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Hong Kong - Robert Walters

Hong Kong - Robert Walters

Hong Kong - Robert

Although economic growth remained conservative in Hong Kong in 2012, numerous IT, infrastructure and construction projects were implemented during the year, which led to a number of job opportunities being created in the process. In particular, systems and application support professionals, project managers, programmers and system architects were hired. The financial services sector was impacted by challenging global market conditions and job levels remained relatively low throughout the year. However, there were some encouraging signs in the front office space, where banks sought corporate bankers in trade finance and supply chain, private bankers and sales professionals in the consumer banking and insurance sectors. Retail and tourism-related companies were also impacted by difficult market conditions and a short-term decrease in consumer confidence. As the local property market stabilises and China’s growth rate remains high, we expect an improvement in Hong Kong’s service-driven sectors during 2013. However, as global economic uncertainty continues, recruitment levels are likely to be relatively low at the start of the year before increasing in quarters three and four. Cost will continue to be a key priority for employers, with existing staff taking on more responsibility as firms seek to keep their operational costs lean. We expect this will impact on companies’ hiring processes, with stringent approval processes put in place and candidates expected to possess the majority of the skill sets required for each role. Attracting and retaining talent is likely to be a key challenge for employers in 2013. When looking for new opportunities, job seekers will seek stability, a clear career path and a company with projected growth. For their part, employers are likely to offer job rotation opportunities as they seek to keep their best employees. HONG KONG With profit margins falling in a number of organisations as poor economic performance continues in the US and Europe, we anticipate a marked decrease in annual bonus payouts within the Hong Kong market. However, salary levels are likely to remain consistent for 2013. Robert Walters Global Salary Survey 2013 2012

Robert Walters - CTgoodjobs.hk
Robert Walters - CTgoodjobs.hk
Robert Walters - CTgoodjobs.hk
Robert Walters - CTgoodjobs.hk
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