Feeds

Hong Kong IT pros gloomy about the future

Asia still worth a punt for wannabe-expats

The Essential Guide to IT Transformation

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. ®

The Essential Guide to IT Transformation

More from The Register

next story
Microsoft's MCSE and MCSD will become HARDER to win
Redmond decides it won't replace Masters certifications, so lesser certs get more rigour
Pinterest diversity stats: Also pale and male (but not as much as Twitter)
Cats'n'flowers site latest to admit white men rule its roost
MoJ IT workers 'n' pals extend strike action over privatisation
Fears of cuts when shared services gig moves to Steria
Pleased to meet you. I'm Joe Bloggs, MVP, vExpert, Cisco Champ
What a mouthful. Do customers care? Six title-holders quizzed
'Oh my god – Mark Zuckerberg wants to meet me'
'The Swiss have got no great interest in working with Apple'
Dammit, Foxconn: Where's our 1 MILLION-strong robot ARMY?
'Foxbots' just aren't good enough to take up the slack
Devs: Fancy a job teaching Siri to speak the Queen's English?
Spik propa lyk dis blud innit, ya get me?
Bankers bid to use offshore temp techies
WikiLeaks publishes Financial Services Annex to 50-nation Trade in Services Agreement
Hey! Where! are! the! white! women! at!? It's! Yahoo!
In non-tech jobs, that is – still mostly white men running Marissa Mayer's web biz
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.