The recruitment market in Hong Kong saw a steady level of activity in the first half of 2015 and mid-level, trilingual professionals were the most sought-after candidates, according to the latest market update from international recruiter Robert Walters.
Due to uncertainty in the global economy, headcount constraints remained an issue for many employers and there was an increase of senior-level roles and longer-term positions being offered on contract. Hiring trends and demand are expected to remain similar for the rest of the year and professionals moving jobs could command an average salary increment of 10-15%.
Other key findings of the market update:
- Financial planning and analysis and auditing professionals were the most in-demand as companies sought to upskill their finance functions and improve operational efficiency.
- Tightening regulatory requirements drove the demand for compliance, risk, audit and client on-boarding professionals in middle and back office. Within front office, driven by the implementation of Shanghai-Hong Kong Stock Connect, investment banks expanded their equity research teams while fund managers hired A-shares equity analysts.
- HRBP, talent management as well as compensation and benefits were the most sought-after HR positions as companies continued to focus on talent attraction and retention.
- Organisations actively sought IT specialists in cloud, IT security and programming as a result of continued developments in cloud and mobile technologies.
- Mandarin-speaking lawyers were in high demand as businesses continued to focus on China. The competition for compliance candidates intensified due to the growth in corporate compliance.
- The growth of digital drove hiring for digital marketers and there was a consistent demand for strong solution sales managers who could tailor products and services based on clients’ needs.
- Secretarial and business support candidates with the flexibility to perform multiple supporting functions were the most sought-after.
- Third party logistics provides hired actively as more companies outsourced their logistic and supply chain functions.
About the market update
The Robert Walters Hong Kong 2015 Market Update is designed to provide insights into the most recent hiring and salary trends. In addition, the comprehensive report outlines the expected recruitment developments across various industries in Hong Kong for the rest of the year.
Please click to download a full version of the Robert Walters Hong Kong 2015 Market Update.
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