Top talent in Hong Kong remains in demand in Q1

Matthew Bennett, Managing Director - Greater China, Robert Walters comments:

“Compared to a relatively steady job market in the first half of 2015, companies were more active in hiring in Q1 2016 and this led to the healthy year-on-year growth in the number of job advertisements. Despite the slowdown in certain areas such as retail, hospitality and construction, organisations in most sectors continued to look for strong talent, particularly for business critical functions such as finance, compliance and IT. Looking ahead, we expect market sentiment to remain cautious yet positive. With Hong Kong being a confidence-based economy, there might be further uplift in hiring in the second half of the year if the global economy is able to sustain its growth.”

Key findings:

  • HR job advertising grew a significant 48% from Q1 2015 as companies sought to take previously outsourced functions back in-house. This led to a strong demand for HR professionals in areas such as recruitment, training and development.
  • Legal and compliance job advertising saw annual growth of 28% as banks continued to grow their compliance functions and buy-side firms continued to develop their internal compliance capability due to increasing regulatory pressure.
  • IT professionals remained in demand with a 19% year-on-year increase in the number of job advertisements. The market remained candidate-short, particularly for professionals with experience in growth areas such as FinTech, e-commerce and IT security.

For the full report, please click to download the Robert Walters Asia Job Index Q1 2016 report.

For further information or interview requests, please contact Virna Chung on virna.chung@robertwalters.com.hk or +852 2161 9430.

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