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2024

HongKongTalentTrendsReport

PREFACE

Welcometothe2024HongKongTalentTrendsReport.Inthisreport,wedelveintothejobmarketlandscapeofboth2023and2024,providingvaluableinsightsintotheoverallstateofemployment.Weexaminethetrendsthathaveshapedthejobmarket,fromthemostin-demandskillsandqualificationssoughtbyemployerstothechallengesfacedbyclientsandcandidatesduringtherecruitmentprocess.

Byexploringthein-demandskillsandqualifications,weaimtoequipjobseekersandprofessionalswiththeknowledgetheyneedtoaligntheirskillsetswithindustrydemands.

Wealsoaddressthechallengesfacedbybothclientsandcandidateswhensearchingforsuitablecandidatesorjobs.Fromtalentacquisitiondifficultiestojobsearchobstacles,wedelveintothecommonpainpointsandofferpracticalsolutionstoovercomethesechallenges.

Furthermore,weanalysethesalarytrendsprevalentinHongKong,sheddinglightonhowcompensationpackageshaveevolvedacrossvariousindustriesandfunctions.

Wethereforeinviteyoutodiveintothisreport,exploretheoveralljobmarkettrends,discoverthemostin-demandskills,gaininsightsintothechallengesfacedbyclientsandcandidates,andstayinformedaboutthesalarytrendsthatwillinfluencecompensationdecisionsinthecomingyear.

Together,letusnavigatethejobmarketlandscape,embracetheopportunitiesthatlieahead,andshapeafuturewheretalentthrivesandindustriesflourishinHongKong.

ABOUTUS

KOSInternationalHoldingsLtd(KOSGroup)isaone-stopHRserviceproviderlistedontheStockExchangeofHongKong(8042.HK),offeringcomprehensiverecruitmentandHRservices,includingsecondmentandpayrolloutsourcing,acrossdiverseindustriesandregions.

WecurrentlyoperateinHongKong,Macau,Shenzhen,Guangzhou,Shanghai,andSingapore,andarecontinuouslyexpandingourpresencetoservemoreregions.

Wehaveaproventrackrecordofsuccessfullyplacingcandidatesacrossvariousdisciplines,cateringtoclientsofallsizes.

Weareproudtohaveateamofover100professionals,eachequippedwithstrongindustrialexperienceandexpertise.

CONTENTS

00.

Preface

01.

AccountingandFinance

02.

BusinessSupport

03.

HumanResources

04.

Legaland

CompanySecretarial

05.

SalesandMarketing

06.

SupplyChain

andProcurement

07.

Technologyand

DigitalTransformation

08.

FinancialServices

09.

Food&Beverage

andHospitality

10.

Healthcareand

LifeSciences

11.

ProfessionalServices

andEducation

12.

PropertyandConstruction

00

01

05

09

13

17

22

26

30

34

38

42

46

AccountingandFinance

01

2023

In2023,thejobmarketintheaccountingandfinancesectorreboundedinQ2ascompaniesreopenedandrehiredforoperationalrolestosupportincreasedtransactions.However,thehiringpaceforsenior-levelpositionsslowedcomparedtothepreviousyear.Ontheotherhand,thejuniortomid-leveljobmarketremainedhighlyactive,withsectorssuchasRetailandFoodandBeverageseekingmoreaccountingandfinancetalentfortheirpost-COVIDbusinessrecovery.

Bothclientsandcandidatesfacedchallengesintheirsearchforsuitablecandidates/jobs.Clientsexperiencedatalentshortageasdemandforjuniortomid-levelcandidateswashighbutdeclinedofferscausinglast-minutegapsintheirworkforce.Additionally,clientsstruggledtofindseniorcandidateswiththerighttechnicalskillsandwhowereaculturalfitfortheirteams.

