Tech recruitment to remain robust in Chinese mainland and HKSAR: Report

By Xu Xiaoxuan
0 Comment(s)Print E-mail, June 16, 2022
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An unmanned vehicle runs tests at the Beijing-Tianjin Zhongguancun tech town in Tianjin, north China, May 19, 2021. [Photo/Xinhua]

The technology sector in the Chinese mainland and the Hong Kong Special Administrative Region (HKSAR) has a solid foundation for continuous development in 2022 and beyond, and recruitment is expected to remain robust with boosting factors including favorable policies, digital transformation, and positive salary increment expectations, according to a report on technology sector salaries issued by leading global professional recruiting group Hays Plc. 

According to the report, the demand for talent in information technology, artificial intelligence, digital transformation, and other sub-tech sectors will increasingly rise across the Chinese mainland and the HKSAR. 

"The COVID-19 pandemic has accelerated digital transformation," managing director of Hays China Jessica Wang said. "Digital transformation is active in finance, pharmaceuticals, consumption, manufacturing, education, and real estate, with demand for talent continuing to rise." 

The report also points out that tech professionals in the Chinese mainland and the HKSAR hold overall optimistic attitudes toward future salary increments. About 80% of tech professionals surveyed are generally satisfied with their current salary scheme, with 27% of respondents "satisfied" or "very satisfied." Whether staying with their current company or joining a new company, more than 80% of interviewees believe that their salaries will continue to increase. 

"In comparison, respondents in the Chinese mainland have higher expectations for future salary increases, reflecting that tech industry professionals in the Chinese mainland are more optimistic about the general economy and the employment market," Wang noted. 

The continuous increments in salary signify the rising demand for compound and diversified talent in the industry. Hays believed that employers in the tech industry in the Chinese mainland and the HKSAR have extended their hiring criteria for candidates from technical skills and business operation capabilities to keen insights and stakeholder management abilities. 

In the short term, the shortage of compound talent and the insufficiency of compliance talent will remain the focal point of the tech industry, Wang added. However, she is optimistic that the talent supply shortage will be resolved quickly thanks to the continuous development of the tech industry, improvement of education programs, and the transformation of talent in different fields. 

"We believe that in 2022, the technology field will remain dynamic in recruitment and will be the largest recruitment market in the Chinese mainland and Hong Kong," Wang said. 

The report shows how China continues its transition to high-quality development despite the impact of the COVID-19 in 2022, and that the tech sector in the Chinese mainland and the HKSAR is undergoing a new round of transformation. 

"Both the Chinese mainland and Hong Kong are seeing an increasing popularity of skilled 'compound talents,' with flexible working and skills upgrading becoming important market demand," outlined Wang. "A technological transformation driven by digital technology has transcended beyond the traditional IT industry and become active in many fields such as finance, consumption, and life sciences."

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