Q4 2012 Hiring Index - jobsDB · JobsDB Q4 2012 Hiring Index COPYRIGHT@2012, JobsDB HK. ALL RIGHTS...

COPYRIGHT@2013, JobsDB HK. ALL RIGHTS RESERVED

Q4 2012 Hiring Index

JobsDB Q4 2012 Hiring Index COPYRIGHT@2012, JobsDB HK. ALL RIGHTS RESERVED

Introduction

This report aims to provide information about the hiring plan and preference of employers in the

coming months. A summary of employer opinion on CV screening is also included. All information

is based on the most updated information from 111 corporations in Hong Kong.

Disclaimer

The information provided in this report is for reference only. Whilst JobsDB endeavors to ensure the accuracy of the information in this report, no express

or implied warranty is given by JobsDB as to the accuracy of the information. JobsDB shall not be liable for any damages (including, without limitation,

damages for loss of business or loss of profits) arising in contract, tort or otherwise from the use of or inability to use this report, or any material contained

in it, or from any action or decision taken as a result of using this report or any such material.

1


Scope and Methodology

1. Objective The aim of this survey is to collect information on the hiring intention and preference of employers in Hong Kong. These findings will assist employers in devising their HR policies in the coming months. To keep HR professionals updated with the latest market information, starting from April 2009, JobsDB has been conducting this survey every three months to keep track of the market changes. 2. Survey Coverage

The survey covers 111 companies, among which, 61% employ less than 50 staff, 17% employ 50-100 staff, 9% employ 101-200 staff, 7% employ 201-500 staff, and 6% employ more than 500 staff.

less than 50 staff 61%

50-100 staff 17%

101-200 staff 9%

201-500 staff 7%

More than 500 staff 6%

Size of participating companies

2


Scope and Methodology (cont.)

3. Data Collection Method

The survey was conducted by an online questionnaire. Companies were invited through e-mail to fill in the questionnaire from 11 to 19 Dec 2012.

3

HR GENERAL PLANNING

4


HR general planning 1

1.1 Hiring plan in the coming three months

Among the respondents, 63% said they will hire staff in the coming three months. This finding is same as the result in Q3 2012 and the result in the same period last year (Q4 2011). 14% of respondents said they will freeze head count. 2% of respondents will cut head count.

5

Q4 2011 Q1 2012 Q2 2012 Q3 2012 Q4 2012

We will hire staff 63% 67% 54% 63% 63%

We will cut head count 4% 1% 6% 2% 2%

We will freeze head count 20% 19% 23% 25% 14%

No plan yet 13% 13% 16% 11% 21%

0%

10%

20%

30%

40%

50%

60%

70%

80%

% o

f co

mp

anie

s

Hiring plan comparison (Quarterly)

Remarks: Sum of percentages may not equal 100% due to rounding


HR general planning

6

1.2 Level of staff to be hired

Among respondents who intend to hire staff in the coming three months, 42% of them will hire Clerical / Frontline staff, 30% will hire Supervisory / Officers and 34% will hire Middle Management / Non-managerial / Professionals. 10% of them will hire Top / Senior Management.

1

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

Clerical / Frontline Staff Supervisory / Officers Middle Management / Non-managerial /

Professionals

Top / Senior Management

42%

30%

34%

10% % o

f co

mp

anie

s

Hiring plan by level of staff

Remark: Multiple answers are allowed and sum of percentages may not equal 100%


HR general planning

7

1

1.3 Job functions to be hired

As indicated by respondents who intend to hire staff in the coming three months, it is expected that the job function of Sales, CS & Business Development will generate the highest increase in the number of job positions in 2013 (16.5% of total increase), followed by Engineering (12.9% of total increase) and Hospitality/ F&B (12.1% of total increase). Based on the number of positions in 2012, the overall predicted increase in job positions is 4.8%.

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

16.0%

18.0%

4.9% 3.9%

1.5%

3.1%

12.9% 12.1%

2.1% 3.1%

8.5%

5.7%

0.5%

4.1%

2.6%

1.3%

16.5%

1.0%

7.5%

9.0%

% o

f p

osi

tio

n in

crea

sed

/ To

tal i

ncr

ease

d

Hiring plan by job function in 2013


HR general planning

8

1

Easier 9%

More difficult 37%

About the same 43%

Did not recruit staff in the same period last year

11%

Do you think it is easier or more difficult to recruit new staff compared with the same period last year?

