Wednesday, January 19, 2022
 
Columnist
Martin Hennecke

Exodus may drive up wages by 40pc
 
09/12/2021
 
<p>Hong Kong&#39;s senior management may see their salaries rise by as much as 40 percent, while those in the financial industry could earn between 4 to 5 percent or even 10 percent more amid the emigration wave, an annual salary survey conducted by specialist professional recruiters predicted.</p><p>The most in-demand technical skills in 2022 are anticipated to be big data analysis, machine learning, artificial intelligence, and cyber security across both permanent and contract roles, said Robert Walters and Walters People.</p><p>It is expected that job seekers with those niche skills can enjoy salary increments of 15 to 20 percent, and could be as high as 40 percent for some senior positions.</p><p>Separately, a survey by TransUnion showed that unsecured loans grew for two consecutive quarters at 46.7 percent year-on-year amid economic revival.</p><p>The credit reporting bureau said lenders had an increased risk appetite, which the growth in originations - new accounts opened - has been observed across all risk tiers, and was most concentrated in the prime and below risk tiers, which have risk scores between &quot;CC&quot; to &quot;JJ&quot;. For unsecured personal loans, the traditional banks&#39; share of originations for higher-risk consumers rose to 55 percent in the second quarter, up 23 percent from last year.</p>

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