Two in three Hong Kong professionals in the business sector have no intention of changing jobs in the next six months as they see opportunities in the opening of China’s capital markets, according to a survey conducted by CPA Australia.
Those who said they wouldn’t change their jobs within six months accounted for 63 percent of the respondents, up from 39 percent a year earlier.
The survey, conducted in May and June, covered 172 professionals in the accounting, financial and related businesses.
China’s increasingly open capital markets, growing outbound direct investment from China and a more positive local economic outlook are contributing towards a more optimistic employment outlook for Hong Kong, Kenneth Chen, president of CPA Australia in Greater China, said in a media briefing on Monday.
According to the same survey, 36 percent considered compensation as their top consideration in looking for a new job, 27 percent gave higher importance to work-life balance, which was the No. 1 consideration in last year’s survey.
Chen said companies would be able to retain their staff by granting salary increases as well as non-monetary rewards.
The employment outlook in Hong Kong looks bright with 43.6 percent of the respondents saying their companies will increase headcount in the next six months.
This is the most optimistic employment outlook since the survey started in 2012 and is up 12.7 percentage points from last year.
In the same survey, 57 percent of the respondents supported the newly introduced Admission Scheme for the Second Generation of Chinese Hong Kong Permanent Residents (ASSG), which aims to attract talent from overseas.
CPA Australia said the government should further relax the terms and conditions for the scheme, such as by eliminating the language requirements.
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