Latest figures from Hong Kong’s Census and Statistics Department showed that the city’s unemployment rate has stayed at 3.2% in the second quarter.
From now until September is the peak job-hunting season for fresh graduates, and they are certainly taking advantage of the low unemployment rate.
Numbers from JIJIS, the online job information system for local university students has recorded more than 66,000 openings, 4000 more than the year before.
From April to June, about 2600 employers posted 18,129 openings. Among full-time jobs, information technology and programmers had the most vacancies at 3900, followed by banking and finance jobs with 3700 openings.
The average salary for fresh graduates has also increased by HK$500 to HK$13,470.
Armstrong Lee, director, Worldwide Consulting Group, said the job market is bright, and graduates from social sciences and business administration are able to get at least two offers, with a starting salary of HK$10,000 to HK$14,000.
Lee added insurance is currently the industry with the best prospect. “There were some insurance companies offering 10 months’ bonus last year. The sector is doing really well,” he said.
Angelina Shum, director at Time Search Recruitment, said employers in the medical industry are desperately in need of pharmacists and physiotherapists.
“With more private practices entering the healthcare market, I expect the starting salary for fresh graduates to be HK$18,000 to HK$20,000,” she said.
Employment numbers for the IT industry are a little unusual. In the second quarter, the industry saw a 0.8% increase in unemployment rate to 2.6% but HR experts believes the numbers do not tell the true story, because there is huge demand for app developers.
“Fresh graduates can get at least $15,000. Developers with more than 5 years’ experience are considered senior programmers and can earn up to HK$50,000 a month,” says Evan Chin, associate director, information technology at Grey Anderson.