SCMP News Highlights Talent Pipeline in Banking, Life Sciences, and More

Monday, 23 September 2024, 12:16

SCMP news reveals that Hong Kong has a more abundant fresh talent pool than Singapore across key industries. This includes the banking industries, life sciences sector, and manufacturing, according to a global survey. With a focus on emerging talent, Hong Kong stands out for its competitiveness, especially in critical sectors. The report indicates a strong talent pipeline but cautions about the challenges presented by high living costs.

SCMP News Explores Talent Dynamics in Key Industries

According to a recent survey by an international recruitment agency, Hong Kong now boasts a larger pool of fresh talent than Singapore across five critical industries: banking, life sciences, manufacturing, engineering, and financial services. The report highlighted that Hong Kong ranked consistently ahead in the category of top emerging talent networks, indicating a robust supply of professionals with less than three years of experience.

The Competitive Landscape of Fresh Talent

Life Sciences Sector: Hong Kong leads with 38% of young professionals, compared to Singapore's 33%.
Engineering: Continues to employ the largest number of individuals globally with significant job openings.
Banking and Insurance: Hong Kong was noted for having significant talent shortages but robust new talent initiatives.

The report emphasizes that while Hong Kong garners competitive advantages in talent, the high cost of living poses challenges for businesses seeking to hire skilled professionals. Additionally, the rankings revealed that the United States and Mainland China still dominate in overall talent supply and demand.

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.