Companies will stay cautious about hiring due to an uncertain economic outlook, with salary levels remaining fairly static in 2017. However, a high demand for fintech, e-commerce, and cyber security, among others, will intensify recruitment intentions in those sectors, according to a recent report by Robert Walters.
In 2017, banking and financial services sector is expected to face challenges on the back of complex global economic and monetary conditions coupled with a slowing Chinese economy. Further layoffs and changes in strategy are expected at certain global investment banks, as they commit resources to core business lines.
The report states that, the rising demand for new innovative technology and cyber security, a by-product of the more stringent security regulations and stronger awareness in the market, are the main drivers of the exponential growth of the fintech sector in Hong Kong. The general talent shortage of specialists in fintech, mobile development, e-commerce, big data and cyber security will create a buoyant hiring demand for these talents.
The Belt & Road Initiative is expected to fuel accounting and finance hiring in 2017 amidst the challenging global environment. There will also be a number of job opportunities for candidates with experience across construction and public infrastructure developments.
