Most accounting and finance employers in Hong Kong will keep their number of headcount in the next 12 months.
More than half (54%) of the respondents of the Accounting & Finance Market Survey 2008 conducted by ACCA Hong Kong and recruitment consultant Michael Page International say the number of accounting and finance staff will remain the same in the next year. More than one-quarter (29%) say they will recruit more staff next year.
Kelly Chan, President of ACCA Hong Kong, comments that in spite of the recent credit crunch, the demand for accounting and finance professionals remains steady. “The supply of talented accounting professionals is still lagging behind the demand. We expect the market will have a higher demand for talent with control focus such as internal audit or internal control under the current market situation.”
The survey finds that both employers and employees report salary rises in 2008 and expect this pay rise to continue in 2009. In 2008, 29% of the responding employees had a pay rise of 1%-5%, and 27% had 6%-10%. In the next year, 64% of the responding employees expect a pay rise, 22% lower than last year. As for employers, 81% of the respondents expect to pay more in 2009.
This survey was conducted from 19 August to 16 September 2008, receiving 1,330 respondents.
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