Hiring expectations for Singapore and Hong Kong's IT sectors are at their highest level for more than 10 years, according to the latest analysis by recruitment specialists Hudson.
The report found that Singapore's IT & T sector has the highest expectations with 72 per cent of respondents expecting to hire more staff, up from 68 per cent in the previous quarter.
Expectations in Hong Kong are also higher than at any time since the Hudson Report was launched. Overall, 77 per cent of fragrant harbour IT employers expect to increase hiring, compared, up from an already high 70 per cent. Specialists with both business experience and domain knowledge are particularly sought after.
"[In Hong Kong] the continuing economic recovery is boosting demand for IT professionals in all areas, though the focus is now shifting to IT integration and systems providers - managed services providers [MSP]," the report stated.
China headcount growth
Some 72 per cent of respondents in China forecast headcount growth this quarter, a steep rise from 65 per cent in Q4 2010.
The latest figures come from the Hudson Report 'Employment and HR Trends January -- March 2011' which provided an upbeat outlook for the information technology sector.
It found that IT hiring expectations have risen for the seventh consecutive quarter and are at their highest level since Q2 2000.
"Many of the positions that disappeared during the economic downturn are now being filled again and key areas include mobile applications, business intelligence and cloud computing," the report stated.
Across all the sectors surveyed in Singapore, 87 per cent of respondents will pay discretionary bonuses for 2010, a much higher figure than the 74 per cent who gave this response a year ago.
"The proportion of respondents in the [Singapore] IT&T sector planning to pay bonuses for 2010 has risen sharply, from 62 per cent at the beginning of last year to 90 per cent this year," stated the report.
However, the report stated that "more than half [51 per cent] of respondents in the IT&T sector will not pay any increment at all this year, a much higher proportion than for any other sector". Increments are most likely to be paid to IT professionals working in the financial area.
"This [IT] sector has the highest expectations to hire this quarter, creating fierce competition for experienced IT professionals with a wide range of skills. Employers are therefore trying hard to retain key staff."
The Hudson Report said the majority of employers in China and Hong Kong are using Web-based and other social media channels to attract managerial staff; online recruitment sites/job boards are the most widely used Web-based recruitment channels.
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