HONG KONG SAR RANKS AMONG TOP EMERGING TALENT NETWORKS GLOBALLY ACCORDING TO NEW HAYS REPORT
Market emerged 3rd for top emerging talent network in technology, manufacturing and life sciences, 4th for banking, financial services and insurance, and engineering
Hong Kong SAR, 13 Sep 2024 – Hong Kong SAR was identified as an emerging talent network across five industries in a new Hays report that details markets with the strongest talent profiles, those struggling with the biggest talent deficits, and where organisations can find the most cost-effective talent networks to hire the skills they need.
The report, ‘The Workforce of the Future: Navigating the Skills Disruption', examines five sectors - technology, engineering, banking, financial services and insurance (BFSI), manufacturing and life sciences - in over 30 markets.
“Many markets today have workforces with a large proportion of employees possessing over eight years of experience, with some going up to 75%,” says Sue Wei, Managing Director at Hays Greater China. “Among these markets, Hong Kong was recognised for its emerging talent, with a significant portion of the workforce having 0-3 years of experience.”
Hong Kong was ranked 3rd for top emerging talent networks in technology, manufacturing and life sciences. The market was also ranked 4th for banking, financial services and insurance, and engineering.
“Hong Kong’s competitive advantages with talent make it a prime choice for businesses looking for long-term growth. However, this comes with its own set of challenges, such as investing in and developing the prerequisite skills for talent to function effectively. Leaders looking to capitalise on this market will need to consider the talent they need, where they will be getting it from, what levels of skills and experience they require for the job and how much it will cost,” says Sue.
Additionally, Hong Kong was found to be one of only two talent networks with the most robust talent profiles in life sciences alongside Singapore.
“Life sciences talent in Hong Kong is split neatly within all three quadrants, with 38% in their early careers, 30% with 4-7 years’ experience and 32% with over 7 years’ experience, making it ideal for organisations looking to offshore outsource parts of this function,”said Sue.
About Hays Hong Kong SAR
Hays Specialist Recruitment Hong Kong is the one of the leading specialist recruitment companies in Hong Kong SAR
in recruiting qualified, professional and skilled people across a wide range of industries and professions.
Hays has been in Hong Kong SAR for over a decade and boasts a track record of success and growth. At Hays in
Hong Kong SAR, we operate across the private and public sector, dealing in permanent and contracting positions, and
workforce solutions such as recruitment process outsourcing (RPO) and Managed Service Programmes (MSP) in the
following specialisms: Accountancy & Finance, Banking & Financial Services, Construction, Digital Technology,
Engineering, Finance Technology, Human Resources, Information Technology, Insurance, Legal, Life Sciences,
Marketing & Digital, Office Professionals, Property, Procurement, Supply Chain, Sustainability and Sales. We continue
to strengthen our position in Asia with the world-leading ISO 9001:2015 certification in all our operational markets
including Hong Kong SAR, China, Japan, Malaysia, Singapore, and Thailand.
About Hays
Hays plc (the "Group") is the world’s leading specialist in workforce solutions and recruitment, such as RPO and MSP.
The Group is the expert at recruiting qualified, professional, and skilled people worldwide, being the market leader in
the UK, Germany, and Australia and one of the market leaders in Continental Europe, Latin America, and Asia. The Group operates across the private and public sectors, dealing in permanent positions, contract roles and temporary
assignments. As of 30 June 2024, the Group employed over 11,100 staff operating from 236 offices in 33 countries.
For the year ended 30 June 2024:
– the Group reported net fees of £1,113.6 million and operating profit of £105.1 million.
– the Group placed around 57,700 candidates into permanent jobs and around 225,000 people into temporary roles.
– 13% of Group net fees were generated in Australia & New Zealand, 32% in Germany, 20% in United Kingdom &
Ireland and 35% in Rest of World (RoW).
– the temporary placement business represented 59% of net fees and the permanent placement business
represented 41% of net fees.
– Technology is the Group’s largest division, with 25% of net fees, while Accountancy & Finance (15%) and
Engineering (11%), are the next largest.
– Hays operates in the following countries: Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, the
Czech Republic, Denmark, France, Germany, Hungary, India, Ireland, Italy, Japan, Luxembourg, Malaysia, Mexico,
the Netherlands, New Zealand, Poland, Portugal, Romania, Singapore, Spain, Sweden, Switzerland, Thailand, UAE,
the UK, and the USA.