Candidates,particularlythoseatthemidtoseniorlevel,encounteredprolongedjobsearcheslastingoverthreemonthsduetochanginghiringdirectionsandorganisationalchanges.Theweakcapitalmarketfurtherintensifiedcompetitionforfinancecandidates.Moreover,therelocationofAPACofficeslimitedregionalpositionsinHongKong,makingitchallengingforcandidatestosecurecountry-specificroles.

HotJobFunctionsin2023

Accountant

Financial/BusinessAnalysis

InternalAudit

ITAudit

Treasury

Tax

Investment

FinanceTransformation

10%

5% 25%

10%

10%

18%

10%

12%

02

2024Q&Awithourspecialists

1.Howwouldyouforecasttheoveralljobmarketinyoursectorin2024?

The2024jobmarketisexpectedtoresemble2023,withemployersstillfacingatalentshortageinAccountingandFinance.However,anewtalentpoolfrommainlandChinamayhelpalleviatethisissue.Jobvacancieswillprimarilystemfromcareerchanges,successorplanning,relocations,andnewpositionscreatedtomeetcompanies’needsincostcontrol,performanceanalysis,transformation,andfinancing.

Whatwillbethemostin-demandskillsandqualificationssoughtbyemployers?

SuccessfulcandidatesshouldholdprofessionalqualificationssuchasCPAandCFA,accompaniedbyadiverserangeoftechnicalskillssuchasBItools,systemimplementation,andprojectmanagementforfinancetransformation.Additionally,theyshouldpossessessentialsoftskillssuchasfinancebusinesspartnering,stakeholdermanagement,andchangemanagement.EmployersmaystarttoreviewtheirinternalresourcesforESGreportingtopreparefortheadoptionofISSBStandardsinJanuary2025.

Whatisthepredictionforchangesinsalarytrendsorcompensationpackagesfromaclient’sperspective?

AccountingandFinancecandidatesshouldexpecttoseea10%salaryincrease.BigFourcandidatesshouldrequestcomparablepayorexpectaslightreductionwhenmovingintothecommercialfield.Clientswillhavelimitedbudgetsandwillbehesitanttoofferhighersalaries,exceptforpositionsrequiringrareskillsets.

03

2024Q&Awithourspecialists

Howdoyouthinkadvancementsintechnology(ImpactofAI)willshapethejobmarketinthefuture?

Employerswillexpectfinanceprofessionals’contributionsnotfortransactionaltasksinthefuture.LeveragingAI,financetalentisexpectedtohavemoreresourcestomake

judgements,undertakebusinesspartnering,andinfluencestakeholderstohelpbusinesses.

FinanceBusinessPartner

Role(FP&A/Commercial

planningandanalysis

focus)

HotJobFunctionsin2024

All-roundedFinance

Role

Finance

TransformationRole

04

Business

Support

05

2023

In2023,thejobmarketintheSecretarialandOfficeAdministrationsectorexperiencedconsistentdemandfortalent.However,theincreaseindemandforthoseproficientinMandarinhasledtoanincreaseinthehiringofimportedtalentfromChina.Thisresultedinmorecompetitionforjobseekers.ClientsfrommainlandChinaoftenpreferredcandidateswithasimilarculturalunderstandingtotheirowntoensurealignmentofexpectations.Itisworthnotingthatjobmovementwithinthissectorwasuncommonasprofessionalstendedtobestableintheirpositions.

Bothclientsandcandidatesfacedchallengesintheirsearchforsuitablecandidates/jobsin2023.Clientsencounteredatalentandbiddingwaroversalarypackages,retentionissuesduetocounter-offers,candidatesbeingreservedandcautiousdespiteshowinginterest,andresignationsduringprobationperiods.Ontheotherhand,candidatesfacedchallengessuchasexpectationgapsbetweenbudgetandmanagementstyle,preferencesformultinationalcorporations(MNCs)orlocal/Chinesefirms,requirementsforoverseastravel,andconcernsaboutthegrowthofAIreplacingmanualtasks.

