Having arrived in the second half of 2017, recruitment firm Links International looked back on the state of Hong Kong’s recruitment market in the first half of the year. Below are some of the company’s reflections on four of the city’s main industries, as well as a brief look at what the future might bring.
Human resources & administration
- The challenge with regards to junior positions remained:
- Compared to last year, more candidates are rejecting offers or undergoing buy-back situations
- Employers requested immediately available candidates more often than previous years, but often make them wait to buy time for
In Singapore, the situation for the first half of 2017 was similar with a slow job flow. Due to financial instability, companies are not expanding their HR headcount. Instead, more look to hire contract workers for HR projects. Going forward, senior HR roles are expected to pick up as organisations look to have their HR department ready for 2018.
Sales & marketing
- Job flow increased by around 10% compared with the first half of 2016
- Candidates have been cautious, not feeling positive and looking to remain in more stable environments
- Hot recruitment areas were in operations and digital marketing, followed by relationship management and key account management in the lifestyle sector
- Going forward, there may be a shortage of candidates, as they remain reluctant to move despite the market picking up
Banking & financial services
- There were f
In Singapore, recruitment picked up over the first half of 2017, but
Temporary & contract
In Singapore, temporary and contract hiring increased in the first half of 2017. The contract duration has reduced, with more four to five-month contracts rather than six to nine or 12-month contracts. However, contract extensions and conversions into permanent positions increased compared to last year.
Photo / 123RF