What's Happening?
Hong Kong employers are increasingly hiring contract workers to address workforce gaps, driven by economic slowdown and uncertainty. According to the Robert Walters Hong Kong Contractor Pay Guide 2025, 64% of employers plan to hire contract workers this year, up from 62% in 2024. Vivian Tsang Yuen-wa, associate director at Robert Walters, highlights that contracting offers agility in workforce planning, especially for multinational conglomerates and investment banks facing difficulties in securing full-time staff.
Why It's Important?
The shift towards contract roles reflects broader economic challenges and the need for flexibility in workforce management. Contract workers provide companies with the ability to quickly adjust their operations in response to market conditions, which is crucial during periods of instability. This trend may influence employment practices and labor market dynamics, potentially affecting job security and benefits for workers.
