Demand for IT talent driving hiring activity in HK service sector

ManpowerGroup Greater China SVP Lancy ChuiHong Kong employers expect hiring rates to remain steady in the second quarter, but the services sector – including IT services – is anticipating the most active hiring environment, according to ManpowerGroup.

The quarterly ManpowerGroup Employment Outlook Survey finds that Hong Kong has a net employment outlook of +14%, relatively stable compared to both the previous quarter and the same quarter a year earlier.

But the services sector has a net employment outlook of +23%, up 3% from the previous quarter and stable year-over-year. ManpowerGroup Greater China SVP Lancy Chui said this growth is being driven by demand for IT talent.

“More pressure is being put on an inadequate IT talent pool within Services sector by the growing demand in experienced and skilled IT professionals.” she said.

“With the growing trend of financial technology (Fintech) and digitization across different industries, we’re seeing the potential of an increase in the number of cyberattacks. Cyberattacks not only threaten financial institutions and banking systems but also different enterprises, so we’re seeing increased interest in reinforcing cybersecurity roles to minimize the chance of being attacked and the leakage of sensitive data.”

The survey also highlighted strong demand for data analysis, cloud computing and apps development, Chui said.

The results conflict somewhat with the finding from a recent Randstad survey that indicating that cybersecurity is only tenth among the 10 most in-demand IT professions in Hong Kong. But the Randstad survey does confirm that data analytics specialists, cloud engineers and app developers are also in high demand.