One-third of bosses to increase staff size in 2024 Q3: survey

Thirty-seven percent of employers are planning to hire more workers in the next three months, while around one-fourth are expecting a staffing decrease, a survey has found.

This came after a human resources agency ManpowerGroup Greater China conducted the study as they interviewed 525 local employers on the employment outlook for the third quarter of 2024.

Meanwhile, about 32 percent of employers have no plan to adjust the size of their workforce.

Following seasonal variation, the net employment outlook index in Hong Kong stands at 8 percent, marking a 7 percent decline compared with the figures logged in the second quarter of this year.

Lancy Chui Yuk-shan, senior vice president of the group, said that as the international economy declines, along with the locals choosing to spend money in the mainland, employers are positive towards the prospect of hiring new manpower but are gradually becoming more conservative.

The survey also revealed that among the seven industries in Hong Kong, only the transport and logistics industry recorded a negative number in the employment outlook index, with around negative 17 percent.

She explained that even though the revival of the local aviation industry was higher than expected, it was still affected by factors such as intensifying port competition and international trade disputes.

However, the remaining six industries, which include information technology, healthcare and life sciences, multi-media and telecommunications, banking and real estate, and other professional commercial services, have seen positive growth and are expected to have a relatively stable employment outlook.