Hong Kong employers aren't happy with their hires as they consider 37% of hires average and 9% bad, said recruitment services firm Hudson that released results of a recent survey Wednesday.

Hudson interviewed about 500 executives across key business sectors during March 2012 for this survey, according to the company.

"This means that nearly half of all hires in the organizations surveyed aren't regarded as 'good' employees who exceed expectations for their roles," said Tony Pownall, general manager, Hong Kong, Hudson. "However, this is a better result than those for China and Singapore, where more than half of employees are seen as 'average' or 'bad'."

Bad hiring decisions can have a number of serious consequences, said Hudson, adding that the impact on staff morale is seen as the greatest concern, being mentioned by 56 percent of respondents across all sectors in Hong Kong.

According to survey results, employers look for individuals having a positive attitude, enthusiasm, and loyalty (82%), as well as exhibiting high levels of motivation (76%). Hires with these traits are considered by employers as high performers adding values to organizations, Hudson noted.