Date
12 December 2017
Hong Kong companies are largely upbeat about their hiring plans this year, despite some economic uncertainties. Photo: HKEJ
Hong Kong companies are largely upbeat about their hiring plans this year, despite some economic uncertainties. Photo: HKEJ

Most HK firms plan to boost recruitment in 1H: survey

More than half the firms in Hong Kong plan to step up recruitment in the first half of 2015, according to a survey from human resources consultancy Hudson.

The hiring appetite marks the strongest level in three years, Sky Post reported Thursday, noting that companies are apparently undeterred by the economic uncertainties.

The survey, which was conducted in November last year, took in responses from 166 employers in Hong Kong. Fifty-two percent of the interviewees said they intend to hire more people in the first half, up 5.9 percentage points compared to a previous survey for 2014.

By industries, banking and financial services topped the list in recruitment, with over 60 percent surveyed planning to hire more. Risk management, internal audit and compliance are some fields where demand is strong for new talent, according to the report.

The survey also showed that more than half of the retailers surveyed intended to boost recruitment. E-commerce marketing and luxury sectors are among the segments that could see hiring pick up.

Meanwhile, only 30 percent of manufacturing and industrial employers surveyed said they plan to hire more, down 20 percent from the previous year. Increased cost is said to be the main reason why industrial firms are holding back on local recruitment. 

Tulika Tripathi, managing director of Hudson Asia, was quoted as saying that she expects salary for middle and high-level management to rise an average 8-10 percent, up 2 percentage points from a year earlier. Job-hoppers could demand 15-20 percent more salary, she said.

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