Marked by trade tensions, continuous digital transformation, financial innovation and regulatory changes, Hong Kong’s job market is geared for significant changes in the coming year, says recruiting experts Hays, as part of the city’s top 10 talent trends for 2020.
CEO of recruiting experts Hays, Alistair Cox, says business leaders need to sometimes step off the “treadmill of busyness” and give themselves space to focus on areas and issues which add more value to their organisation.
The surge of digital transformation, financial innovation and regulatory changes in Hong Kong combined with a significantly slowing economy has led to a record number of organisations – particularly within IT, fintech, banking and insurance – turning to flexible recruitment solutions (contracting or temporary workers) to suit their dynamic needs.
The latest Diversity & Inclusion (D&I) report by leading recruitment experts Hays found that an overwhelming majority of working professionals across Asia considered a workplace culture that encouraged and rewarded diverse opinions as the most crucial element in retaining top talent.
Pressure on productivity has seen many businesses try to squeeze more output per hour – but according to recruiting experts Hays, now is the time to explore other approaches.
Organisations across Asia have been ramping up their efforts to mitigate bias in their recruitment selection process in the last year. However, the latest Diversity & Inclusion (D&I) report by leading recruitment experts Hays revealed that most employees across Asia still believe business leaders carry a bias towards hiring people who look, think or act like them.
Caught in the tariff crossfire between Washington and Beijing, Hong Kong is seeing an economic slowdown that has positioned cost-efficiency as a top priority for the region’s supply chain industry. For the labour market, this means slower recruitment activity, a rising preference for hiring contract and temporary workers over permanent staff, and a demand for planning and procurement functions alongside technical knowledge.
Organisations are under pressure to digitalise their customer journey, but there are many considerations business leaders must take into account before they begin, says recruiting experts, Hays.
A clear majority of employers in Hong Kong are eager to employ an overseas returnee in the coming year, and they cite ‘language and communication skills’ to be the top benefit that returnee talent can bring to the table.
While working professionals in Asia are gaining more knowledge on the positive impact of diversity and inclusion (D&I) in the workplace, the slow implementation of D&I practices has resulted in only marginal progression in the region, reveals the latest Diversity & Inclusion report by leading recruitment experts Hays.
