Employee recruitment and retention will be one of the biggest challenges.
Businesses in Hong Kong are concerned that the continuing skill shortage will severely impact their operations this year, according to recruiting experts Hays.
The 2017 Hays Asia Salary Guide reveals that 91 per cent of employers in Hong Kong are still struggling to find the skilled individuals they need.
The Hays Salary Guide highlights salary and recruiting trends drawn from more than 3,000 employers across Japan, China, Hong Kong, Malaysia and Singapore representing six million employees as well as the salary ranges for more than 1,200 roles.
“The ability to attract and retain the best talent always provides a company with a competitive advantage, but in 2017 with skill shortages persisting and significant changes and challenges on the horizon, it is more important than ever,” says Christine Wright, Managing Director of Hays in Asia.
The skills shortage in Hong Kong has been well documented and as business operations are likely to be affected throughout the year, employers are encouraged to invest in the training and development of staff and to become more strategic in their talent management practices.
“Recruitment and retention of talented employees will undoubtedly be one of the biggest challenges facing employers this year, and heightens the need for a review of recruitment policies and procedures in the midst of a war for top talent,” adds Christine.
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