Morgan McKinley Hong Kong Hiring Market Update 2013

We have recently released our latest Hong Kong Hiring Market Update.

To prepare the report, we surveyed over 1,050 senior level operational and HR managers across Asia Pacific, asking them about their hiring plans for 2012 and the challenges they expect to face.

Highlights of the report:

  • Within financial services, 75% of managers in Hong Kong are concerned that global economic uncertainty will affect Asia Pacific as a growth market.
  • Almost 24% of financial services managers in Hong Kong expect to be handling redundancies over the next 12 months.
  • Nearly half of employers within commerce & industry in Hong Kong plan to hire new staff over the next six months. There is particular growth in the consumer goods industry (specifically retail and luxury brands).
  • Hiring is very likely to be focused on permanent roles in Hong Kong, however fixed term contracts will also be a key part of hiring strategies. These contract hires may ‘plug the gap’ created by restrictions on permanent headcount increases, particularly within the finance sector.

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