HR & Education
Hong Kong firms may shell out extra $40,539 per skilled worker to avoid losing talent
Hong Kong firms may shell out extra $40,539 per skilled worker to avoid losing talent
Workers are more inclined to stay amidst hefty paychecks.
Unemployment flat at 2.8% in March-May
This translates to 112,300 unemployed persons.
One in five employers to hire staff in 3Q18
There is shortage of employees in healthcare, construction, and transport.
A fifth of employees are unhappy with their jobs
About one in three believe that they are not well-trained for the digital economy.
Civil service workers to enjoy pay rise for 2018-19
Employees in the upper band and directorate will enjoy 4.06% higher wages.
Weakening dollar is making Hong Kong cheaper for expats
Tokyo, Seoul and Shanghai have overtaken the city in cost of living rankings.
Bosses willing to hike salaries by 7.5% for top financial talent
Finance managers in the 95th percentile can enjoy as much as $720,000 yearly.
Hong Kong's gender pay gap gets worse with age
Women in their 30s earn 11% less whilst those in their 50s earn 25% less than men.
Three out of five jobseekers hunt through mobile phones
Job applications should also be mobile friendly.
Employing expats in Hong Kong cost more than Singapore
A typical pay package is valued at US$268,514 versus Singapore’s US$223,095.
Workers enjoy 5.7% higher salaries in 2018 but also suffer longer working hours
The financial sector continues to churn out generous compensation packages.
Unemployment dips to 2.8% in February-April
Higher employment in the education sector kept the job market tight.
Seven in 10 Hong Kongers abandon dream jobs with drawn out applications
Almost 90% believe that a reasonable waiting period for feedback is up to one month.
Tech talent scheme to launch in June
It aims to accelerate the admission of overseas and Mainland R&D talent.
Failure to plug talent shortage could cost Hong Kong $1.73t in lost potential revenue
The city’s competitiveness could be easily eroded within a decade if companies do not act soon.
3 in 5 companies unprepared for digital reskilling
Recruiters are not future-proofing their human resources for the disruption AI brings.
More than half of employees lament unfair company wages and promotion decisions
They believe companies don’t have existing policies promoting financial well-being.
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