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The Morgan Philips Salary Guide is published annually to provide hiring managers and candidates with salary references across various industries by job functions. Our data is based on extensive research and analysis, including thousands of candidate interviews and client assignments conducted over the past 12 months. For each role, we provide insights on key metrics such as geography, seniority, education, tenure, job changes, and trends
The Hong Kong government has introduced measures to support businesses and workers affected by the pandemic, such as the Employment Support Scheme and the Distance Business Programme. The government is also investing in upskilling and reskilling programs to help workers adapt to changing market needs.The demand for talent in Hong Kong is expected to grow in sectors such as technology, finance, and healthcare. With Hong Kong's strategic location as a gateway to mainland China, the Greater Bay Area initiative is expected to create more job opportunities in sectors such as logistics, transportation, and infrastructure.
In addition, Hong Kong has been focusing on developing innovation and technology industries, including fintech and smart city development. This will create a demand for talent with skills in areas such as data analytics, artificial intelligence, and blockchain technology.
However, Hong Kong also faces challenges such as an aging population and a shortage of skilled workers in certain sectors. To address these challenges, the government is promoting the hiring of older workers and encouraging more young people to pursue vocational education.
In conclusion, the workforce outlook in Hong Kong for 2023 is expected to be positive, with job opportunities available in growing sectors such as technology, finance, and healthcare. However, the recovery from the COVID-19 pandemic may continue to impact the labor market, and workers may need to adapt to changing market needs through upskilling and reskilling programs.
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