6 in 10 Hong Kong employers to go on a hiring spree from August-October

Will fresh grads be in demand?

According to the jobsDB Q2 2013 Hiring Index, 59% of Hong Kong employers intend to hire staff in the coming three months and 31% plan to hire fresh graduates. The average monthly salary they plan to offer to university graduates is $12,778, a 5.4% increase over last year. 

Among employers who hired fresh graduates in the last three years, about half of them (48%) said the turnover rate of fresh graduates is 50% or above.

jobsDB Q2 2013 Hiring Index is based on an online survey conducted in July 2013 to gather information on hiring intentions, fresh graduate employment and turnover. A total of 124 companies participated in the survey.

Mr. Justin Yiu, General Manager of jobsDB Hong Kong, says, “The overall hiring pace is expected to keep steady in the third quarter.

Due to uncertainties in the external economic environment, we see an increase of 4% in the number of employers who intend to freeze head count compared with the last quarter. As employers have not regained business confidence, the hiring intentions for fresh graduates show a slight decline.

Last year we saw a higher percentage of employers (37%) who said they would hire fresh university graduates. Amid a cautious hiring climate, the demand for revenue-generating positions that require sales and business development skills is still high.”