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.
- Bonus
- Work from home
- Health insurance
- Flexible working hours: Flexi-start, flexi-finish
- Health and wellbeing benefits and support
Top 5 most desired benefits:
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.
69%
of organisations kept their salary bandings level over the second half of 2023.
47%
of employers plan to increase salary offers in 2024 for certain, hard-to-fill roles.
57%
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.
Compare salaries
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.
A full range of Talent Services...
Whether you need new people to scale up your teams, or you’re looking for specific skills to help your business react fast, our full range of talent services will deliver. We Go Beyond to find you the right people.
Advice for successful hiring.
Pay and Perks: Your Winning Talent Strategy
43% of businesses outlined ‘Can’t compete on pay and benefits’ as the main reason they have lost out on hiring new talent in the last 6 months.
5 reasons why hiring processes are putting off top talent
In the complex world of hiring, finding the right balance often feels like a juggling act.
Recruitment process: How to make better hires in 7 steps
In a tough hiring climate, it is important that your recruitment process is as good as it can possibly be if you are going to hire the most talented people.
