According to the latest labour force statistics released today by the HKSAR Government Census and Statistics Department (Note 1), the seasonally adjusted unemployment rate stood at 3.3% in August - October 2013, same as that in July - September 2013. The underemployment rate also remained unchanged at 1.5% in the two periods.
Randstad Hong Kong's general manager and director, Peter Yu
"Hong Kong's unique labour supply shortage coupled with a shrinking pool of skilled workers will continue to impact employers across all industries especially in the banking, finance, retail and service sectors. With 2014 just around the corner and traditional economic trading partners recovering, the risk is that Hong Kong companies will struggle to compete against overseas competitors who have readily available talent."
"According to a Randstad Workmonitor
survey conducted in the third quarter this year, Hong Kong employees are among the least satisfied group with their current employer in Asia, again indicating that retaining a skilled workforce will steadily become a more expensive proposition and directly affect the competitiveness of any local or international business with operations in Hong Kong. "
If you are interested in talking with Peter on the challenges facing employers and employees or other HR issues facing by Hong Kong, please contact us for arranging interviews.
Tel: (852) 2117 5007
Note 1: http://www.censtatd.gov.hk/press_release/pressReleaseDetail.jsp?charsetID=1&pressRID=3191