I wanted to take this opportunity to give you a brief update on the IT market for Q2 2014. At Pinpoint Asia, we specialise in two main sectors (a) Finance Technology (b) Hi-Tech/Commerce sector.
The main trends are below:
In spite of news surrounding redundancies at banks, Q2 saw a pickup in hiring volumes. This is due to Q2 generally being the busiest quarter for hiring, following the attrition after the pay and bonus reviews. Also, banks have been curtailing staff numbers in unprofitable areas, hence the layoffs in areas like Fixed Income for some companies, and investing in what they perceive to be growth areas, such as, hiring in areas like Equities.
Types of roles:
We have seen a growing need for candidates in the following areas:
HI- TECH/COMMERCE SECTOR
Market’s general performance:
The commerce sector has also seen an increase in hiring volumes last
quarter. The economy seems to be doing better and with it, it has
brought more hiring in this space.
Infrastructure roles:General infrastructure support roles (Desktop Support/Network Support/Windows administrators) have been in good demand too. Companies across the board have been hiring in this area.
Also, several new Hi Tech firms have been setting up data centers in Hong Kong and there has been a lot of hiring in the infrastructure space mainly pertaining to equipping and running these data centers
We are optimistic about the levels of hiring through the remainder of this year. There has been a steady expansion trend since last year and we expect this to continue for the remainder of the year.
In Q1, we asked our candidates to complete our salary survey. Thank you to those of you who participated in the survey, we hope the lucky winners enjoyed their Starbucks coupon!
Here are the results of the top 8 questions asked:
|Analyst or equivalent||HKD300,000 – 500,000|
|Associate or equivalent||HKD400,000 – 600,000|
|VP or equivalent||HKD700,000 – 1,100,000|
|Investment Banking||Analyst||HKD360,000 – 600,000|
|Associate||HKD450,000 – 950,000|
|AVP||HKD650,000 – 1,000,000|
|VP||HKD900,000 – 1,500,000|
|ED||HKD1,400,000 – 2,100,000|
|IT Service Providers||Officer||<HKD240,000|
|Analyst||HKD240,000 – 480,000|
|Manager||HKD480,000 – 800,000|
|Telecommunications||Analyst||HKD300,000 – 600,000|
|Manager||HKD600,000 – 900,000|