Digitalisation is often seen as a threat to the labour market, as many employees are concerned that automation may result in redundancy. However, Randstad Hong Kong’s latest report showed that more than eight in 10 Hongkongers (81%) are positive that digital technology presents them with new opportunities.

upskill to meet demands from new technology

Randstad - one of the largest recruitment and human resources services companies - today released the latest Workmonitor quarterly report that highlights some of the latest workforce and mobility trends. At least 400 employees and job seekers were surveyed in Hong Kong SAR.

Employees and job seekers in Hong Kong SAR are aware that they need to upskill to take advantage of these opportunities that come with technological advancements and new innovations. More than eight in 10 respondents (83%) said that they will need to acquire new skills if they want to work in a digital-led environment. The same number of respondents are willing to personally acquire these skills to guarantee their employability.

companies in hong kong SAR need to invest more in new technologies and training

According to the Randstad Workmonitor survey, 48% of the respondents said that their employer is investing in new technologies within the field of AI such as machine learning, robotics and automation.

Three-quarter of the respondents agreed that these emerging technologies will have a positive impact on their job in the next five to 10 years. While 79% think that their employers should provide them with adequate training to acquire new digital skills and increase productivity, only 46% said that their employers are doing so. In fact, 63% are taking matters into their own hands, stating that they are investing in themselves to learn about AI.

workforce is confident of the younger generation’s ability to shape the future

In Hong Kong SAR, 84% of survey respondents said that students are being taught and exposed to the right digital skills that will help prepare them for the future workforce.

randstad hong kong: mobility index Q4 2018

Overall, the workforce Mobility Index is moderate in Hong Kong SAR in quarter four of 2018.

Compared to the previous quarter, job satisfaction had increased one point to 47.2%. The percentage of respondents who are actively looking for a job had increased from 9.9% to 13.4% in quarter four.

Approximately 34% of the respondents said that they had changed job in the past six months, an increase from 30% in the previous quarter.

technology brings job opportunities infographics
technology brings job opportunities infographics

about randstad workmonitor

The Randstad Workmonitor was launched in the Netherlands in 2003, then in Germany, and now covers 34 markets around the world. The study encompasses Europe, Asia Pacific and the Americas. The Randstad Workmonitor is published four times a year, making both local and global trends in mobility visible over time.

The Workmonitor’s Mobility Index, which tracks employee confidence and captures the likelihood of an employee changing jobs within the next 6 months, provides a comprehensive understanding of sentiments and trends in the job market. Besides mobility, the survey addresses employee satisfaction and personal motivation as well as a rotating set of themed questions.

The study is conducted online among employees aged 18-65, working a minimum of 24 hours a week in a paid job (not self-employed). The minimum sample size is 400 interviews per market. The Survey Sampling International (SSI) panel is used for sampling purposes. The fourth survey of 2018 was conducted from 23 October until 8 November 2018.

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