【人才短缺】報告：香港人才短缺率達17年來最高點 高於全球平均的77% Report shows Hong Kong's talent shortage rate hits a 17-year peak, exceeding the global average of 77%
According to the recently published Q2 2023 "Employment Outlook Survey" report by ManpowerGroup Hong Kong, 85% of Hong Kong employers are facing talent shortages and recruitment challenges. The talent shortage rate has reached its highest point in 17 years, surpassing the global average of 77%.
The survey, which interviewed 510 employers, revealed the top five in-demand skills as: information technology and data (43%); engineering (28%); sales and marketing (25%); environmental, social, and governance (ESG) risk/ advisory/governance (22%); and sustainability/environmental (21%).
Due to the pandemic and immigration wave, Hong Kong's labour force has sharply declined by 190,000 in the past three years. Lancy Chui, Senior Vice President of ManpowerGroup Greater China Region, stated that this significant drop in the labour force is due to structural talent loss, making it difficult to compensate for the 190,000 labour force gap in the short term. With the current economic recovery and increased hiring across industries, Hong Kong's talent shortage problem is expected to become more severe in the next one to two years.
Chui pointed out that the reasons for talent loss vary, and whether they return remains uncertain. She believes that these talents hope to settle in places with strong economic development and promising prospects, but they might return if they cannot adapt or find suitable jobs. She also observed that more and more companies are willing to accommodate or hire employees residing overseas to handle Hong Kong businesses.
The “State of Global Hiring Report" released by Human Resources platform Deel shows that Hong Kong companies are actively recruiting globally to fill talent gaps and meet post-pandemic demands. Based on the corporate recruitment rate, Hong Kong ranks second in the Asia-Pacific region and sixth globally. Hong Kong companies most frequently hire remote employees from Ukraine, India, the Philippines, the United Kingdom, and the United States.
To alleviate the talent shortage, Lancy Chui suggests that Hong Kong should consider whether some positions require the introduction of foreign workers, and businesses should not solely rely on the government. They should take multiple measures to improve, such as increasing internal training and promotion opportunities, enhancing remuneration and benefits, etc. She also mentioned that many companies hire temporary employees through outsourcing to alleviate the labour shortage problem. Furthermore, companies should explore the application of artificial intelligence and automation technologies to boost efficiency, which can ultimately help reduce the demand for labour.
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