32% | \n <\/td>\n<\/tr>\n \n Upskilling \/ Training | \n <\/td>\n \n 30% | \n <\/td>\n<\/tr>\n \n Adopting side hustles | \n <\/td>\n \n 28% | \n <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n <\/b><\/p>\n The grass isn’t always greener.<\/b>\n<\/p>\n It is worth noting that more than 40% of professionals have realised the value of their employer after exploring the job market and assessing their own skills \u2013 with a further 10% admitting that they have discovered their current employer pays better than the market average. While “career cushioning” does not necessarily mean an employee will leave their current job, exploring opportunities elsewhere can serve as a reminder that the grass is not always greener on the other side.\n<\/p>\n Side-hustle for extra income<\/b>\n<\/p>\n Other than their regular full-time job, 28% of professionals adopt side hustles as a way to monetise their skills and expand income sources, according to the survey by Robert Walters Hong Kong. When asked how the extra money is used, 33% of the side-hustlers needed the income to pay for their living expenses, 22% put the extra income into their savings, 22% do the work for passion while 11% use it for discretionary spending.\n<\/p>\n John adds, “People are dedicating time to entrepreneurial endeavours that provide income in case their current employment situation is affected. This phenomenon is driven by their uncertainty about the short to medium-term future, not only within their current organisation, but also in the Hong Kong job market in general.” Hashtag: <\/b>#RobertWaltersHongKong<\/p>\n |