The Robert Walters Global Salary Survey for 2016 has been released. The annual survey contains recruitment market updates, hiring advice and benchmarks salaries across our global markets.
Hiring trends in Hong Kong
Due to uncertainties around China’s economic slowdown, companies are likely to remain cautious in growing their headcount during 2016. However, organisations will continue to have ongoing demand for top talent as there is still a strong need to up-skill teams. Professionals with strong business acumen and communication skills as well as regional experience will be in greatest demand.
Salary increments for candidates changing jobs will average 10-15% in 2016, but rises will be higher across in-demand areas, for example, compliance professionals specialising in areas such as anti-money-laundering and control room could receive increases of up to 30% when switching jobs.
As the market remains candidate driven, companies should ensure a smooth and efficient recruitment process to avoid losing their preferred candidates to competitors. Hiring managers should also create a positive first impression during the interview by outlining the potential of the position on offer. To retain current employees, opportunities for career development, recognition of achievements and successes, as well as offering staff more autonomy and responsibility are the keys to improving retention rates.
About the Global Salary Survey
Now in its seventeenth edition, the Robert Walters annual Global Salary Survey is the most comprehensive review of professional salaries and recruitment trends around the world.
The comprehensive book, covering 24 countries, is free and covers the UK and Ireland, Continental Europe, the Middle East, Africa, Asia, Australia and New Zealand as well as North and South America.The Global Salary Survey is based on the analysis of permanent, interim and contract placements made across each of our geographies and recruitment disciplines.
Download the Salary Survey
For a more in-depth look at our expectations for the recruitment market in Hong Kong, download the full version of the 2016 Hong Kong Salary Survey.
Compare your salary across a range of global markets and industries. The Salary Survey is also available as an App for download on iOS and Android.