The latest workforce and mobility trends in Hong Kong

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Surveying more than 400 Hong Kong employees, Randstad’s latest Workmonitor quarterly report highlights the latest workforce and mobility trends in Hong Kong.

Overall, job satisfaction has increased one point to 47.2% compared with the preceding quarter. The percentage of respondents who are actively looking for a job has increased from 9.9% to 13.4%. About 34% of respondents changed jobs in the past six months, a 30% increase from the previous quarter.

Digital transformation is sweeping through all business sectors, with 83% of Hong Kong employees thinking that digitalisation requires a different skill set than what they currently have, slightly below the APAC average of 87%.

More than eight in 10 respondents (83%) said there was a need to acquire new skills if they wanted to work in a digital environment, and that they were willing to personally acquire these skills to guarantee their employability.

Meanwhile, 62% felt pressured to develop their skills to keep up with digital developments, moderately lower than the APAC average (65%).

Among both genders and three age groups (18-34; 35-54; 55-67) in Hong Kong, only the 55-67 group (81%) exceeded the APAC average and topped the APAC ranking.

Sixty three per cent of respondents in Hong Kong were proactively learning about AI themselves to ensure their employability, while 81% were positive that digital technology presented them with new opportunities. Those aged between 18 and 54 were more assured on the outlook of the ongoing trend than the 55-67 age group.

Meanwhile, 76% of respondents agreed these emerging technologies would have a positive impact on their job in the next five to 10 years. The average APAC percentage was 80%.

Forty eight per cent of respondents said their employer was currently investing in new technologies within the field of AI such as machine learning, robotics and automation.

While 79% thought it was their employers’ responsibility to provide them with adequate training to acquire new digital skills and increase productivity, only 46% said their employers were currently providing the training sessions. To future-proof their careers, 63% were investing in themselves to learn about AI.

Meanwhile, 84% of respondents said that students were being taught and exposed to the right digital skills that would help prepare them for the future workforce. This is the only category where Hong Kong respondents’ percentage was higher than the APAC average (83%).