HotJobsin2023

PersonalAssistant

ExecutiveAssistant

8%

31%

23%

OfficeAdministration

Receptionist

38%

06

2024Q&Awithourspecialists

1.Howwouldyouforecasttheoveralljobmarketinyoursectorin2024?

In2024,certainroleswillbeparticularlycrucial.WiththeriseofAIandautomation,routinetasksarebeingstreamlined,allowingformorestrategicinput.ItisnowessentialforprofessionalstocollaborateeffectivelywithAIandprioritisesoftskillssuchasrelationshipmanagement.Additionally,inahybridandremoteworkenvironment,theseprofessionalsareresponsibleforfacilitatingvirtualcollaborationsandoccasionallyorganisingeventstobridgethephysicalseparation.

Whatwillbethemostin-demandskillsandqualificationssoughtbyemployers?

In2024,employerswillprioritisecandidateswithin-demandhardskillssuchascalendarmanagement,meetingcoordination,travelarrangements,documentpreparationandediting,budgettracking,expensemanagement,andpresentationpreparation.Theseskillsarehighlysoughtafterbyadministrativeprofessionalsastheyareessentialfororganisationalsuccess.Possessingtheseskillswillenhanceemployabilityandmakecandidatesstandoutinthejobmarket.

Whatisthepredictionforchangesinsalarytrendsorcompensationpackagesfromclient’sperspective?

Generally,employeescanexpectasalaryincreaseofaround3–5%withintheircurrentorganisations.However,forthosewhodecidetochangejobs,theycananticipateasalaryincreaseofupto15%.Candidatesshouldalsoputahighemphasisoncompanycultureandchemistrywiththetopmanagement.

07

2024Q&Awithourspecialists

Howdoyouthinkadvancementsintechnology(ImpactofAI)willshapethejobmarketinthefuture?

AsAIcontinuestoadvance,itistransformingtheadministrativeprofessionbyautomatingroutinetasks,streamliningworkflows,andenhancingproductivity.AI-poweredchatbots,schedulingtools,anddataanalyticssystemsarehelpingadministrativeprofessionalsautomateprocesses,makeinformeddecisions,andimprovecommunicationwithinorganisations.However,althoughconcernsaboutjobdisplacementexist,AIisdesignedtoassisthumanprofessionalsratherthanreplacethem.

PersonalAssistant

Hotjobsin2024

ExecutiveAssistant OfficeAdministration

08

Human

Resources

09

2023

IntheHRsectorin2023,theoveralljobmarketshowedpositivehiringtrendsforjuniortomid-levelpositions,withlimitedlayoffs.However,certainindustries,particularlybanking,experiencedaslowdownandMNCclientshadfeweropportunitiesduetoongoingglobalrestructuring.Whiletherewasaminortalentshortage,cautiouscandidatesandthespeedofrecruitmentaffectedassignmentsuccess.Additionally,clients’financialcautionanduncertaintiesfor2024madeitmorechallengingtosourcesuitabletalent.DespitevariedHRjobopportunities,someclientspreferreddirectsourcingduetocostconcerns.

Thesearchforsuitablematchesposedchallengesforbothclientsandcandidates.Clientsencounteredatalentwar,retentionissues,cautiouscandidates,resignationsduringprobation,commitmentconcerns,marketrumoursaffectingbrandimage,andleadershipchangesimpactingstability.Ontheotherhand,candidatesfacedchallengessuchasbudgetandculturalexpectationgaps,slowrecruitmentprocesses,stiffcompetition,limitedMNCopportunities,andvaryingflexibilityinworkschedules.

HotJobFunctionin2023

HumanResourcesBusinessPartner

HRGeneralist

3%1%

3%

Compensation&Benefits

7%

33%

TalentAcquisition

15%

Learning&Development

TalentManagement/Development

6%

HRIS/HRSystem

10%

EmployeeRelations/Staff

21%

Engagement

HRSharedServices

10

2024Q&Awithourspecialists

1.Howwouldyouforecasttheoveralljobmarketinyoursectorin2024?

