Statistics compiled by the Hong Kong government revealed the numbers of local offices of mainland China companies based in Hong Kong has grown from 678 in 2014 to 1,139 in 2018, representing a growth rate of 68% over five years.
In fact, the growth of mainland China companies investing and expanding into Hong Kong is driving growth for qualified technology candidates in the city-state, particularly for skilled developers, according to the newly released 2019 Robert Half Salary Guide.
The skills shortage within Hong Kong’s IT sector continues, as independent Robert Half research has found that over three-quarters (77%) of Hong Kong CIOs currently find it challenging to source qualified IT professionals, with the number rising to 85% for those who predict it will become even more challenging in the coming five years.
Adam Johnston, Managing Director of Robert Half Hong Kong says: “Hong Kong’s Smart City initiatives – aimed at building a better-connected and efficient city driven by the latest technology – are driving strong demand for local IT talent. IT recruitment is also being driven by the growth of mainland China companies expanding into Hong Kong, particularly within the areas of major investment banks and hedge funds, who are looking for skilled talent to boost their digital transformation efforts and IT infrastructure. The supply/demand imbalance within the technology talent pool, however, is causing increased pressure on employers within these areas to source qualified professionals.”
“Hong Kong’s ambition to position itself as a globally recognized innovation hub is creating strong demand for technology professionals who can implement and upgrade a company’s consumer-facing technology. In particular, developers with backgrounds in Java, C#, C++ and React are highly sought-after in today’s market and are in a favorable position to negotiate starting salaries,” he added.
Robert Half has identified the top three technology positions in demand in Hong Kong for 2019 and matched them with the job titles and their respective salaries as published in the 2019 Robert Half Salary Guide:
1. Lead Software Developer
2. Software Development Manager
3. Full-stack Software Developer