2014 Hong Kong HR Survey Results
2014 Hong Kong HR Survey Results OUR THOUGHTS ON HONG KONG When we launched this survey we published it as a salary survey first and foremost, however after looking at the results and seeing some of the interesting data that has come as a result, I’ve realized that this is more of an HR trend analysis than it is a salary survey. The results on pay increases and bonuses are always useful but, for me anyway, it is the trends and demographic data that I have found particularly fascinating. In each country survey we have made comparisons with the global data that we have received, which should attempt to make the data ever more relevant for global HR leaders. The specific HR trends for Hong Kong pull up some great facts but if I have to pick a few highlights the main three would be: 1.
Hong Kong had the lowest proportion of men in HR out of our six major markets. Just 28% of HR professionals in Hong Kong were male, compared to China where this number stands at 45%. There are definitely some cultural issues at play here and a lot of work still needs to be done at degree level to encourage more men into HR. It needs to be seen as a viable and successful career choice for men and until it is actively seen this way we might continue to see this trend.
2.
While Singapore held the lowest tenure for staff at 4+ years (22.36%), Hong Kong wasn’t far behind at 24.17% of people being with their companies for 4+ years. Both Singapore and Hong Kong have limitations with their population sizes, which means that top talent is always in demand, however companies should start looking at how they are hiring. Too frequently we seem to see people move after just 2 years with a company with no demonstration of either promotion or success.
3.
While the global HR community seem to think that they are either at or below market with their pay, Hong Kong is the worst with this thought. Just 6% of people in Hong Kong felt that they were above market, the lowest of any of our six surveys. This is a tough one to determine, since Hong Kong slipped out of the 10 most expensive cities to live in this year and with tax at just 16.5% it makes me wonder if there are other factors at play with people’s perception on their pay.
The data provided is obviously just a sample of people that are known to us and while we might not know everyone, some of the insights are very valuable. I’ve never looked into trends like this globally before and hope this survey shows that as a business we are truly looking to add a greater value to the global HR community. If you would like to discuss any of the results in this survey please do not hesitate to contact me direct. I hope you enjoy reading. Thanks!
About Stuart Elliott Stuart set up Elliott Scott in 2011 having recruited HR practitioners at all levels since 2004. Stuart has recruited for HR professionals in both Europe and Asia and is well known in the global HR community. Having started out life as an in-house recruitment specialist before moving to agency recruitment, HR professionals are able to work with Stuart knowing that he has a full understanding of the needs and requirements that they are looking for. Stuart started in HR recruitment for Michael Page in London before moving to Asia to join Profile Search & Selection in 2006 and has been voted the Number 1 HR Headhunter in Asia Ex-Japan for 3 consecutive years.
© 2014 Elliott Scott HR Recruitment Limited
www.elliottscotthr.com
@ elliottscotthr
/ elliottscotthr
/ elliott-scott-hr
2014 Hong Kong HR Survey Results The results from our 2014 Global Salary Survey focused on six key locations where Elliott Scott has made an impact in personal HR recruitment: Brazil, China, Hong Kong, Malaysia, Singapore and the US. Elliott Scott surveyed participants in our candidate, client and social networks, asking a range of questions relating to compensation and employee satisfaction. The following results represent our findings for Hong Kong compared to global trends. You can download the full reports from www.elliottscotthr.com or www.linkedin.com/company/elliott-scott-hr. For more information, please email us at [email protected]
Gender
Age
Is there a wider cultural issue?
Where have all the young people gone?
