According to the latest labour force statistics from the HKSAR Government Census and Statistics Department, the overall unemployment rate in Hong Kong increased from 3.3% in July/September 2012 to 3.4% in August/October 2012. Despite this, the underemployment rate decreased from 1.6% in July/September 2012 to 1.5% in August/October 2012.
Brien Keegan, Director, Randstad—Hong Kong commented, "The continued low unemployment rate in Hong Kong further intensifies the dual human capital challenges facing employers today—attracting and retaining top talent. Hong Kong organisations are more and more concerned about their ability to meet a complex range of talent acquisition and management issues.” He advised, “For companies looking to boost middle management capabilities to improve productivity over the next five years, now is the time to start thinking about the pipeline for executive recruitment, training and development to head off the very real threat of a 2018 demographic time bomb in Hong Kong."
Paul Arkwright
Publisher
