Job switchers in property, engineering industry expect up to 25% salary increase

There will be demand in middle to senior levels in four specialisations this year.

Companies in the property, construction, and engineering industry need to review their remuneration package to remain competitive as job switchers in the sector are expecting a salary raise of 15% to 20% on their base pay.

In a report, Randstad Hong Kong said 50% of the job switchers in the field cited financial health as the driving factor in making career choices, citing the 2022 Employer and Research.

“Construction and property companies that want to build an agile and innovative workforce will need to align their brand reflections with their workforce management practices,” the report read. 

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“This would help improve their ability to attract new talent who shares their values and is committed to the same cause of driving the business forward,” it said, adding that hybrid work arrangements are attractive to junior to middle-level professionals.

For 2023, talent demand in the middle to senior levels is expected in the specialisations of engineering, full-cycle managers, real estate investment specialists, and office leasing professionals.

Following the pandemic, Randstad said there is now a need to ensure the building of Smart Cities and business hub developments on a “highly-connected infrastructure network” to encourage collaboration whilst maintaining energy efficiency.  Commercial property firms also need to retrofit their building to cater to online and offline experiences, amongst others.