Hong Kong Ranks Ahead of Singapore in Talent Pipeline for Key Industries
Latest Findings on Fresh Talent in Key Industries
In a recent survey published by Hays, SCMP news highlights that Hong Kong outperforms Singapore in the fresh talent pool across five significant industries including the life sciences sector. The survey analyzed job listings and candidate profiles, revealing a substantial talent pipeline in these sectors.
Emerging Life Sciences Sector Analysis
- Hong Kong's talent share for professionals with under three years of experience is 38%, compared to Singapore's 33%.
- For those with four to seven years of experience, Hong Kong has a rate of 30%, while Singapore sits at 29%.
The report emphasizes the need for further investment in developing requisite skills for the efficacy of this talent.
Conclusion: Future Implications for Industries
While Singapore leads in experienced professionals, particularly with eight or more years, Hong Kong remains a prime choice for businesses aiming for growth in the finance and insurance sectors. However, the high living costs in Hong Kong may pose challenges for securing cost-competitive talent. The findings indicate that firms should explore the burgeoning talent market in Hong Kong to leverage emerging professionals.
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