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Market insights: Empowering your talent strategy.

Whilst caution is likely to continue impacting Hong Kong’s hiring market, a range of flexible resourcing strategies will be adopted and early 2024 could see some loosening up in headcount budgets as markets recover.


of hiring managers plan to recruit over the next 6 months.


of professionals in Hong Kong plan on actively looking for a new job in the next 6 months, - 13% down from last year.


of employers have lost out on hiring new talent in the last 6 months as they can’t compete on salary and benefits.

The need to support business-critical programmes and time-sensitive roles is driving high demand for experienced contractors and outcome-based consulting.

- Rob SheffieldManaging Director, Morgan McKinley Hong Kong & China

This is your opportunity to Go Beyond all expectations.

How can you be successful in the evolving talent landscape?

The top 5 hiring challenges companies will face in 2024.


of organisations in Hong Kong found hiring ‘Very’ or ‘Quite’ competitive in 2023. The main barriers for recruitment in 2024 are…

  • Employer branding not attractive
  • Pay and benefits not competitive enough
  • No budget to hire
  • No sign-off for new headcount
  • Lack of skilled candidates available

What do people want? Key benefits to offer…


Employees in Hong Kong are not very satisfied with the benefits they receive, with 76% being ‘neutral’, ‘dissatisfied’ or ‘highly dissatisfied’ with their packages.

Offering strong benefits, both financial and non-financial, increases your chance of attracting and retaining top talent.

    Top 5 most desired benefits:

  • Bonus
  • Work from home
  • Health insurance
  • Flexible working hours: Flexi-start, flexi-finish
  • Health and wellbeing benefits and support

Job security is a pressing issue for employees.


Fof employees are either feeling ‘indifferent’ , ‘a bit insecure’ or ‘very insecure’ in their current roles.

    In a time when top talent is scarce, employers should take steps to ease the concerns of their workforce, or risk losing them to competitors.

Up, down or flat? The state of salaries.

Salaries are expected to remain flat in 2024. Whilst competitive salaries are important to attract talent, they don’t always correlate with retaining employees - the full compensation and benefits package offering is going to be key.


of organisations kept their salary bandings level over the second half of 2023.


of employers plan to increase salary offers in 2024 for certain, hard-to-fill roles.


of professionals are optimistic that they will receive an increase in 2024.

2024 Hong Kong SAR salary guide.

Explore salaries to find out how much you should be paying your employees or how much you could be earning this year.

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Download your Salary Guide for 2024.

Salary data, insights and advice to guide your talent strategies. Benchmark what you are paying your teams against the industry averages for roles in your location.

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Advice for successful hiring.