HR & Education
Pay raises remain flat as Hong Kong employers prioritise workforce stability
Pay raises remain flat as Hong Kong employers prioritise workforce stability
                                                                                                 
                        
                          The average pay rise will remain at 4%.
                    
                                        
                    
                Luxury and retail top list of preferred sectors for workers in 2024
                                                                                                 
                        
                          Six in 10 workers want to work in the industry.
                    
                                        
                    
                Contracting jobs in high demand in Hong Kong
                                                                                                 
                        
                          Interim hires, who don’t need fringe benefits, are favoured amidst corporate belt-tightening.
                    
                                        
                    
                Health benefits more valued than flex time in Hong Kong
                                                                                                 
                        
                          69% of HR leaders say health benefits are crucial for employee loyalty.
                    
                                        
                    
                Why the talent crisis persist despite a larger pool
                                                                                                 
                        
                          Professionals can command 15% to 20% salary increases in new permanent roles.
                    
                                        
                    
                74% of HK employers open to hiring SEN youths
                                                                                                 
                        
                          Over 76.5% of respondents have not previously hired SEN youths. 
                    
                                        
                    
                HK and Laos ink 12 MoUs covering trade and education collaboration
                                                                                                 
                        
                          Laotian students will receive public university scholarships from the HK government.
                    
                                        
                    
                2 in 5 Gen Zs, Millenials want to ditch their jobs thanks to financial stress
                                                                                                 
                        
                          Both millennials and gen Zs in HK want wellness solutions in the workplace.
                    
                                        
                    
                9 in 10 CEOs embrace hybrid working: survey
                                                                                                 
                        
                          Almost 8 in 10 noted improved employee engagement thanks to hybrid working.
                    
                                        
                    
                Hong Kong's HR sector grapples with inefficient hiring processes: report
                                                                                                 
                        
                          73% of HR professionals rated their company’s process as average or below in efficiency.
                    
                                        
                    
                HK unemployment rate steady at 3%
                                                                                                 
                        
                          The underemployment also remained at 1.2%.
                    
                                        
                    
                Hong Kong ranks 46th globally for work-life balance
                                                                                                 
                        
                          In Asia, it ranked thirteenth. 
                    
                                        
                    
                5 in 10 Hong Kong employees struggle financially: report
                                                                                                 
                        
                          Over a quarter of employees are living paycheck to paycheck.
                    
                                        
                    
                Gov’t launches re-employment allowance scheme for elderly workers
                                                                                                 
                        
                          Participants can receive a maximum of $20,000 re-employment allowance.
                    
                                        
                    
                Breadwinners burdened with finances of 3 dependents on average
                                                                                                 
                        
                          Over 1 in 2 respondents manages the finances of spouses and parents/ in-laws.
                    
                                        
                    
                5 barriers to wider adoption of AI in recruitment processes
                                                                                                 
                        
                          Only 23% of employers use AI in various recruitment stages.
                    
                                        
                    
                Gov’t passes bill to boost social worker standards
                                                                                                 
                        
                          Secretary Sun emphasised the importance of social workers in national security.