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Jobs in high growth sectors to apply for after Chinese New Year
For many job seekers, the period after Chinese New Year is prime time to pick up the hunt for a dream role. Bonuses would have been given out and hiring managers will start recruiting at full force.
Despite the uncertainty surrounding the general job market, certain sectors are set for exponential growth in 2017 and now is perhaps the right time to embark on a fresh start and rejuvenate careers. But which are the sectors with the highest growth in 2017?
In Hong Kong, they would be financial services and digital, according to our latest 2017 Asia Salary and Employment Outlook. Contract employment will be on the rise too, as employers work around permanent headcount restrictions.
Insurance will be Hong Kong’s financial services sector in 2017. Main reasons include a focus on driving customer-centricity; the push to sell insurance products online; and government flexibility surrounding regulations for insurers.
Elsewhere, FCC (financial crime compliance) departments have continued their growth, with AML (anti-money laundering) being the biggest area of demand.
With an increase in newly-established Chinese trading platforms, professionals with market risk experience and skills are in great demand. Such professionals are needed to build up risk management teams that can effectively navigate volatile trading markets.
In general, junior-level employees may expect an average of 10-15% salary increment when shifting between roles. However, the increments for mid to senior-level candidates are slightly flatter and range between 0 and 15%.
Search open roles in financial services (for junior to mid-level positions)
Search open roles in financial services (for mid to senior-level positions)
The digital sector is expected to continue with its strong growth across various industries. In particular, financial technology (fintech) and payment solutions are dominating the sector’s growth rates as technology and financial institutions try to create user-friendly approaches that support faster transactions.
At the same time, companies in “traditional” sectors like fast-moving consumer goods, consumer electronics and retail sectors will continue investing and strengthening their e-commerce platforms.
As a result of the sector’s exponential growth, the shortage of high-calibre candidates may affect companies that want to expand their digital offerings. Roles in regional digital marketing, social media, search engine marketing/optimisation, and strategic positions focused on improving mature e-commerce platforms will be in demand.
Due to talent shortages, some employers may even offer job seekers 20 to 30% increases in order to secure the best candidate.
Search open roles in the digital sector (for junior to mid-level positions)
Search open roles in the digital sector (for mid to senior-level positions)