of employers are planning to hire new permanent, temporary or contract staff in the next 6 months.
of professionals plan on looking for new roles in the first half of 2023.
of employers think they will lose staff to other organisations with higher earning potential.
Until availability of talent and pay expectations return to normal levels, there will be plenty of competition to hire. The potential for significantly higher earnings when moving roles remains.
- Robert SheffieldManaging Director, Morgan McKinley Hong Kong & China
This is your opportunity to Go Beyond all expectations.
How can you increase your hiring success rates?
1. Top 5 reasons professionals want to move roles.
of professionals intend to look for new jobs in the first half of 2023. Here are the main reasons for wanting to move...
- Higher salary
- Career development opportunities
- Meaningful and impactful work
- More role security
- Better culture and leadership
2. Key benefits to offer.
According to our research, only 20% of professionals have a say over the benefits they can choose. If you give your people greater flexibility around their benefits, you stand more of a chance of successfully hiring in 2023.
In terms of benefits that professionals in Hong Kong actually desire and value, the top 5 are:
- Health insurance
- Flexible working hours
- Work from home
- Dental and vision insurance
- Allowance for training/qualifications
3. An element of flexibility in working patterns.
According to our research, the preference for the number of days in the office when applying for a new role is as follows:
Interestingly, in many countries 1 or 2 days per week in the office was the preference of working patterns when looking for a new role. For Hong Kong, that high level of flexibility doesn’t seem to be so important. Still, giving your workforce some freedom around where and when they do their work should be a focus.
The state of salaries in Hong Kong...
In a highly competitive hiring market, where the jobseeker is often in multiple processes at once, those that offer the most substantial increases in pay are more likely to be chosen.
31%
of employers have had to offer higher than anticipated salaries to attract new employees.
54%
of employers have had to increase salaries to retain existing staff in the last year.
69%
of employers think salaries in their specific sectors will rise again in 2023.
2023 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 2023.
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.
Get your copyA 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.
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.
How to make a job offer that will get accepted
After days, weeks or even months of sourcing, shortlisting and interviewing candidates,
Why an effective candidate experience matters to your hiring
People love to talk about when they’ve had a good experience. They love - even more - talking about bad experiences.
