Employers face tight supply as selective scarcity slows hiring

Beyond technical capability, employers increasingly value Mandarin proficiency alongside English and Cantonese.

Hong Kong employers are entering 2026 with what Randstad describes as “selective scarcity,” hiring only for critical roles even as shortages emerge in digital, AI, and other niche skill sets.

In its 2026 Market Outlook & Salary Guide, Randstad Hong Kong said companies that perceive a talent surplus risk delays if they do not secure scarce specialists early.

Demand is strongest in several sectors. Construction is accelerating hiring as Northern Metropolis projects gather pace and require skilled labour quickly.

Insurance and life sciences remain resilient, supported by ageing demographics and growing wellness needs.

Legal, compliance, and cybersecurity roles are expanding in response to the new PCIO law. In banking and fintech, a rebound in IPO activity is lifting recruitment in capital markets, with revenue-generating positions prioritised.

Beyond technical capability, employers increasingly value Mandarin proficiency alongside English and Cantonese, as well as agility and collaboration skills. Randstad said continuous upskilling is becoming essential for career progression.

With unemployment stabilising, the market shows a surplus of senior talent but persistent shortages in specialist areas. Companies are responding by turning to fractional and contract hires and tapping non-traditional talent pools to fill gaps and manage costs.