An overview of IT recruitment in Q2 2016

With the current slowdown of the global economy affecting Hong Kong, a lot of top-tier financial institutions and MNCs have been carefully controlling their spending on Technology and Innovation initiatives which has inevitably impacted the recruitment trends in the second quarter of the year

Although several high street banks continue to recruit top-tier talent across Application Development, Big Data Analytics, Service Delivery as well as Project and Change Management, the tendency in recruiting on a contractual basis remains to be one of the key challenges. IT Professionals who possess outstanding technical skills in Java, C++, Python, and Matlab are always in high demand across Investment & Corporate Banking, Insurance companies and Financial Services solution vendors.

While we are observing a rapid growth in the FinTech market globally, we have received more and more requests from clients to source candidates with not only, relevant experience in the Financial Technology space such as Online Payment Applications, B2B platform integration, Mobile/handheld development, Digital Content Management, but also strong passion in advanced Technology and aspiration to be part of something new within an organization.

With regard to the limited pool of local experienced talent in FinTech, Digital and Data Analytics, various organisations are putting more efforts in attracting foreign professionals who sometimes don’t necessarily have the ideal experience but demonstrate a huge passion.