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HK employers struggling to find and retain IT, FinTech talent

HK employers struggling to find and retain IT, FinTech talentHong Kong's technology talent market has become more dynamic than ever, with a growing number of employers being forced to look overseas to find qualified talent, according to Hays.

The specialist recruitment company's latest company report indicates that employers are facing a challenge finding and retaining IT and FinTech talent this quarter.

The report finds that a number technology candidates are upskilling in their own time with plans to move jobs from this month and onwards.

“Many finance technology candidates are giving notice or planning to do so after receiving their annual bonus and this is only increasing the intensity of the hiring challenge for many employers,” Hays Hong Kong regional director Dean Stallard said.

“We are seeing an increasing number of employers recruiting from regions outside of Hong Kong, especially for newer technology skill sets as local candidates with the right skills are hard to find.”

The security area in particular is on pace for a period of active recruitment, particularly within banks and financial institutions as these companies act to comply with the HKMA's Cybersecurity Fortification Initiative.

This is fuelling demand for positions including ethical hackers, IT security managers, IT risk professionals, penetration testers and IT auditors.

“In the digital technology talent market, java/core java developers are one of the roles in greatest demand this quarter to fill roles across all levels,” Stallard said.

“Looking at the wider technology talent market this quarter, we are seeing demand for data warehouse architecture or administrator candidates with skills in ETL and knowledge of business intelligence (BI) tools and or big data technologies such as Qlikview, Hadoop or Python/SQL.”

The report also indicates that network engineers with a background in Cisco or Juniper Networks equipment are in high demand, as are business intelligence roles. For the latter positions, recruiters are favoring candidates proficient in both Cantonese and Mandarin.

As more Hong Kong companies pursue digital transformation initiatives, head of digital roles are also in high demand.