13% growth in the number of job advertisements in Q2 2016

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The number of job advertisements in Hong Kong in the second quarter grew 13% from a year ago, according to our Asia Job Index Q2 2016 research, indicating a stronger than expected demand for top talent despite market concerns.

“The double-digit increase in job advertising was more positive than expected, given the slowdown in Hong Kong’s GDP growth and recent news of job cuts in some sectors. It is important to note that as market sentiment has remained cautious for some time, companies have become accustomed to recruiting in a slower market and are still making hiring decisions for business-critical functions. We also continue to see new opportunities in burgeoning areas such as FinTech, cyber security and cloud computing. Moving into the second half of the year, any sustained market caution and uncertainty in the short term will lead to prolonged recruitment processes.” commented Matthew Bennett, Managing Director - Greater China, Robert Walters.

Key findings

  • HR professionals remained in demand as organisations invested more in internal HR programmes to retain talent, such as learning and development. This resulted in a 25% year-on-year increase in the number of job advertisements.
  • The entrance of tech start-ups and the drive from organisations to strengthen their technology infrastructure to navigate the evolving digital landscape continued to drive the demand for IT professionals, with job advertisements up 21% from Q2 2015.
  • Recruitment for administrative and secretarial roles dropped 5% annually as companies became more cost-conscious and cut down on hiring for support functions.

Click to read the full Asia Job Index Q2 2016 Report.

Growth in other Asian regions

China: Market gradually adjusting to the country’s new growth mode with confidence returning to the recruitment market.

Singapore:  Despite a slowdown in export and investment, the growth in tourism and increased public spending on major infrastructure projects drove hiring.

Malaysia: Tech and digital remain the key in challenging market.

Taiwan: Companies focused on strategic hiring by upskilling and recruiting candidates who can add value to the business.

Click to read the full Asia Job Index Q2 2016 Report.

About the Asia Job Index

The Robert Walters Asia Job Index tracks the number of job advertisements on a daily basis across the executive appointments sections of key newspapers and leading online job boards in China, Hong Kong, Malaysia, Singapore and Taiwan.

Released on a quarterly basis, the report provides an indicative summary of recruitment activity being experienced across major regional markets as well as key industry comparisons.

For more hiring advice, contact us now and speak with one of our specialist recruitment consultants.


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