SUBSCRIBE: Newsletter

Human Resources



Calendar "I quit"

HK’s talent: Here today, gone tomorrow?

Human Resources magazine and the HR Bulletin daily email newsletter:
Asia's only regional HR print and digital media brand.
Register for your FREE subscription now »

Hong Kong’s senior executives are concerned about attracting and retaining top talent in the country over the next six months.

According to a report by Robert Half, 96% senior executives in banking and financial services, 96% of those in commerce, and 89% of those from the  IT industries are all worried about the employment outlook for the rest of the year.

Nearly everyone across all three sectors agreed it has been a challenge to find, hire and keep suitable talent.

However, all three sectors also indicated they are planning on maintaining or increasing headcount before the end of the year.

About half (48%) of those in the banking and financial services sector said they will be expanding their headcount while 40% said they will be maintaining it. Only 9% are freezing new hires and 3% expect to trim headcount.

CFOs surveyed were also displaying hiring intent; 55% said they will be hiring, 43% will be maintaining headcount and 3% are freezing or downsizing.

“We expect the hiring market for all three sectors to be particularly active for the next six months, as companies move to drive growth plans and take advantage of the global upswing of the economy despite the current labour crunch,” Pallavi Anand, managing director of Robert Half in Hong Kong, said.

“Companies in Hong Kong will have to look at options besides simply increasing remuneration if they wish to attract and retain the best talents whilst keeping overheads low.

“Pro work-life balance and better employee engagement policies will have to be leveraged effectively to keep Hong Kong-based organisations globally competitive.”

Image: Shutterstock

"The Asia Recruitment Award is the oscars of the recruitment industry. A display of the best of the best!"
Start your entries preparation early.
Open to both in-house recruitment & talent acquisition teams and recruitment solution providers.

Read More News


Leave a Reply

You must be logged in to post a comment.