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Flexibility remains job seekers' top priority

Demand remains high for professionals specialising in AI, data analytics and cybersecurity.

Employers with flexibility setups are seen to be the most effective and attractive to job seekers as the demand for work-life balance continues to grow, according to Randstad Hong Kong’s 2024 Market Outlook and Salary Trends Report.

In 2023, Randstad Hong Kong found that even though 3 in 4 Hongkongers said that upskilling is important, less than half received learning opportunities.

Consequently, employers are expected to focus on upskilling and re-skilling to promote a more adaptable workforce prepared to meet the dynamic demands of the modern economy.

ALSO READ: Job market contracts in 2023

Meanwhile, the demand for professionals specialising in AI, data analytics and cybersecurity is seen to remain high across banking and financial services, healthcare, supply chain and technology.

In the banking and financial services sector, a demand for talent in fintech, blockchain, and digital assets is also expected.

Randstad Hong Kong also said that the increasing use of data will drive demand for services related to data protection and data analytics across various functions including consulting, marketing, sales, and human resources.

Employers pursue solutions to address talent challenges around flexibility, agility, and a sustainable pipeline for skilled talent.

“With the cautionary economic and job markets influenced by macroeconomic factors, employers are increasing their talent expectations, oftentimes narrowing their search pool to those with specific in-demand skills and experience in a talent-scarce market,”  Benjamin Elms, Managing Director at Randstad Hong Kong said.

“Whilst hiring top talent is critical for organisations, employers need to be aware of how and where talent expectations have also shifted. Talent wants more than a wage and is seeking more work-life balance, learning opportunities and a sense of belonging,” he added.

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