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Hong Kong faces second largest talent shortage in APAC

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With the global talent shortage at its highest in 7 years, employers in the Asia Pacific (APAC) region are increasingly feeling the impact of the shortage.

According to the 2015 Talent Shortage Survey by the Manpower Group, Hong Kong was ranked second in the APAC region in terms of difficulty employers are facing when filing jobs.

In APAC, Japan faces the largest talent shortage at 83%, followed by Hong Kong at 65% and India in third place with 58%.

Taiwan (57%) and New Zealand (51%) came in fourth and fifth respectively, while Singapore (40%) came in seventh place after Australia (42%).

The report added in Hong Kong, the role employers are having the most difficulty filling are sales representatives, followed by engineers and IT personnel.

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Similarly, employers across APAC also face difficulty in recruiting for sales representative and engineer roles.

However, the third most difficult job to fill in APAC was technicians, the report found, instead of IT Personnel.

The top three reasons for the difficulty in filling jobs in APAC is the lack of technical competencies (35%), lack of applicants (33%) and lack of workplace competencies (28%).

While 20% of the 7,700 employers surveyed are not pursuing any strategies to overcome this talent shortage, 34% of them are making use of people practices such as providing the training and development of existing staff (19%) to overcome the talent shortage.

29% of them are making use of talent sources such as adapting their talent sourcing programmes to recruit from the untapped talent pools (19%) and 26% are implementing alternative work models such as increasing their focus on the talent pipeline (13%).

In the region, Chinese employers faced the least difficulty with a talent shortage of 24%.

Image: Shutterstock

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