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2nd Quarter Newsletter 2017 |
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Hong Kong |
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Hong Kong |
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Hong Kong hiring 2017: increases in head count and salary |
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Although a slight dip in some industries is expected for 2017 and the unemployment rate seems to remain a stable 3.3... |
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Hong Kong Salary Overview |
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China |
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China companies look to branding to attract talent |
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There is a positive outlook on hiring by Chinese companies in 2017 according to a recent survey conducted by an... |
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China Salary Overview |
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Singapore |
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Singapore’s salary and employment outlook |
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The Ministry of Manpower (MOM) has released its fourth quarterly analysis on the labour market situation for... |
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Singapore Salary Overview |
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Thailand |
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Investments in Thailand up by 20 per cent |
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Thailand’s corporate and state enterprises plan to invest more than Bt1 trillion this year, including projects eligible... |
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Thailand Salary Overview |
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Hong Kong hiring 2017: increases in head count and salary |
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Although a slight dip in some industries is expected for 2017 and the unemployment rate seems to remain a stable 3.3 per cent, the total economy is forecast to grow by 2 to 3 per cent, according to Hong Kong Trade Development Council Research.
A recent survey by a global multinational firm shows that 35% of Hong Kong employers expect to increase head count this year, mainly focusing on mid-level employees. Furthermore, 58% of employers expect to increase salaries by up to 5 per cent. The reason for this might be linked to their beliefs on talent attraction and retention; 68% of participants think salary increases contribute to these topics. Career progression (64%) and workplace flexibility (37%) are believed to influence attraction and retention of talent as well.
Not only the shortage of talent in the market and the decline in head count for multinationals (demanded by international headquarters) but also the fact that job seekers seem to start preferring flexibility and variety in employers, leads to the prediction that hiring contract workers will increase, according to a report by another multinational recruitment firm. It says that it already saw an increase of contract hires by 20% in 2016. Contract employment does take up head count and attracts a different group of job seekers, giving organisations access to a new talent pool. Next to offering contract roles, organisations are also expected to increase their outsourcing of large-scale recruitment to external agencies.
These positive developments for talented job seekers also lead to higher demands, specifically in the digital and financial technology industries. Organisations in these industries face talent attraction challenges since they are looking for talent with relatively novel skills, like app development and social media marketing. The relatively small number of suitable job seekers that is available to these organisations get an almost unlimited amount of companies to choose from. However, it seems that most of the technology talent is interested in Fintech companies nowadays, mainly because they feel it to be an area of growth with the potential to make large returns.
A final development organisations should consider in the war on talent is the changing attitude of job seekers towards Chinese organisations. Where Chinese companies were considered unattractive a few years ago, due to the globalization of Chinese brands and limited opportunities in the job market job-seeker sentiment towards these firms is becoming a lot more positive. The fact that Chinese organisations have implemented competitive remuneration packages and clear career progression opportunities adds up to the attractiveness of Chinese companies, and therefore to the talent attraction challenges for Hong Kong companies.
Source:
http://hong-kong-economy-research.hktdc.com/business-news/article/Market-Environment/Economic-and-Trade-Information-on-Hong-Kong/etihk/en/1/1X000000/1X09OVUL.htm
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Gemini Spring Dinner 2017 |
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In February we welcomed the Year of Rooster with our annual spring dinner at the Kowloon Hotel with both Hong Kong branches attending. We enjoyed a fun evening filled with great food, fun games and some fantastic Lucky Draw prizes.
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Welcome to our new consultants |
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Senior Consultant - Permanent Division, Ms Flora Lai
Flora has eight years of extensive experience in the recruitment industry and has established herself in the Pharmaceutical, Medical and Healthcare sectors, with a good understanding of (on-going changes) within the Life Sciences industry.
An independent self-starter and creative, proactive and dedicated responsible worker, Flora contributes her success to her ability to attract and maintain industry-leading talents as her key priority and working closely and well with top management and decision makers of large multinational companies.
Senior Consultant - Executive Division, Senior Consultant, Ms Junior Lo
Junior has more than twenty years of experience in Human Capital related positions in corporate companies in the Electronics, Telecoms and Insurance industries before spending her last eight years as a sole proprietor of her own search company. She has gained good credentials among her clients and candidates and works well with people from all walks of life. Her experience covers and includes placement of C-suite and senior level positions with multi-national companies in the Manufacturing, High-Tech and Fast Moving Consumer Goods sectors. She shall be responsible for the furtherance of business growth in Pharmaceutical and Electronics industries with Gemini.
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Top 5 Candidates in Hong Kong |
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Assistant General Manager |
Nationality: Chinese, HKSAR |
Languages: Fluent English, Cantonese and Mandarin |
Based: Hong Kong |
Availability: One month's notice |
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Skills:
Accumulated over sixteen years retail, wholesale & brand management experience in luxury watch, jewelry eyewear and accessories industries. An experienced business specialist with entrepreneurial spirit and vision, with remarkable establishments in Greater China and South East Asia. Broadly involved in the aspects of maximizing business development, devising loyalty programmes and sales strategy planning, formulating various brand marketing initiatives, product training catered for a diversified target audience (including retailers, wholesalers and end consumers). A professional, capable, confident and vigorous candidate.
For more details of this candidate, please contact laurisy@gemini.com.hk |
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Copyright © 2017 Gemini Personnel Limited. All Rights Reserved.
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