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.
 



MORE ARTICLES ON COMPENSATION AND BENEFITS

Suggested Articles

Some of you might have already been aware of the news that Questex—with the aim to focus on event business—will shut down permanently all media brands in Asia…

Some advice for transitioning into an advisory role

Global risks are intensifying but the collective will to tackle them appears to be lacking. Check out this report for areas of concern