In2024,theHRjobmarketwillprioritiseskillsandtalentdevelopment,withemployersseekingcandidateswhopossessexpertisealignedwiththeirorganisationalneeds.Nurturingandupskillingtheworkforcewillbeakeyfocustomaintaincompetitiveness.Additionally,organisationswillprioritiseenhancingtheemployeeexperience,creatingapositiveworkenvironmentthatfosterssatisfaction,productivity,andwell-being.Thismayinvolveimplementingflexibleworkarrangementsandprogrammesthatprioritisework–lifebalance.

However,economicuncertaintiesmayintroducecautionintheHRjobmarket,leadingtonewcyclesoftransformationandchangemanagement.OrganisationswillneedtoadapttochangingmarketconditionsandHRprofessionalswillplayacrucialroleindemonstratingagility,adaptability,andstrategicthinkingtodriveorganisationalsuccessin2024.

Whatwillbethemostin-demandskillsandqualificationssoughtbyemployers?

IntheHRsector,themostsought-aftertechnicalskillsincludeHRtransformationandchangemanagement,HRadvisory/businesspartnering,andtalentengagementandretention.Additionally,themostsought-aftersoftskillswillbestakeholdermanagement,effectivecommunication,strongbusinessandnumericalsense,andtheabilitytoanticipatechangeandpotentialrisks/threats.

Whatisthepredictionforchangesinsalarytrendsorcompensationpackagesfromclient’sperspective?

Ingeneral,talentcanexpecta3–5%salaryincreasewithintheirorganisations,whileajobchangecouldresultinasalaryincreaseofaround15%.

11

2024Q&Awithourspecialists

Howdoyouthinkadvancementsintechnology(ImpactofAI)willshapethejobmarketinthefuture?

Advancementsintechnology,particularlyAI,willshapethejobmarketbycomplementingHRprofessionals’capabilitiesratherthanreplacingthem.AIcanautomaterepetitivetasksanddataanalysis,freeingupHRteamstofocusonrelationshipbuilding,strategydevelopment,andfosteringapositiveworkplaceculture.However,ethicalconsiderationsarecrucialasorganisationsmustensuretransparency,combatbiases,andprioritisedataprivacy.Buildingtrust,maintainingopencommunication,andfosteringalearningenvironmentarekeytosuccessfullyintegratingAItoolswhilepromotingathrivingworkenvironment.

Compensation&

Benefits

HotJobFunctionsin2024

HRAnalytics

HRBusiness

Partner

12

Legaland

CompanySecretarial

13

2023

Thelegalandcompanysecretarialjobmarketin2023showedsteadyhiringacrossallsectors,withafocusonmid-senior-levelpositionsandanincreaseinentrytojunior-levelroles.Thisofferspositiveopportunitiesforjobseekersatvariousstagesoftheircareers.However,findingcandidateswhopossessthenecessarytechnicalskillsandalignwithcompanycultureandvaluesisachallengeforclients.Culturalfithasbecomeacrucialfactorinthecandidateselectionprocessascompaniesseekindividualswhocanseamlesslyintegrateintotheirteams.

Ontheotherhand,candidatesmayfacechallengesiftheylackspecialisedskillsortheexperiencerequiredforspecificjobrolesinthissector.Somepositionshavespecificrequirements,suchasknowledgeofregulationsorindustryexpertise,makingitdifficultforcandidateswithoutthesequalificationstofindsuitableopportunities.

Overall,thelegalandcompanysecretarialjobmarketpresentsopportunitiesbutalsochallengesrelatedtoculturalfitandspecialisedskillsforbothclientsandcandidates.

HotJobsin2023

LegalCounsel

18%

SeniorLegalCounsel

Paralegal

LegalSecretary

LegalManager

7%

29%

36%

11%

14

2024Q&Awithourspecialists

1.Howwouldyouforecasttheoveralljobmarketinyoursectorin2024?

