Hong Kong’s economy is entering more positive territory with several sectors set to increase hiring over the April to June sector increasing competition for the best talent.
This is one of the key findings from the April to June Hays Quarterly Report, which identifies trends in recruitment.
“For employers, knowing the right method to attract the best candidate is a must this coming quarter as competition for talent heats up,” says Dean Stallard, Regional Director for Hays in Hong Kong.
“The Insurance sector is growing particularly strongly and also diversifying product ranges to meet the demands of consumers and also regulatory change and this is creating fierce competition for talent,” Dean says.
“Insurance employers may have to use buy out options to lure candidates away from competitors.”
“In the Accountancy & Finance space, competition for the right talent is very strong, particularly for those with niche skills. Employers may need to consider hiring expatriate talent or attracting back local talent from overseas,” he says.
“Another example can be found in Procurement where top strategic sourcing talent tell us they are looking for better salaries and work life balance.”
“Other areas experiencing a more positive hiring outlook this quarter include Retail and Legal while Life Sciences, areas of Procurement and Supply Chain also look set for more buoyant recruitment levels this quarter,” says Dean.