64
47%
%
OF HONG KONG RESPONDENTS
WERE AGED BETWEEN 25 AND 34
OF SURVEYS
COMPLETED GLOBALLY
WERE DONE SO BY WOMEN
72
% OF
ONLY
IN HONG KONG WERE FEMALE
WHILE
GLOBALLY
25-34
35-44
44-54
55-64
HKG
3%
47%
38%
12%
0%
GLOBAL
2%
36%
13%
1%
DROPS TO
24
RETAIL
OF HONG KONG RESPONDENTS
FOR 3 YEARS OR LESS HKG
34%
GLOBAL
29%
1-3 YEARS
42% 40%
4-8 YEARS
8+ YEARS
21%
3%
22%
9%
© 2014 Elliott Scott HR Recruitment Limited
6%
14%
%
HAVE BEEN WITH THEIR COMPANY
Hong Kong had the lowest proportion of men in HR out of our six major markets. Just 28% of HR professionals in Hong Kong were male, compared to China where this number stands at 45%. There are definitely some cultural issues at play here and a lot of work still needs to be done at degree level to encourage more men into HR. It needs to be seen as a viable and successful career choice for men and until it is actively seen this way we might continue to see this trend.
2.
While Singapore held the lowest tenure for staff at 4+ years (22.36%), Hong Kong wasn’t far behind at 24.17% of people being with their companies for 4+ years. Both Singapore and Hong Kong have limitations with their population sizes, which means that top talent is always in demand, however companies should start looking at how they are hiring. Too frequently we seem to see people move after just 2 years with a company with no demonstration of either promotion or success.
3.
While the global HR community seem to think that they are either at or below market with their pay, Hong Kong is the worst with this thought. Just 6% of people in Hong Kong felt that they were above market, the lowest of any of our six surveys. This is a tough one to determine, since Hong Kong slipped out of the 10 most expensive cities to live in this year and with tax at just 16.5% it makes me wonder if there are other factors at play with people’s perception on their pay.
The data provided is obviously just a sample of people that are known to us and while we might not know everyone, some of the insights are very valuable. I’ve never looked into trends like this globally before and hope this survey shows that as a business we are truly looking to add a greater value to the global HR community. If you would like to discuss any of the results in this survey please do not hesitate to contact me direct. I hope you enjoy reading. Thanks!
About Stuart Elliott Stuart set up Elliott Scott in 2011 having recruited HR practitioners at all levels since 2004. Stuart has recruited for HR professionals in both Europe and Asia and is well known in the global HR community. Having started out life as an in-house recruitment specialist before moving to agency recruitment, HR professionals are able to work with Stuart knowing that he has a full understanding of the needs and requirements that they are looking for. Stuart started in HR recruitment for Michael Page in London before moving to Asia to join Profile Search & Selection in 2006 and has been voted the Number 1 HR Headhunter in Asia Ex-Japan for 3 consecutive years.
© 2014 Elliott Scott HR Recruitment Limited
www.elliottscotthr.com
@ elliottscotthr
/ elliottscotthr
/ elliott-scott-hr
2014 Hong Kong HR Survey Results The results from our 2014 Global Salary Survey focused on six key locations where Elliott Scott has made an impact in personal HR recruitment: Brazil, China, Hong Kong, Malaysia, Singapore and the US. Elliott Scott surveyed participants in our candidate, client and social networks, asking a range of questions relating to compensation and employee satisfaction. The following results represent our findings for Hong Kong compared to global trends. You can download the full reports from www.elliottscotthr.com or www.linkedin.com/company/elliott-scott-hr. For more information, please email us at [email protected]
Gender
Age
Is there a wider cultural issue?
Where have all the young people gone?
64
47%
%
OF HONG KONG RESPONDENTS
WERE AGED BETWEEN 25 AND 34
OF SURVEYS
COMPLETED GLOBALLY
WERE DONE SO BY WOMEN
72
% OF
ONLY
IN HONG KONG WERE FEMALE
WHILE
GLOBALLY
25-34
35-44
44-54
55-64
HKG
3%
47%
38%
12%
0%
GLOBAL
2%
36%
13%
1%
DROPS TO
24
RETAIL
OF HONG KONG RESPONDENTS
FOR 3 YEARS OR LESS HKG
34%
GLOBAL
29%
1-3 YEARS
42% 40%
4-8 YEARS
8+ YEARS
21%
3%
22%
9%
© 2014 Elliott Scott HR Recruitment Limited
6%
14%
%
HAVE BEEN WITH THEIR COMPANY
