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The rapid growth of the retail industry translates to an increasing need for the hiring and grooming of local retail workers
MACAU, April 12, 2012 /PRNewswire-Asia/ -- Alongside the incredible pace at which the gaming and tourism industry in Macau has been developing, the retail sector is also quickly maturing, having benefitted much from the city's exponential growth. Since 2009, Macau's sales revenue has increased 40 per cent year on year -- especially in regards to luxury fashion, high-end jewellery and watch brands. The growth has also led to an increasing demand for well-trained and knowledgeable retail workers, as well as a respective competitive increase in retail salaries.
With the opening of megamalls and luxury shopping centres such as Sands Cotai Central, which opened earlier this week, it is evident that more and more international brand names are seeking to penetrate the local market. The rising numbers of luxury retail outlets also translates to an increase in the hiring of local workers, as the demand for quality retail services is projected to continue to increase over the next few months. The hiring experts at macauHR project that salary ranges will also be raised higher, as companies will be seeking to retain the loyalty of their talents. For example, fashion label brands may even adjust their wage levels to catch up with the higher salary ranges provided by jewellery brands, in hopes that this will result in a lower turnover rate.
And while it is relatively easy for brands to recruit new junior staff, a shortage of experienced managerial staff in Macau and the high turnover rate represent a larger issue for retail firms. According to Cherry Chu, Recruitment Manager at macauHR, internal grooming and the development of management training programmes are of utmost importance if brands are seeking to retain talent.
"Macau needs to develop a new HR system," says Chu. "Companies here should work on developing ones that are similar to the system in Hong Kong, which offer regular promotions and raises."
Compared with Hong Kong, Macau employees are also more demanding. According to recent research data, most retail workers expect promotions and salary raises earlier on in their career. Chu offers the following tips for those who aspire to rise to managerial positions in the local retail market: "Management candidates must have excellent English speaking skills, good communication skills, as well as a stable career track record." She says. "These are essential qualities for moving up to managerial levels in the retail sector."
ABOUT macauHR
Since its launch in July 2005, macauHR (www.macauHR.com) has grown to become the most visited online job website in Macau. Currently, the site has the largest talent pool in Macau; macauHR has gained much support among employers and the media as the site of choice in the market. With our commitment to continuous improvement, macauHR provides you with a functional, attractive, and user-friendly interface for job ads. It also contains all the information and advice required for job seekers and employers alike. macauHR is configured to facilitate both recruiting and job seeking, easily and efficiently. macauHR is a member of Ignite Media Group.
ABOUT IGNITE MEDIA GROUP
Ignite Media Group (www.igniteasia.com) is a growing media conglomerate of online, out-of-home and print enterprises dedicated to promoting Macau as a premier entertainment destination. The Group includes several market-leading media brands: Macau.com, Qoos.com, Aomen.tv, Destination Macau, EC-Ad, Directel Macau, Prism Productions, Vproperty.mo, macauHR.com, Engage, New Macau Box Offices, and Ignition, a boutique marketing agency with expertise in digital marketing, event management, public relations, and custom publishing. Ignite Media Group is the exclusive Macau partner of several of Asia's Leading Media Brands including CNNGo, Groupon, ChinaMobile, Tencent, Youku.com, SINA, and OpenRice.com.
