Global Headhunting & Recruitment Solutions in Hong Kong
Why create a global recruitment strategy?
Creating a global recruitment strategy is essential for businesses that operate in multiple countries or regions. Such a strategy can help a business find the best talent from around the world, while also ensuring that they are following applicable laws and regulations.
- 1. Helps to standardize the recruitment process across different locations and ensure that all candidates are subject to the same criteria and standards. This helps to ensure a level playing field, reduce bias, and ensure that the best talent is identified. It also helps to ensure that a business is compliant with applicable laws, such as anti-discrimination laws, and can demonstrate due diligence in their hiring practices.
- 2. It enables businesses to attract talent from different cultures and backgrounds, which can help to create a diverse and inclusive workplace. This can lead to a range of benefits, such as improved engagement, higher productivity, and better customer service.
- 3. It can help ensure that a business is able to identify the right skills and qualifications for the roles they are seeking to fill. By having a standardized recruitment process, businesses can ensure that they are selecting the right candidates for the right roles.
Why hire talents in Hong Kong?
- Strategic Location: Hong Kong is strategically located in the heart of Asia, making it an ideal location for businesses looking to expand their presence in the region. It has a well-developed infrastructure and transportation network, making it easy to connect with other major cities in Asia and beyond.
- Business-Friendly Environment: Hong Kong has a pro-business environment and a low tax regime, making it an attractive location for businesses. It also has a well-educated and highly skilled workforce, with a strong emphasis on bilingualism in English and Chinese.
- International Exposure: Hong Kong is a cosmopolitan city with a diverse population and a strong international presence. It has a thriving financial industry and is a hub for trade and commerce in the region. Hiring talent in Hong Kong can provide businesses with exposure to new markets and opportunities.
- Cultural Proximity: Hong Kong has a unique cultural blend of East and West, making it an ideal location for businesses looking to bridge the gap between different cultures. Its multicultural workforce can provide businesses with a valuable perspective on global markets and trends.
How much does it cost to hire talent in Hong Kong?
The salary for a job position can vary widely depending on the industry, level of experience required, and the candidate’s skills and qualifications. According to data from the Hong Kong Census and Statistics Department, the median monthly income for employees in Hong Kong was HKD 18,000 (approximately USD 2,300) in 2020.
In addition to the salary, employers in Hong Kong are required by law to provide certain benefits such as mandatory contributions to the Mandatory Provident Fund (MPF) retirement scheme and employee compensation insurance. Other benefits may include medical insurance, bonuses, and paid leave, which can add to the cost of hiring talent.
Employee labor laws in Hong Kong
Working Hours in Hong Kong
The standard working hours in Hong Kong are 8 hours per day and 44 hours per week. However, many industries and companies in Hong Kong have different working hour arrangements, such as shift work or flexible working hours. Employees are entitled to at least one rest day per week, although this can be waived by mutual agreement between the employer and employee.
Minimum wage
The minimum wage for employees in Hong Kong is set by the government and is reviewed annually. The current minimum wage rate in Hong Kong is HKD 37.5 per hour (approximately USD 4.8 per hour) as of May 1, 2021.
The minimum wage applies to all employees in Hong Kong, regardless of industry or sector, with the exception of certain categories of workers such as live-in domestic helpers, student interns, and apprentices.
General taxation
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Taxable Income
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Rate
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|---|---|
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HKD 50,001 - 100,000
|
HKD 1,000 + 6%
|
|
HKD 100,001 - 150,000
|
HKD 4,000 + 10%
|
|
HKD 150,001 - 200,000
|
HKD 9,000 + 14%
|
|
HKD 200,001 - 250,000
|
HKD 16,000 + 17%
|
|
HKD 250,001 - 300,000
|
HKD 23,000 + 20%
|
Hire the best talent in Hong Kong with EER Global
EER Global offers a thorough, personalized, and expert approach to sourcing top talent for your organization. By carefully evaluating and pinpointing the ideal candidate for your specific role, they can spare you the time and resources that would otherwise be wasted on hiring the wrong person.
Leveraging their industry expertise and extensive network, they are adept at identifying the most outstanding candidates in the job market, enabling you to promptly and effectively fill your positions. Moreover, they can provide valuable insights and guidance on the recruitment process, empowering you to make informed decisions that align with your business objectives. If you are seeking to recruit in Hong Kong, do not hesitate to reach out to EER Global’s dedicated team of professionals for further details.
