More companies are looking abroad to source overseas talent for high level roles in response to the shortage of local talent, says recruiting expert Hays.
In their latest Hays Quarterly Report, for the July-September quarter, the recruiter found that along with using traditional methods of recruitment, employers are looking at new and innovative ways to attract new talent from overseas.
“Hiring is strong again, with employers acutely aware of the deep shortage of skilled candidates in the market,” says Emma Charnock, Regional Director of Hays in Hong Kong and China.
“While local talent exists, candidates are not necessarily available or open to new opportunities. As a result, finding quality candidates with the right cultural fit as well as strong technical skills for high level roles continues to be a recruitment challenge.
“This is why employers are increasingly looking at overseas talent when their vacancies have been hard to fill locally, as long as international candidates have some APAC experience. They are also becoming more flexible in terms of transferable skills.
“Certainly there are some employers who are not looking at candidates outside of Hong Kong, given their need for local experience. Yet other employers are willing to look outside of South East Asia.
“For example, our Hays Finance Technology specialism is seeing a large number of vacancies becoming available to overseas candidates. We are also running supplementary candidate generation programs in locations such as Canada, the UK and Australia to offer a pool of returning local candidates.”
According to Hays, employers are attracting overseas skills with a ‘best in breed’ strategy. “The ‘best in breed’ strategy continues to dominate employment plans. Dedicated to securing a specific individual, employers are utilising the Hays global network to screen candidates across a number of countries to source the very best.”
View the full Hays Quarterly Report at www.hays.com.hk/report
Hays, the world’s leading recruiting experts in qualified, professional and skilled people.
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Hays is the leading global specialist recruiting group. It is the expert at recruiting qualified, professional and skilled people worldwide. It operates across the private and public sectors, dealing in permanent positions, contract roles and temporary assignments.
As at 30 June 2011, Hays employed 7,620 staff operating from 255 offices in 31 countries across 20 specialisms. For the year ended 30 June 2011, Hays reported net fees of £672 million and operating profit of £114 million and placed around 60,000 candidates into permanent jobs and around 190,000 people into temporary assignments. 31% of Group net fees were generated in Asia Pacific.
Hays operates in the following countries: Australia, Austria, Belgium, Brazil, Canada, Colombia, China, the Czech Republic, Denmark, France, Germany, Hong Kong, Hungary, India, Ireland, Italy, Japan, Luxembourg, Mexico, the Netherlands, New Zealand, Poland, Portugal, Russia, Singapore, Spain, Sweden, Switzerland, UAE, the United Kingdom and the USA.