KPMG's Hong Kong Executive Salary Outlook 2021

KPMG just published their annual employment trends survey report of Hong Kong Executive Salary Outlook 2021. According to the survey findings, an increasing number of respondents from Hong Kong and mainland China (70%) find job opportunities in the Greater Bay Area (GBA) attractive. Key sectors in Hong Kong leading the recruitment market in terms of positive headcount expectation are real estate and financial services.

After a year deeply impacted by COVID-19 and the significant economic downturn caused by the resultant lockdowns, business stoppages and border closures, the outlook for headcount, salaries and bonuses among employers has changed. Factors such as job security and flexible work arrangements have become more significant for talent, with salary levels becoming less so. However, at the beginning of 2021, a new sense of optimism was returning to most industry sectors in Hong Kong.

KPMG’s fifth annual Hong Kong Executive Salary Outlook analyses a survey of 702 business executives in six industry sectors to take a measure of the employment market and trends following almost 12 months of meeting the challenges created by the COVID-19 pandemic. Sectors covered include consumer markets, financial services, innovation and technology, professional services, public sector and real estate.

You can find the full report here.