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Lingnan master's article says Hong Kong owes 170,000 labor force in five years

2022-07-26T23:13:12.854Z


The COVID-19 pandemic has changed the way Hong Kong people work, and it has also had an impact on the Hong Kong labor market. An article from Lingnan University’s Master of Human Resource Management and Organizational Behaviour programme states that by 2027, the gap between Hong Kong’s workforce supply and demand will


The COVID-19 pandemic has changed the way Hong Kong people work, and it has also had an impact on the Hong Kong labor market.

An article from Lingnan University's Master of Human Resource Management and Organizational Behaviour programme pointed out that it is expected that by 2027, the gap between Hong Kong's manpower supply and demand will widen to about 170,000 vacancies. He believes that the current talent plan in Hong Kong is difficult to solve the talent crisis, and the government urgently needs to formulate more innovative , More attractive policies, such as providing housing subsidies for local graduates, support such as career development path guidance, continuing to simplify the application process for non-local graduate visas, or even considering updating immigration policies, will become the residency requirements for Hong Kong permanent residents from Seven years were shortened to four years, attracting them to work in Hong Kong.


Another article by Lingnan University mentioned that working from home WFH not only brings flexibility and freedom to employees, but also allows employers to save on the cost of renting office space. It proposes that if working from home arrangements are to be more effective, clear policies, such as establishing clear and A comprehensive guide to working from home.


▼The 3rd "International Immigration and Property Expo" on June 11▼


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Professional and business services owe 32,000 after 5 years

An article titled "Discussing How Hong Kong Can Break the Talent Crisis under the Epidemic" from Lingnan University's Master of Human Resource Management and Organizational Behaviour programme pointed out that the epidemic has exacerbated the talent crisis in Hong Kong. Employment was down about 244,500 from the May-July 2019 total.

The article pointed out that it is expected that in 2027, due to the gap between the newly added labor force and the retiree population, the gap between the supply and demand of manpower in Hong Kong will widen to about 170,000 job vacancies, of which professional and business services will be the most lacking. In five years, there will be a shortage of 32,000 talents, 16,000 in the financial industry, and 12,000 in the consulting and communications industry.

▼The business community once pointed out that some talents have left Hong Kong due to the "no-fly order" under the epidemic▼


Refers to the current talent plan is difficult to solve the crisis and advocates housing subsidies to increase attractiveness

The article pointed out that the current talent plan in Hong Kong is difficult to solve the city's talent crisis, and the government should consider implementing more innovative and competitive strategies to attract and retain all kinds of long-term and short-term talents for Hong Kong.

A number of recommendations are set out in the article, including that the authorities can create and expand employment opportunities in Hong Kong and the Greater Bay Area for fresh graduates, continue to expand the employment assistance scheme to the Greater Bay Area, and through other channels such as housing subsidies, career development path guidance and tax benefits.

▼The 28th Hong Kong Education Fair on July 9▼


Urge to consider lowering the year of becoming a permanent resident to 4 years

As for non-local fresh graduates, the article suggests that the government consider providing more scholarships, relaxing restrictions on work in Hong Kong during their studies, etc. to attract them to study in Hong Kong; in addition, the government can continue to simplify the application process for non-local graduate visas and consider Extend the validity of their visas to entice them to stay and work in Hong Kong after graduation.

The article also proposes that the authorities can update the immigration policy to shorten the residency requirement to become a permanent resident of Hong Kong from 7 years to 4 years to attract non-local graduates to stay in Hong Kong.

Under the epidemic, working from home has become the mainstream work mode in many places.

(Schematic, GettyImages)

Working from home benefits both employers and employees

Another article by Lingnan University titled "Discussing Special Arrangements and Support for Work-from-Home (WFH) Employees during the Epidemic" pointed out that working from home has gradually become the mainstream model in many places, although nearly 60% of the working population in Hong Kong is engaged in It is difficult for many types of workers to work from home, but under the epidemic, it is believed that some migrant workers will be arranged to work from home.

The article pointed out that working from home not only brings flexibility and freedom to employees, but also allows employers to save on the cost of renting office space. More importantly, working from home helps employees to be more satisfied with their jobs, which may make it easier for companies to retain talent.

Advocate for guidelines and subsidies for working from home

The article goes on to point out that for work-from-home arrangements to be more effective, clear policies are needed, such as clear and detailed work-from-home guidelines, and subsidies for additional household expenses incurred by employees working from home.

Regarding mental health and productivity issues arising from working from home, the article recommends that employers take measures such as arranging virtual group sports for employees and conducting regular employee surveys.

Customs clearance|Ma Shiheng pointed out that the strict quarantine in Hong Kong will lead to the loss of talents. If you have to choose, you should first go through customs clearance with foreign countries and the no-fly order will lead to the loss of talents. The Hong Kong General Chamber of Commerce: Welcome the government to cancel and relax the quarantine requirements. The International Youth Association of Life Science and Technology has invested 1 million in scholarships to comprehensively cultivate life science talents. Sun Dong of the Innovation and Technology Bureau said that he will try his best to train local biotechnology talents. The industry proposes an industry proposal to the Chief Executive

Source: hk1

All news articles on 2022-07-26

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