Majority of construction, and engineering talents eye switching jobs

Talents expect 10% to 20% salary growth in new employers.

More than 50% of talents in the construction, property and engineering sectors are keen on looking for a new job, prioritising a company’s financial performance and stability in their job hunt.

In a report, Randstad said talents in the sector are likely to prioritise stability as the property sector is on “a downward trend” due to increasing interest rates that lead to a lack of project bids.

“As Hong Kong’s property and construction sector navigates through 2024, the industry finds itself at the intersection of talent mobility, market uncertainty, and evolving skill demands,” the report read. 

“Companies that adapt to these changes will be better positioned to attract and retain the talent necessary for success in this evolving landscape,” it added.

ALSO READ: 3 key strategies for Hong Kong retailers to amplify sales in 2024

Randstad noted that the government is implementing several cooling initiatives to stabilise the market and talent demand.

Technical skills in engineering, architecture design, and construction technology, especially building information modelling, remain in demand.

Talents in the sector, particularly junior to middle-level professionals are looking at a 10% to 20% salary raise when switching employers. 

Aside from salary expectations, younger professionals are also looking into non-traditional career paths such as part-time positions, flexible hours, and government opportunities, with a preference for office roles over on-site jobs.