In2024,itisanticipatedthattherewillbelimitednewheadcountavailableinthejobmarket.Instead,thefocuswillprimarilybeonreplacementheadcountduetobusinessrestructuring,particularlyinmultinationalcompanies.Additionally,therewillbeashiftinjobfocustowardsareassuchasdataprivacyandemploymentlaw.Thischangeisdrivenbybusinessdiversificationandexpansion,particularlyintheGreaterBayArea(GBA),involvinglocalconglomeratesandChineseinvestmentcompanies.

Whatwillbethemostin-demandskillsandqualificationssoughtbyemployers?

In2024,candidateswithqualificationsandpriorlegalexperienceintheGBAwillremainhighlysoughtafter.Employersvaluetheirexpertiseintheregion’suniquebusinessenvironmentandlegallandscape,givingthemacompetitiveedgeinthejobmarket.

Whatisthepredictionforchangesinsalarytrendsorcompensationpackagesfromclient’sperspective?

In2024,candidatesmaystillapproachsalaryexpectationscautiously,aimingformodestsalaryincrementsofaround10%fromtheircurrentcompensation.Clients,inresponsetotheeconomicconditions,arelikelytooffercompetitivesalariesthatalignwithmarketratesormatchthesalaryofthecurrentincumbent,ratherthanprovidingsignificantsalaryincreasesbeyondmarketpay.

15

2024Q&Awithourspecialists

Howdoyouthinkadvancementsintechnology(ImpactofAI)willshapethejobmarketinthefuture?

AdvancementsinAItechnologywillreshapethelegalandcompanysecretarialjobmarket,automatingroutinetasksandenablingprofessionalstofocusonhigher-valuework.Humanexpertisewillremaincrucialincomplexlegalmatters,whilecompanysecretariescanleverageAIforstreamliningtasksandstrategicresponsibilities.Adaptingtonewtechnologiesandacquiringdigitalskillswillbeessentialforsuccessinthisevolvingjobmarket.

GeneralCounsel

Hotjobsin2024

LegalCounsel Paralegal

16

Salesand

Marketing

17

2023

1.MarketoutlookinSalesandMarketingFunctions:

RetailandConsumerGoods

Jobopportunitiescanvarybasedoneconomicconditions,industrytrends,andregionalfactors.Generally,thesesectorsofferamoderatetohighnumberofjobopportunities,withawiderangeofpositionsavailableintheretailindustryandstabledemandforrolesinsales,marketing,production,supplychain,andproductdevelopmentinFMCGindustriessuchasFoodandBeverageandPersonalCare.However,theavailabilityofjobscandifferbasedonregionandmarketconditions,withurbanareastypicallyofferingmoreopportunitiesduetohigherpopulationdensityandretailpresence.

Technology,Media,andTelecommunications(TMT)

Thejobmarketinthissectorin2023experiencedsignificantgrowthandahighdemandforskilledprofessionals.Thisgrowthwasfuelledbyadvancementsintechnology,digitalisation,andtheadoptionofemergingtechnologiessuchasAI,cloudcomputing,andtheInternetofThings(IoT).Ongoingdigitaltransformationsacrossindustries,rapidadvancementsinemergingtechnologies,theincreasingneedforcybersecurityprofessionals,thedemandfordatascienceandanalyticsexpertise,thecontinuousrequirementforsoftwaredevelopers,andexpandingIoTandconnectivityareallfactorsshapingthejobmarketinthissector.

IndustrialEngineering,Manufacturing,andInfrastructure

Theoverallmarketwastight,withintensecompetitionforbothjuniorandseniorpositions.Jobseekersfounditdifficulttosecureemploymentduetothehighlevelofcompetition.Ontheotherhand,employersfacedchallengesinfindingqualifiedcandidatesforseniorpositionsduetoashortageofsuitabletalent.

