Hong Kong’s information and communications technology sector was ranked second in Asia Pacific and sixth worldwide in the ICT Development Index. Demand for high-calibre talents has continued to rise. A recent research has unveiled the incentives current IT employers are using to attract and retain top performing IT talents.
Top three initiatives to attract IT talent
Among 75 chief information officers, remote working (49%), higher remuneration levels (48%), and flexible work schedules (44%) are the top three initiatives on offer to attract IT talents.
Top three initiatives to retain IT talent
To avoid losing their top performers, Hong Kong’s IT employers have focused on to retain staff are increased salary (59%), flexible work schedules (43%) and increased employee benefits (43%) in the preceding three years.
“Due to the ongoing skills shortage, IT candidates are firmly in the driver’s seat when it comes to salary negotiation. Most companies are aware they need to reward their existing staff with above-average pay increases or risk losing them to the competition, which is why it’s essential employers frequently benchmark the salaries they offer to industry standards to make sure they’re competitive,” Adam Johnston, managing director of Robert Half Hong Kong, commented.
“Companies are also diversifying their incentives to offer a more balanced lifestyle that appeals to the modern IT worker. Combined with remuneration, lifestyle and workplace benefits packages need to be tailored to the individual employee and their needs, which needs to be of an ongoing conversation between managers and their staff.”