About 25 per cent of Hong Kong employers plan to chop employees within the subsequent quarter, in accordance with a human sources firm’s survey, as the most recent authorities figures confirmed town’s unemployment charge reached a 30-month excessive of three.5 per cent for March to Might.
Workforce options supplier ManpowerGroup Higher China launched its newest employment outlook survey on Tuesday, with about 33 per cent of the 522 employers polled saying they anticipated to rent extra personnel within the subsequent three months.
About 25 per cent of respondents anticipated job cuts, whereas round 41 per cent foresaw no change in employees numbers.
ManpowerGroup additionally compiled a Internet Employment Outlook (NEO) index for Hong Kong, which was calculated by subtracting the proportion of employers that anticipated manpower cuts from these anticipating a rise.
The town’s index stood at 8 per cent for the third quarter, down from 11 per cent within the final quarter and contrasting with a world stage of 24 per cent for the subsequent three months.
Lancy Chui Yuk-shan, senior vice-president of the corporate, mentioned: “Total, Hong Kong’s job market is going through a number of challenges, together with the slowdown within the world economic system and geopolitical pressures.