Rising IPO Deals Hike Salary Offers in Hong Kong

Earnings of Hong Kong's finance professionals are rising amid growing initial public offerings, reports the South China Morning Post, citing a survey recruitment portal eFinancialCareers.


The post notes that competition for finance skills in short supply has led to employers hiking salaries by 15% to 20% just to prevent staff from leaving for another company, raising concerns among employers that a bidding war for talents might break out, says the Post.


Job offerings in Hong Kong's finance sector have increased 72% year-on-year in the first nine months and 93% in the Asia Pacific region, says the Post.


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