HONG KONG, Jan. 16, 2015 /PRNewswire/ --
- 78% employees have enjoyed a pay increase in the past 12 months
- 2 in 3 employees are seeking a new role
- Job satisfaction / career development is the most important aspect of work
For HR professionals, Hong Kong and the APAC region represent a fast-moving employment market. The REED 2015 Salary Survey and Market Insight report reveals many positive trends but also highlights a number of challenges faced by companies and organisations seeking to recruit and retain quality personnel.
Leading Trends
Hong Kong's strong 2014 economic performance is set to continue and expand throughout 2015 with estimated growth between two and three per cent. As a consequence, Hong Kong continues to attract significant levels of foreign investment, further fuelling expansion and a buoyant jobs market across many market sectors. The financial sector maintains its strength, while the digital marketing, e-commerce and sales & marketing sectors are seeing positive labour movements. Hong Kong has also witnessed an increase in government activity, particularly in infrastructure projects, which has fuelled growth in the property and construction jobs market. Companies and organisations face several challenges whilst attempting to resource, however the recent political unrest centred in Hong Kong has not, as yet, significantly dampened the employment market.
"From the data collect as part of the survey, the market outlook for 2015 seems very positive with many companies having the confidence to expand in the year ahead," said by Nick Fenn, the REED Country Manager for Hong Kong.
A Candidate-led Market
Like all major economic centres experiencing growth, Hong Kong suffers from a shortage of high-calibre candidates across many sectors.
"Candidates are as usual in short supply so it will remain a competitive marketplace for firms to attract and retain talent - in addition to pay and career development they also need to focus on training and development, branding, vision and culture," Nick Fenn said.
Launch of the REED Salary Guide and Market Insight 2015
The launch of the REED Salary Guide and Market Insight 2015 took place on Thursday 15 January at the Kee Club, Wellington Street, Central Hong Kong. Approximately 70 guests attended the 2-hour afternoon launch, the majority of which were senior managers from a wide range of industries including Banking, Insurance and Retail. Guest speaker Kevin Bowers, Partner Solicitor Advocate, from Howse Williams Bowers, who specialises in employment law, addressed guests and delivered further interesting insight from the Hong Kong employment market.
The REED 2015 Salary and Market Insight report can be obtained by visiting https://www.reedglobal.com/en_HK/web/reedhk/salary-guides.
About REED
REED is one of the leading, privately owned recruitment businesses in the world, and exists as a specialist provider of permanent, temporary, contract and outsourced recruitment solutions, IT and HR consulting.
Founded in 1960, REED currently employs over 3,000 people in 180 locations across Asia-Pacific, Europe and the Middle East and is rightly considered a global leader in the middle to senior level recruitment.
About the Guide
REED has combined considerable experience of the Hong Kong jobs market with independent research to compile the REED Salary Guide and Market Insight 2015. Research was carried out using an online panel of 749 employees and employers working in a variety of industry sectors and job levels across the Asia Pacific region.
The REED Salary Guide was released simultaneously in 14 countries throughout Asia, Australia, Europe and the Middle East.
For further information please contact:
REED,
12/F, 8 Queen's Road Central,
Central, Hong Kong
T: +852-3696-5900
E: info.hongkong@reedglobal.com
