Out of 90 companies surveyed in the same period, more than half said they expect to hire additional supervisory and clerical employees this year. Improvements in the Hong Kong economic situation have created new jobs and resulted in labor shortages in the finance and trading sectors. However there are signs that these and other jobs are now more likely to be filled by people from Hong Kong and other parts of Asia rather than by expatriates from Western countries.
In-demand skills in Hong Kong have shifted from engineering to commerce and services. Hong Kong is now the regional center of many international banks, financial institutions and corporations. These multinational corporations, particularly investment banks continue to assign foreign nationals to their Hong Kong offices. Many corporations construct and/or operate production facilities in cities like Shanghai but conduct a lot of their business in Hong Kong. However there has been a noticeable decrease in the number of Western expatriates because of Hong Kong’s high cost of living, less attractive compensation packages, and other factors. On the other end of the scale, a huge chunk of the expatriate community is composed of migrant domestic workers, most of them Filipinos, followed by Indonesians and Thai. The presence of these domestic workers make it possible for upper and middle class Hong Kong women to work or engage in business outside the home and enjoy a comfortable if not luxurious lifestyle.
No comments:
Post a Comment