會長的話

錄自《人才薈萃》 2018年4月號

 

Dear members,

Low Unemployment Rate Presents Challenges for Hirers

According to the latest statistics issued by the Census and Statistics Department, Hong Kong’s seasonally adjusted unemployment rate stood at 2.9% from December 2017 to February 2018, the lowest level in the past 20 years, indicating a full employment situation. As Hong Kong’s economy continues to sustain its growth momentum, to sustain its growth momentum, labour when it comes to expansion. Recently, the Institute released the latest findings of the Second Half-Yearly Survey on Manpower Statistics in 2017, with the overall average staff turnover rate in the second half of 2017 standing at 11.2%, and the job vacancy rate at 7.9% for the same period, compared to 6.5% in the first half of 2017 and 6.6% in the second half of 2016.

The survey involved a total of 74 companies, covering 88,313 full time employees. The three business sectors that saw the highest staff turnover rate in the second half of 2017 were construction/property development/real estate (20.4%), followed by business services/ professional services (15.7%) and retail (14.2%). In terms of job vacancies, retail (20.8%), construction/property development/real estate (9.2%) and community/social/personal services (8.5%) were the three business sectors that registered the highest vacancy rates in the second half of 2017.

With a solid economic foundation, the business confidence and sentiments of Hong Kong’s companies have rapidly improved since the start of the year. This is also reflected in the survey findings, with close to 68% of surveyed companies indicating that they would maintain hiring in the first half of 2018 at a level similar to that in the second half of 2017. The proportion of companies that indicated they would increase staff headcount surged to 20.3% in the first half of 2018, up 6.5 percentage points from the second half of 2017, and the numbers of companies that indicated a planned freeze in headcount and a reduction in hiring for the first half 2018 slipped 1.7 percentage points and 3.6 percentage points respectively from the figures in the second half of 2017.

By business sector, hiring intentions have remained high in construction/ property development/real estate (44.4%), financial services/ banking/insurance (33.3%) and telecommunications (33.3%) for the first half of 2018. These statistics reveal a stronger demand for manpower in Hong Kong’s employment market. In view of the current labour shortages, Hong Kong employers may continue to face an employee-led labour market and will have to put in more effort and come up with innovative measures to recruit and retain staff. From a broader, longer-term perspective, the government should devise and implement proactive measures to unleash potential workforces in Hong Kong, such as facilitating companies to extend contractual retirement age for fit-for-work elderly workers, relaxing requirements for labour importation for industries and professions suffering chronic labour shortages, and allocating more resources to promote retraining and encourage lifelong learning among the others.

Looking ahead, external uncertainties surrounding Hong Kong’s economy such as the escalating trade spat between the US and China may affect business sentiment and employment outlook in Hong Kong in the near term.

 

 

 

David Li

President of HKIHRM

(只有英文版本)


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