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Wednesday, July 2, 2014, 14:55

HK jobs to grow at highest pace since 2011

By Timothy Chui/chinadaily.com

 HK jobs to grow at highest pace since 2011
A woman (L) looking to work within the airport industry speaks to an advisor at the Hong Kong International Airport Job Expo 2012 in Hong Kong on Aug 5, 2012. (Photo / AFP)

HONG KONG - Hiring expectations heading into the second half of 2014 are most robust in the Chinese mainland according to a jobs market consultancy study, including Singapore and Hong Kong.

Recruitment consultancy Hudson's biannual jobs report found 47.8 percent of Hong Kong employers planned to increase head counts in the second half, compared to 47.3 percent of employers in Singapore and 53.2 percent in Mainland China.

The nearly half of employers expecting to add staff in Hong Kong is the city's rosiest reading since the fourth quarter of 2011 while intentions to decrease head counts hit a three year low with only 1.6 percent of respondents planning to do so.

The manufacturing and industrial sectors are expect to see the biggest gains followed by the consumer and financial sectors.

"Retail operations roles, such as store managers and visual merchandising are sought after in the market. For fast moving consumer goods demand is high for brand managers, e-commerce and client relationship management," Hudson Hong Kong general manger Tony Pownall said Wednesday.

Pownall warned trend shifts from luxury goods to mid priced products could create challenges, adding, "growing competition from neighboring markets is also expected to have further impact on businesses which may impact near term hiring trends."

Pownall also noted financial services were rather cautious during the mid year which has been traditionally it's busiest hiring bracket, attributing the slower pace to a wait and see attitude.

Hong Kong's unemployment has hovered just above 3 percent and the additional hiring impetus is expected to put pressure on employers to retain good quality staff and in attracting talent.

The study of 1,737 employers in the region surveyed 241 respondents from Hong Kong, 1,100 from Mainland China and 369 from Singapore.

 

 
 
 
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