Challenging Economic Environment Leads to Softening Hiring Market in Hong Kong

Thursday, 14 March 2024, 08:00

According to a recent KPMG survey, the employment landscape in Hong Kong is expected to remain subdued due to economic concerns, with only a quarter of companies planning to hire new staff. Around 16% of businesses anticipate reducing headcount. Amidst this scenario, candidates are considering opportunities in the Greater Bay Area as a viable alternative.
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Challenging Economic Environment Leads to Softening Hiring Market in Hong Kong

Insights from KPMG Survey

Just over a quarter of companies in Hong Kong expect to add staff this year, while some 16 per cent expect to cut headcount, according to a recent survey by KPMG. The findings reveal the challenges in the hiring market amid the current economic outlook.

Job Market Trends

  • Only 25% of companies planning to hire
  • 16% anticipating to reduce headcount
  • Candidates exploring opportunities in Greater Bay Area

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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