Employers have to quicken the recruitment process in order not to miss out on the best candidates.
According to Emma Charnock, Regional Director of Hays in Hong Kong and China, “Vacancy activity is expected to rise in the first two quarters of the year. Businesses that do not act quickly, particularly when recruiting in areas that are candidate-tight, are starting to miss out on the best quality candidates.”
It is reported that accountancy & finance, banking, and legal sectors are areas that are candidate-tight. In finance, it is difficult to find quality candidates with skills in risk and credit control. “Demand for candidates is also high in change management since most companies are doing lots of projects, for example, offshoring and process improvement,” said Charnock. As for the legal field, candidates with knowledge in capital markets (debt / equity), US securities, M&A, IPO and structured lending are in high demand.
Charnock advised employers that they should not expect a huge influx of quality candidates in response to roles that have rigid and lengthy criteria. “To help secure high calibre candidates, employers can reduce the interview to offer timeframe, and if possible conduct comprehensive one-stage interviews.”
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