The demand for professionals in Hong Kong remained strong between April to June this year, despite a slowdown in luxury retail and export trading.
This was according to Robert Walter’s latest Asia Job Index.
The Asia Job Index which keep track of advertising volumes for professionals in Asia revealed that the total number of job advertisements for professional positions in Asia grew by 11% from Q2 2014 to Q2 2015, as more multinational corporations establish themselves in the region’s key markets.
In Hong Kong, job advertising within the accounting and finance sector and sales professionals grew by 21% year-on-year, followed by IT professionals, with job advertising volumes up 20% year-on-year.
Matthew Bennett, managing director, Greater China, Robert Walters was optimistic about the job market for professionals in Hong Kong.
“We saw a steady increase in the number of job advertisements in the city this quarter, which can be largely attributed to the city’s diversified economy. The overall recruitment market outlook remained positive, with active hiring seen in the accounting and finance, sales and IT sectors. Hong Kong remains the preferred gateway to China for many businesses,”he said.
Bennett explained that the strong demand for jobs in the accounting and finance sector is the result of companies looking to transform their finance function to better support decision making. “Companies want to hire professionals with strong communication and stakeholder management skills. Internal auditors were also in high demand to help mitigate risks under the tightening regulatory environment.” he said.
Developments in big data and social media created a strong demand for IT professionals.
“IT security specialists, developers and programmers were highly sought-after due to the continued growth in cloud, mobile and application technologies,”said Bennett.
Looking on the downside the slowdown in some European markets and the Chinese economy has weakened consumer demand and led to a decrease in exports in Hong Kong. “As a result, we saw a 9% drop in job advertising for product and logistics operations roles,”said Bennett.
The hottest job in Hong Kong
1. Accounting and finance
2. Sales professionals
3. IT professionals
4. Customer service and account service