High increase in recruitment expectations in Asia

In it's last Quarterly report, the Hudson cabinet laid emphasis on the consolidation of hiring expectations in China, Hong Kong and Singapore. With additional power on the side of job seekers and increased difficulties to retain talents, a majority of respondents indicate that they are likely to make counter offers, mainly by increasing basic salaries, in order to retain employees who would resign to join other companies. While recruiting firms are the most popular hiring method in Hong Kong and Singapore, China relies preferably on direct recruitment and employee referrals.

China: 64% of respondents indicate they expect to grow their headcount in Q2 2010 (compared to 49% in Q1). Most buoying sectors are the Banking and Financial services sector, Manufacturing and Industrial as well as consumer goods. The IT sector shows an impressive recovery with 53 % of positive expectations compared to only 27% in the previous quarter.

Hong Kong: the average positive expectation is only 59%, but with sharp contrasts: 73% in the banking & financial sector, 63% In IT and 57% in Manufacturing (which nevertheless shows a remarkable recovery compared to its 39% result in Q1).

Singapore: 54% of companies expect to grow their headcount. Candidates with Marketing and sales background are in high demand.

► See the Q2 2010 Hudson report