2.ChallengesfacedinSalesandMarketingFunctions:

Bothclientsandcandidatesfacechallengesinthejobmarketintheabovesectors.Clientsoftenstrugglewithhighturnoverrates,theneedforspecificindustryexperience,limitedavailabilityofqualifiedcandidatesincertainlocations,sourcingandattractingtalentinacompetitivemarket,addressingtheskillsgapcausedbyindustryadvancements,promotingdiversityandinclusion,andmanagingseasonalhiringpeaks.Ontheotherhand,candidateslookingforjobsinthesesectorsmayencounterchallengessuchashighcompetition,limitedgrowthopportunities,seasonalemployment,irregularschedules,physicaldemands,limitedflexibility,specificskillrequirements,andgeographicalconstraints.

18

2024Q&Awithourspecialists

1.Howwouldyouforecasttheoveralljobmarketinyoursectorin2024?RetailandConsumerGoods

Theretailjobmarketin2024isexpectedtobedynamic,drivenbytechnology,evolvingconsumerdemands,andsustainabilityconcerns.Successinthismarketwillrelyonindividualswithversatileskillswhocanadapttoindustrychangesandleveragetechnologytoenhancetheretailexperience.Theriseofe-commerceandautomationhasincreasedthedemandforprofessionalsproficientindigitalmarketing,dataanalytics,and

e-commerceplatforms.Additionally,retailersareseekingindividualswhocancreatepersonalisedin-storeexperiencesandimplementsustainablepractices.

Technology,Media,andTelecommunications(TMT)

IntheTMTsector,challengessuchaslayoffsorhiringfreezesmayarise,particularlyintheCRMteam,ascompaniesreassessstrategiesandoptimiseoperations.Thiscouldresultinatemporaryreductionintheworkforce.However,therearestillgrowthopportunitieswithinthesector,especiallyine-commerceandonlinesalesplatforms.TelecomserviceprovidersareexpectedtoestablishB2Bonlineplatformsasanadditionalsaleschanneltoexpandtheirreach.Thisexpansionislikelytocreatenewrolesindigitalmarketing,customerexperienceoptimisation,andonlinesalesmanagement.

IndustrialEngineering,Manufacturing,andInfrastructure

Ifthemarketconditionsremainunchanged,thejobmarketinindustrialengineering,manufacturing,andinfrastructuremaycontinuetofacechallenges.However,withthereopeningofbordersandtheinfluxofprofessionalsfrommainlandChinaandotherpartsoftheworld,competitionislikelytobecomeincreasinglyintense.Onthepositiveside,thisinfluxoftalentcanpotentiallybenefitemployersbyprovidingahigherqualitypoolofseniorcandidatesfromwhichtochoose.

19

2024Q&Awithourspecialists

Whatwillbethemostin-demandskillsandqualificationssoughtbyemployers?

RetailandConsumerGoods

EmployersintheretailandFMCGsectorsseekcandidateswithin-demandhardskillssuchasdigitalmarketing,dataanalysis,ande-commerce.Theyalsovaluesoftskillssuchascustomerservice,adaptability,problem-solving,collaboration,communication,salesandnegotiation,andattentiontodetail.Jobseekersshouldhighlightacombinationoftechnicalexpertiseandinterpersonalabilitiestostandoutinthecompetitivejobmarket.

Technology,Media,andTelecommunications(TMT)

EmployersintheTMTsectorwillprioritisecandidateswithexpertiseinB2Bsales,clientportfoliomanagement,andITproductknowledge.Theywillalsovaluecandidateswhoarefastlearners,dynamic,andhaveanaggressiveapproach.

IndustrialEngineering,Manufacturing,andInfrastructure

Employersinindustrialengineering,manufacturing,andinfrastructureseekcandidateswithtechnicalexpertiseinprocessoptimisation,projectmanagement,andleanmanufacturing.Strongengineeringknowledge,analyticalabilities,problem-solvingskills,effectivecommunication,teamwork,leadership,andregulatorycompliancearealsovalued.Stayinguptodatewithindustrytrendsiscrucialtounderstandthespecificskillsandqualificationsindemand.

