Majority of Hong Kong's Employers Find it Hard to Find the Right Talent

by CFO Innovation Asia Staff, 24 July 2012

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Human Capital Management Management

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Robert Walters talent retention

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Talent attraction and retention have emerged as key challenges for many of Hong Kong's Chief Financial Officers.

A survey conducted by Robert Walters during a CFO breakfast forum found that in Hong Kong, 90% of CFOs found it challenging to find talent with the right organisational fit, namely professionals who were able to align themselves with the company’s goals and strategies.

Close to three-quarters (72.5%) of respondents felt that it was difficult to secure the right talent.

When asked about their top priorities for the year, 90% of the CFOs surveyed felt that “maintaining the current revenue/profit margin” would be their key priority which was expected given their job function.

Additionally, 70% of respondents agreed that managing cost was second of their top three challenges.

An interesting point to note however, was that employers also selected “recruiting and retaining the best finance talent” as one of their top three challenges in running their businesses, with 62.5% agreeing so.

The survey findings show that while most senior management remain highly focused on generating profit, talent attraction and retention has emerged as one of the top challenges in managing a business.

In terms of recruitment, the top three challenges faced by CFOs include finding the right talent with the right organisational fit (90%); securing the right talent (72.5%); and managing employees’ expectations (47.5%).

Meanwhile, the top three challenges CFOs faced in running their business include maintaining the current revenue/profit margin (90%); managing cost (70%); and recruiting and retaining the best finance talent (62.5%).

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