1.4 Difficulty in recruiting new staff in the coming three months

Among respondents who intend to hire staff in the coming three months, 43% of them think that it is neither easier nor more difficult to recruit new staff compared with the same period last year, 37% of them think it is more difficult and only 9% of them think it is easier.


HR general planning

9

Very concerned 36%

Somewhat concerned 54%

Not concerned 10%

How concerned are you about the possibility of global economic slowdown in the next 12 months?

1

1.5 Concern about the possibility of global economic slowdown

Among the respondents, 54% of them said they are somewhat concerned about the global economic slowdown in the next 12 months, 36% of them said they are very concerned and 10% of them are not concerned.


HR general planning

10

1.6 Concern about the possibility of global economic slowdown – by company size

Among the respondents, companies with 201-500 staff are much more concerned about the global economic slowdown (63% said they are very concerned), while others are somewhat concerned.

1

38% 32%

20%

63%

17%

51% 63%

60%

38%

67%

10% 5%

20% 17%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

less than 50 staff 50-100 staff 101-200 staff 201-500 staff More than 500 staff

% o

f re

spo

nd

en

ts

How concerned are you about the possibility of global economic slowdown in the next 12 months? - by company size

Not concerned

Somewhat concerned

Very concerned

Remarks: Sum of percentages may not equal 100% due to rounding

HIRING PROCESS

11


Hiring Process

12

2

2.1 Difficulty level of hiring procedures ( 1 is the least difficult; 4 is the most difficult)

Respondents were asked to rank the difficulty level of different hiring procedures. “Candidate evaluation" (2.7) is regarded as the most difficult hiring procedure, followed by “background and reference checks” (2.6) and “interview” (2.4).

1. Candidate evaluation (2.7)

2. Background and reference check (2.6)

3. Interview (2.4)

4. Screening CV/ cover letter (2.2)

5. Preparing and screening written test (2.1)

6. Preparing job ads (1.5)


Hiring Process

13

2

Yes 2%

No 98%

Do you use any CV screening software?

2.2 CV screening software

Among the respondents, 98% of them do not use CV screening software.


Hiring Process

14

2

2.3 Time for screening CV

On average, respondents spend 6.7 minutes to read each CV during the first round of screening. Companies with less than 50 staff spend the most time reading each CV (7.6 minutes), followed by companies with more than 500 staff (7.3 minutes) and companies with 50-100 staff (6.1 minutes).

less than 50 staff 50-100 staff 101-200 staff 201-500 staff More than 500 staff

What is the average time for reading each CV during the first round of screening?

7.6 mins

Time

6.1 mins

Time

7.3 mins

Time

5.3 mins

Time

2.7 mins

Time


Hiring Process

15

2

2.4 Information to look for when screening CV (1 = the highest priority; 9 = the lowest priority)

Respondents were asked to prioritise the information they look for when screening CV. “Relevant working experience” topped the list, followed by “academic background” and “expected salary”.

Relevant working experience

Expected salary

Availability

Extra-curricular activities

Grammar and organisation of CV

Computer and other skills Academic background

Language skills

Professional qualifications

1.

2.

3.

4.

5.

6.

7.

8.

9.


Summary

16

3

Compared with the last quarter, the hiring intention in Q1 2013 is expected to be the same as Q4 2012. The survey results show that 63% of employers intend to hire in Q1 2013, same as the percentage in Q4 2012. Clerical / Frontline staff has the highest demand, with 42% of employers plan to look for staff in this category. Among respondents who intend to hire staff in the coming three months, it is expected that the job function of Sales, CS & Business Development will generate the highest increase in the number of job positions in 2013 (17.4% of total increase), followed by Engineering (12.2% of total increase) and Hospitality/ F&B (11.5% of total increase). Based on the number of positions in 2012, the overall predicted increase in job positions is 4.8%. 54% of employers said they are somewhat concerned about the global economic slowdown in the next 12 months, 36% of them said they are very concerned and 10% of them are not concerned. Hiring Process Candidate evaluation (2.7) is regarded by employers as the most difficult hiring procedure, followed by background and reference checks (2.6) and interview (2.4).

On average, respondents spend 6.7 minutes to read each CV during the first round of screening. Companies with less than 50 staff spend the most time reading each CV (7.6 minutes), followed by companies with more than 500 staff (7.3 minutes) and companies with 50-100 staff(6.1 minutes).

Respondents were asked to prioritise the information they look for when screening CV. “Relevant working experience” topped the list, followed by “academic background” and “expected salary”.

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