Feeds

Hong Kong IT pros gloomy about the future

Asia still worth a punt for wannabe-expats

Secure remote control for conventional and virtual desktops

IT pros in Hong Kong are the least optimistic about their job prospects of all professionals, as Asia’s financial services hub struggles to adapt to continued global economic instability, according to a leading recruiter.

Michael Page International’s latest Employee Intentions Report (PDF) for the Special Administrative Region (SAR) of China should sound a note of caution for IT professionals looking to escape the economic uncertainty of their home markets with a move to Asia.

Just nine per cent of tech pros surveyed said they were optimistic about the job market for 2012/13 and only 11 per cent said they were likely to request a pay rise in the coming year – again, the lowest of all sectors.

Christopher Aukland, regional director for Michael Page, told The Reg that continued caution in the banking and financial services sector has had a big impact on confidence.

“It’s taking longer for candidates who have been out of work to get back into roles. Banking and financial services are very tough,” he said.

“People are moving away from technology roles in banks. Two or three years ago it was the reverse but now huge numbers want to transfer to the commercial sector.”

Aukland explained that European and US-headquartered multinationals continue to be cost conscious about hiring in the region, and “IT is not top of the priority list for many”.

What makes it even harder for ex-pats is if they are not available for face-to-face interviews, he added.

“It’s a very fluid and competitive job market and there are quite a large number of highly skilled IT people looking for work, so whenever there’s an opening there are a huge number of applications from here and overseas,” said Aukland.

“As an employer you’d always look for the person based here first of all.”

However, there are reasons for expat IT pros looking for roles in the SAR to be cautiously optimistic, as long as they are at least at IT manager or director level.

He argued that transfers within current employers are the least risky and most likely route to jobs in Hong Kong, and advised that those looking to move from elsewhere in the region ensure they position themselves into an APAC role.

“The key is there’s always roles available for good candidates with strong specialist skills,” he added, explaining that good communicators with C#, .NET or Java skills are still in high demand. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Get a job in Germany – where most activities are precursors to drinking
A Brit explains the fun to be had rolling rocks down country lanes
What a Mesa: Apple vows to re-use titsup GT sapphire glass plant
Commits to American manufacturing ... of secret tech
The gender imbalance in IT is real, ongoing and ridiculous
The Z80 and 6502 generation wore the sexist stereotype, now it's up to them to fix it
100 IT workers face the axe at CSIRO
Union says management's version of events is wrong and that one in five will go
Young Germans: PLEASE! ANYTHING BUT a digital STARTUP
But Spanish and Italian youths want to set them up themselves
prev story

Whitepapers

Driving business with continuous operational intelligence
Introducing an innovative approach offered by ExtraHop for producing continuous operational intelligence.
Why CIOs should rethink endpoint data protection in the age of mobility
Assessing trends in data protection, specifically with respect to mobile devices, BYOD, and remote employees.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Protecting against web application threats using SSL
SSL encryption can protect server‐to‐server communications, client devices, cloud resources, and other endpoints in order to help prevent the risk of data loss and losing customer trust.