Wednesday, September 22, 2021
Martin Hennecke

Jobs outlook picking up
<p>One in four employers in a survey said they are expecting to hire more staff in the fourth quarter, according to employment services provider ManpowerGroup.</p><p>Of the 167 Hong Kong employers polled, 25 percent are expecting to increase payrolls, while 17 percent expect fewer additions to their workforce.</p><p>The rest expect no changes in their hiring plans.</p><p>The poll showed the resulting net employment outlook is 8 percent, with the strongest hiring sentiment seen in finance, insurance and property.</p><p>The outlook for these sectors in the fourth quarter is 11 percent, up 6 percent from the previous quarter and 15 percent year on year.</p><p>&quot;Equity capital markets activity soared in the first half and banks have been engaged in a talent competition as they have to meet the demand. Many Hong Kong-based firms and especially Chinese firms are still very focused on a Hong Kong listing,&quot; said Lancy Chui, senior vice president of ManpowerGroup Greater China.</p><p>Insurers are also seeing a growing business in Hong Kong and plan to hire more agents to capture new opportunities fueled by rising affluence in the Greater Bay Area, she said.</p><p>There is also continuing demand across different industries for flexible staffing.</p><p>Employers in the services sector reported optimistic hiring plans for the coming quarter, with a net employment outlook of 9 percent - 6 percent stronger than in the previous quarter and up 10 percent year on year.</p><p>Hiring intentions in the mining and construction sectors remained relatively stable since the last quarter but improved by 5 percent from a year ago.</p><p>&quot;The unemployment rates of the construction sector recorded visible declines. Construction projects have start resuming, especially for the repair and maintenance projects,&quot; said Chui.</p>

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