Flexible hiring as a result of Hong Kong’s transformation

According to recent research within the business community, approximately 63% of Hong Kong employers plan to hire contractors this year.

Hong Kong is currently undergoing numerous transformation projects, which demand immediate talent. Employers face challenges in securing headcount approval for permanent roles, making contracting an attractive option for quickly and efficiently bringing in staff.

The survey revealed that 51% of employers began recruiting contractors in 2023, while 12% did not hire any contractors that year. The highest demand is seen in the IT and finance sectors, with accounting, human resources, and business support following closely behind.

The flexibility of contract work is also appealing to candidates. Many professionals today prefer short-term engagements of 6-12 months, allowing them to develop their skill sets and explore new opportunities without committing to long-term roles.

Professionals with strong technology skills, including developers, data analysts, and technical engineers, are in high demand. There is also a consistent need for business support roles, ranging from HR administrative duties to general business operations. Additionally, there is growing demand for middle-office roles such as Client Onboarding, KYC, and business management.

The ability to onboard new talent quickly enables businesses to implement projects faster, deliver stronger results, and maintain greater flexibility.

Looking ahead, this trend is likely to lead to broader acceptance of contracting as a viable career path. We can also expect more large institutions to adopt contractor models, driving higher demand and increased competition for talent.

Mayon Solutions Limited possesses the expertise to assist you with setting up your business in Hong Kong and providing ongoing support, including guidance on hiring both employees and contractors.

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