News & Articles

More to life than the job, say youngsters

A survey by recruitment website jobsDB involving 6,000 job-seekers found that youngsters put more emphasis on a work-life balance than older people do While 20% of respondents prioritised salary and overall compensation as the most important factor, 13.1% said work-life balance is most crucial 13.6% of respondents in the age group between 18 and 23, often dubbed Generation Z, placed utmost signi...

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The 10 most in-demand tech jobs of 2019

Experts predict companies will continue to hire cybersecurity, AI, and developer roles throughout the year. Details in original source: https://www.techrepublic.com/article/the-10-most-in-demand-tech-jobs-of-2019/ The 10 most in-demand tech jobs of 2019 1. Cybersecurity engineer 2. AI/machine learning engineer 3. Full stack developer 4. Data scientist 5. Python developer 6. Java developer 7. Java...

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Youths lay down law on Bay jobs

· Almost 70% of Hong Kong's youths are unwilling to work in the Greater Bay Area (GBA), according to a survey by the Hong Kong Federation of Youth Groups of 522 people aged between 18 and 39 · Around 92% of the respondents have heard of the GBA but 67% were unwilling to commute from Hong Kong to the area for work, while 62% of them were unwilling to live there · Responde...

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Highlights of Government Budget 2019-20

The Government Budget 2019-20 was presented by Financial Secretary Paul Chan yesterday. The major initiatives pertaining to Hong Kong’s labour market are outlined below: General Economic Situation in 2018 · The labour market remained tight, with the unemployment rate at 2.8%, the lowest level in more than 20 years. Total employment sustained growth and salaries increased continuously...

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Young employees more willing to relocate for dream jobs

- Younger employees in China are migrating across cities more often than their predecessors in pursuit of their dream jobs, according to research from LinkedIn - Those born in the 1990s move to another city for a job after 1.4 years on average, compared with 3.32 years among those born in the 1970s and 2.49 years among people born in the 1980s - Among those born in or after 1995, who have left col...

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MPF spells out hopes for e-platform

- David Wong Yau-kar , Chairman of the Mandatory Provident Fund Schemes Authority, says the authority is working on a smart digital platform eMPF, which is expected to be launched in phases starting from 2022 - The platform offers both employees and employers a centralized electronic platform, linking all the MPF plans’ systems and enabling paperless administrative work - Wong explained that...

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Thomson Reuters to cut 3,200 jobs in next two years

Thomson Reuters Corp said on Tuesday that it will cut its workforce by 12 percent in the next two years, axing 3,200 jobs, as part of a plan to streamline the business and reduce costs The company aims to grow annual sales by 3.5 percent to 4.5 percent by 2020, excluding the impact of any acquisitions As part of the streamlining, the company said it planned to reduce the number of offices around ...

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Hong Kong’s investor confidence plummets to lowest level in almost a decade amid trade war, market volatility

J.P. Morgan’s Hong Kong Investment Confidence Index falls into negative territory for the first time since 2009, the year following the global financial crisis 42 per cent of Hong Kong investors surveyed expect the Hang Seng Index to drop significantly to between 24,000 and 26,000 by the end of April 2019 Investor confidence in Hong Kong has plummeted to its lowest level in nearly 10 years ...

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Bigger tax breaks on the cards for MPF contributors

· The government is considering raising its proposed tax deductions limit for people contributing to deferred annuity schemes and making voluntary contributions to the MPF from HK$36,000 to HK$60,000 to encourage retirement planning · Assuming that a single taxpayer earns a monthly salary of HK$60,000 and is taxed at the standard tax rate of 15 percent, the person would be able to cl...

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Cathay staff to get pay rise despite firm’s losses

· 14,600 eligible employees Cathay Pacific Airways including cabin crew and ground staff will get a pay rise effective from January 1 next year, plus a one-month bonus, despite the company suffering financial losses since 2016 · Most staff of the airline will receive a 3 per cent pay rise, although junior flight attendants who are on hourly contracts and have worked for the airline f...

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