Published on 19th July 2017
In Q2 2017, the Finance & Accounting job market in Hong Kong has seen an increase in hiring activity at the junior to mid-level positions for Assistant Accountants, Accountants, Financial Analysts and Internal Auditors.
Compared to the previous quarter, in Q2, professionals qualified for these profiles would find themselves with many job options. The turnaround time from interview to offer stage was also relatively faster. Most of these job opportunities were either replacement roles seeking qualified professionals or professionals who were working towards becoming qualified.
In terms of salary increments, the increment percentages have remained similar as with previous quarters. Companies have been offering non-financial benefits to attract and retain candidates.
Specialist finance roles were in demand
We saw an active hiring trend for specialist roles such as Billing and Revenue Controllers, positions often found in the legal sector.
SMEs and start-ups also had an accelerated demand for well-rounded Finance Managers. The mid- to senior-level market had newly created headcounts in Financial Planning & Analysis, especially within the Retail industry. Companies would often open up these positions to both internal and external talent pools.
In Q2, hiring has been active for Internal Audit or Internal Control professionals within the FMCG, Retail and Property Development sectors.
Talent acquisition for senior roles was conservative
In the past few months, there was little movement in multinationals hiring senior professionals at the Finance Director and CFO levels.
Companies that were seeking senior talent were typically Hong Kong or PRC-based ones looking for professionals with strong Corporate Finance experience.
Q3 2017: Growing start-ups will seek solid finance expertise
For Q3 2017, we expect similar hiring trends to continue, with a healthy hiring demand for junior- to mid-level finance professionals. With start-ups establishing and gaining a foothold in Hong Kong, we foresee that they will be seeking for solid finance professionals to join their businesses.
We expect interview processes to become lengthy, especially for the more senior-level roles in the market, as companies and hiring managers will want to ensure that they are bringing in the best talent into the business. We also expect talent acquisition to include, before making any external hire decisions, the consideration of internal candidates—existing employees from both local and overseas offices.
Finance & Accounting Services
Salary Report for Q3 2017*
*Notes about salary table:
- Titles and levels vary from organisation to organisation.
- The salary ranges given are only approximate guides. For tailored salary advice, please contact us directly.
- 12-month base salaries are assumed.
- All other benefits and bonuses are in addition to these figures.
- Bonus ranges can vary significantly from company to company and will be influenced by market conditions, business and individual performances. Bonus ranges from 1 month at the low end to 100%+ at the upper.
- Holiday entitlements range from 12–25 days with senior executives not usually receiving less than 18 days. Less than 15 is very rare and 20 days is becoming the norm.
- Healthcare policies are standard.
- Pension plans vary with some companies offering greater than the standard contribution. Top up schemes can increase employer contribution levels as much as 15–20% of the base salary for senior executives.