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Hong Kong second quarter recruitment up, slight dip in Singapore
Hong Kong is hiring. Total job advertisements posted in Hong Kong in Q2 2008 were three per cent higher than in the first quarter. That figure dipped in Singapore, with the total job ads slipping nine percent down from the first quarter of this year. Most requested employees were accountants and information technology personnel. Chinese companies were seeking overseas and foreign companies were listing in China. Unsurprisingly the most cautious sector in regard to human resources was the international banking sector. However, local banks and those serving SME markets were actively recruiting. Sales and marketing, telecoms and human resources roles were in demand.
The findings are a result of a study by Robert Walters, the international recruitment consultancy, which launched its first Asia Job Index in July. Its Asia Job Index tracks advertisement volumes for professional positions across the leading job boards and national newspapers in Hong Kong and Singapore.
Employment advertising is a key indicator of future hiring. The figures suggest that employment growth in Hong Kong is underpinned by its proximity to China, while in Singapore; a more cautious approach to hiring by the major banks resulted in a slight drop off in recruitment advertising during the second quarter.
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