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Hong Kong – Hiring intentions brighten for Q1

16 January 2014

Six out of 10 (62%) Hong Kong employers intend to hire staff in the next three months, up +7% from Q3 2013, according to the jobsBD Q4 2013 Hiring Index. Another 23% of employers plan to keep headcount unchanged, up +4% from Q3 2013.

Mr. Justin Yiu, General Manager of jobsDB Hong Kong, said, “Last year the local economy was stable with a mild GDP growth of about +3%. And for the global economy, if the recovery continues to make good progress, employers should be able to regain business confidence. So hiring activities are likely to grow in Q1 2014, and the growth would become apparent when more people change jobs after bonus payouts. Though there is a slight increase in the percentage of employers who plan to keep headcount unchanged, I think companies still need to make replacement hires. ”

“Overall, the labour market remained steady amid global economic uncertainties in 2013.  Throughout the year Hong Kong was close to full employment with unemployment rate stood at a low level of 3.3%, suggesting a tight supply of labour.  Last year some employers reported that they found it difficult to hire people. This situation is likely to persist in 2014. Our survey shows that frontline and middle management jobs are in demand. I think job seekers should plan ahead for their job search as more vacancies will be available in Q1,” he concluded.


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