132 views
Photo by Timelab on Unsplash

Digitally-skilled employees can boost HK’s annual GDP by US$47.5b: study 

Those with advanced digital skills can contribute about US$5.4b.

Employees with digital skills can boost Hong Kong’s annual gross domestic product (GDP) by US$47.5b, the AWS Hong Kong Digital Skills Study revealed.

The study added that advanced digital employees alone contribute an estimated US$5.4b to Hong Kong’s GDP

“This is attributed to higher salaries that these employees earn compared to those with a similar education who do not use digital skills at work,” the study stated.
 
Employees with advanced digital skills earn 58% more than similar employees who do not use digital skills which translates into individual gains of US$19,699. 

Apart from higher salaries, employees (50%) who use advanced digital skills also have higher job satisfaction, compared to those with intermediate skills (26%) and basic digital skills (36%).

Employers also benefit from advanced digitally-skilled employees and the use of digital technology, according to the study, adding that they reap higher business growth and innovation.

The study found that 65% of digitally advanced organisations in Hong Kong introduced new, innovative products in the last two years, compared to 51% of their less digital counterparts. 

More than half (57%) of organisations that run most of their business on the cloud also reported steady annual revenue growth of 10% or more, compared to 30% of those that use the cloud for some of their business. 

Follow the link for more news on

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

HK approves 15 building plans in March 
Four were approved on Hong Kong Island, two in Kowloon, and nine in the New Territories.
75% of HK consumers shop on social media: report
Features such as payment methods, personalisation, and payment security are also crucial for attracting customers.