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HONG KONG EMPLOYERS - WHERE THEY ARE HIRING
The roller-coaster employment ride of the past year appears to be reaching more stable ground, with Hong Kong’s recruitment activity rising and businesses recommencing – albeit with caution – their hiring plans, says a leading recruiter.
In its latest Hays Quarterly Report, recruiter Hays says employers have started to take a more positive approach towards their staffing needs. “Employers are approaching their recruitment with patient positivity,” said Emma Charnock, Regional Director of Hays in Hong Kong and China.
“Hong Kong’s hiring activity is gradually rising, and this measured momentum will continue until quarter four, when a solid injection of vacancies is expected.
“With gradual stability returning to the Hong Kong market, companies are now thinking about expansion and growth again. For example, many banks are starting to reinforce their ranks, particularly within the local and large corporate space.”
Hong Kong employers are most commonly hiring at present in the following areas:
- Audit, compliance and risk: “These candidates remain the prime hotspots of candidate demand for Hong Kong’s accountancy and finance employers. Increased regulations and the business response to market conditions, which has seen them become far more stringent with their controls, processes and risk mitigation, will ensure these skills remain needed.”
- Commercial and corporate bankers: “Candidates with solid track records in Asia will be sought for the foreseeable future. Those with experience in corporate banking products such as trade finance and cash management and who are well networked in this space are also in high demand.”
- Architects: “Architects at all levels are needed. Driven by new transport/infrastructure projects in Hong Kong, the peak in project teams will be during 2010. In the meantime, skilled engineers and construction professionals with exposure to and experience on infrastructure projects are also sought.”
- Insurance: “Capital management has emerged as an area of need, given the importance of tight balance sheet monitoring for all major financial services. Project management and operational strategy will also be recruitment focuses.”
- IT: “ERP project managers, ERP implementation managers/ERP developers covering SAP and Oracle systems are sought. Candidates are needed for ERP implementation and upgrade projects in financial and warehouse management modules across retail, manufacturing and professional services.”
- Lawyers: “Demand is highest within restructuring and contentious/non-contentious insolvency, for banking and financial services litigation as law firms deal with the fallout from failed transactions.”
- B2B business development: “These candidates are sought for revenue generation, while client services and e-marketing candidates are also needed in retail operations. Online marketing and CRM solutions are required as corporations look for alternative income streams.”
The full Hays Quarterly Report into hiring intentions and hotspots of demand can be viewed here
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