Tech talent shortage threatens digital growth in Hong Kong: report

 The demand for technology professionals is on the rise, with 22% of employers planning to expand their technology teams.

Talent scarcity remains the top HR challenge in Hong Kong’s technology sector, with 62% of employers reporting a shortage of skilled technology talent, Randstad reported.

To address this issue, Randstad said 30% of companies plan to increase budgets for hiring technical roles in 2025.

Meanwhile, it noted the demand for technology professionals is on the rise, with 22% of employers planning to expand their technology teams.

Additionally, 16% of employers are specifically seeking talent to support digital transformation and AI integration initiatives.

The potential of AI is becoming a key priority, as companies look to boost productivity and adapt to changing customer behaviors.

The firm said technology integration is not limited to tech-focused firms; it spans various sectors. In the legal sector, digitalization is a top priority, with legal professionals expected to possess tech proficiency and process optimization skills.

The insurance industry is accelerating digital transformation in claims and underwriting, increasing the demand for professionals skilled in data analytics and project management.

In banking and financial services, data analytics and data visualization skills are essential. Professionals with programming expertise, especially traders and portfolio managers, are also in high demand as financial institutions leverage data-driven strategies for growth.

Key technology skills expected to be highly sought after in 2025 include AI integration expertise, data analytics proficiency, programming knowledge, process optimization experience, and expertise in digital ecosystems, especially for administrative and support roles.