Whatisthepredictionforchangesinsalarytrendsorcompensationpackagesfromclient’sperspective?

Whiletheoverallpackagemaynotundergosignificantchanges,thereisapossibilityofshiftsinpaystructures.Theremightbeatrendtowardsincorporatingmoreincentive-basedcomponentsinsalarytrendsandcompensationpackages.Thiscouldresultinemployersallocatingalargerportionofcompensationtowardsperformance-basedbonuses,commissions,orothervariablepaystructures.

20

2024Q&Awithourspecialists

Howdoyouthinkadvancementsintechnology(ImpactofAI)willshapethejobmarketinthefuture?

Automationtechnologieswillstreamlineroutinetasksinvariousindustries.Thismayleadtoadeclineinjobcategoriessuchascashiering,inventorymanagement,andbasiccustomerservice.However,therewillbeanincreasingdemandforindividualswhocaneffectivelyutiliseautomationandAItechnologiestoimproveoperationalefficiencyanddeliverpersonalisedexperiencestocustomers.

Therewillalsobeanincreasedneedforprofessionalsinareassuchascybersecurity,cloudcomputing,anddataanalysis.WiththeriseofAI,therewillbeagreateremphasisonprotectingdigitalassetsandensuringdataprivacy,leadingtoahigherdemandforcybersecurityexperts.Additionally,thegrowingrelianceoncloudcomputingandthevastamountofdatageneratedwilldrivetheneedforprofessionalsskilledinmanagingandanalysingthisdataforbusinessinsights.

SalesandMarketingindifferentindustries

5%

RetailandConsumerGoods

10%

Technology,Media,and

Telecommunications

IndustrialEngineering,

25%

Manufacturing,andInfrastructure

60%

Others

21

SupplyChainandProcurement

22

2023

Thejobmarketin2023intheSupplyChainandProcurementfieldvariedacrossindustries.TheFoodandBeverageandLuxuryRetailsectorsareactivelyhiring,whileFMCGisexperiencingslowergrowth.However,thereisashortageoftalentwithskillsindataanalytics,continuousimprovement,transformationprojectmanagement,andstakeholderengagement.TherelocationofregionalsupplychainheadquartersfromHongKongtoShanghaiandSingaporehasresultedinlayoffs.Whilethereisreasonabledemandforjuniortomid-levelpositions,therearefeweroptionsforseniorroles.

BothclientsandcandidatesfacechallengesinthejobmarketwithintheSupplyChainandProcurementsector.Clientsstruggletofindcandidateswithacombinationofstrongoperationalexperienceandtheabilitytoadaptandimproveinthechangingindustry.Theyareseekingindividualswhocanbringvaluetothebusinessandcontributeinnovativeideas.Ontheotherhand,candidatesmayfaceaslowerhiringprocessandadeclineinthenumberofregionalrolesavailableintheAPACmarket,particularlyinmultinationalcompanies.

HotJobFunctionsin2023

Logistics/SupplyChainProjectManagement

Procurement/Sourcing/

Purchasing

Demand&SupplyChainPlanning

LogisticsSpecialist

5% 3%

3%

3%

2%

Warehouse&Distribution

Operation

SupplyChainSpecialist

17%

36%

QualityAssurance

ProductionMaterialPlanning

ManufacturingManagement

Design&Development

3%

2%

23%

23

2024Q&Awithourspecialists

1.Howwouldyouforecasttheoveralljobmarketinyoursectorin2024?

In2024,thereisexpectedtobesomedegreeofhiringfreezeintheSupplyChainandProcurementfield.However,therewillbeanincreaseinnewlycreatedrolesdedicatedtosupportingbusinesstransformationandexpansion.Ontheotherhand,therewillbefewerreplacementrolesavailableduetoanoticeableslowdownintalentmigrationoutofHongKong.

Whatwillbethemostin-demandskillsandqualificationssoughtbyemployers?

IntheSupplyChainandProcurementfield,highlysought-afterhardskillsincludedataanal

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