Job Market Monitor
Hong Kong
The 10 nations with the highest total number of millionaire households
These countries were then compared to countries with the highest numbers of households with more than $100 million in AuM, as well as each country’s GDP Continue reading
Filipino Household Service Workers / Recruiter stop hiring in HK putting 35,000 jobs at risk
A self-imposed moratorium by a group of Philippine-based licensed recruiters might deprive some 35,000 Filipinos of jobs as household service workers (HSWs) in Hong Kong. The Society of Hong Kong Accredited Recruiters of the Philippines Inc. (SHARP), an association of Philippine-licensed overseas employment providers, earlier announced that it will stop deploying HSWs for employers in … Continue reading
Hong Kong / Working Poors Live In Cages
Some 100,000 people in the former British colony live in what’s known as inadequate housing, according to the Society for Community Organization, a social welfare group. The category also includes apartments subdivided into tiny cubicles or filled with coffin-sized wood and metal sleeping compartments as well as rooftop shacks. They’re a grim counterpoint to the … Continue reading
Hong Kong / More Financial jobs than New York or London by 2016
CEBR, the London-based economics consultancy, recently forecast Hong Kong will have more financial services jobs than New York or London by 2016, with some 262,000 positions. The Institute of Chartered Accountants in England and Wales (ICAEW) also gives its endorsement, saying Hong Kong will be the world’s premier financial job center by 2017, with 275,000 … Continue reading
Hong Kong / Minimum Wage Increases
The Hong Kong government said it would raise the minimum wage by 7 per cent in May next year as it tries to allay concerns about a growing disparity between the rich and the poor in the city. The lowest salaries will rise to HK$30 (US$3.90) an hour, the government said on Wednesday, affecting about … Continue reading
PricewaterhouseCoopers – China and Hong Kong – 12 days holiday in the coming months, eight unpaid
More auditors in Hong Kong can expect to be taking extra-long holidays, courtesy of the city’s sluggish IPO market. This week, accounting firm PricewaterhouseCoopers announced that to help avoid layoffs, employees in mainland China and Hong Kong will be offered a chance to take an additional 12 days’ holiday in the coming months, of which … Continue reading
Older Workers | Swedih Companies | Among the worst
Despite a large share of Sweden’s senior work force en route for retirement in the next few years, Swedish companies are among the worst in the world at recruiting and keeping people over fifty in employment. According to a study carried out by recruitment agency Manpower, only eight percent of Swedish employers have a strategy … Continue reading
IMF warns of HK recession – The Standard
Hong Kong faces a potential recession if the European financial crisis deepens, the International Monetary Fund warned. Economic growth locally is expected to slow to 4 percent in 2012 from 5.75 percent estimated for this year because of weakening external demand, the fund said in a report released yesterday. In the third quarter, the economy … Continue reading
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