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Introduc)on

ThemajorityofHongKongemployersplantohirefreshgraduatesoverthenextthreemonths–

but the young jobseekers’ salary expecta>ons are slightly higher than companies’ going rates.

ThesearesomeofthefindingsoftheCTHRGraduateRecruitmentandSalarySurvey2016,which

also showed that both par>es viewed career development and on-the-job training, salary and

benefits, and company environment, culture and reputa>on as top considera>ons for fresh

graduatesinthejobmarket.

Disclaimer

Theinforma<onprovidedinthisreportisforreferenceonly.WhileCTHRendeavourstoensuretheaccuracyoftheinforma<onin

thisreport,noexpressorimpliedwarrantyisgivenbyCTHRastotheaccuracyoftheinforma<on.CTHRshallnotbeliableforany

damages(including,without limita<on,damagesforthe lossofbusinessor lossofprofits)arising incontract, tortorotherwise

fromtheuseoforinabilitytousethisreport,oranymaterialcontainedinit,orfromanyac<onordecisiontakenasaresultof

usingthisreportoranysuchmaterial.

SurveyObjec)ves

n  Togaugeemployers’hiringinten>onsinrela>ontofreshgraduates,aswellasgraduates’

plansandsen>mentsaroundenteringtheworkplace

n  Tocomparegraduates’star>ngsalaryexpecta>onswiththeactualcompensa>onofferedby

companies

n  Toestablishwhetheremployershaveagoodunderstandingofgraduatejobseekerstop

considera>onswhenlookingforajob

n  Toconsiderfreshgraduatesperceivedstrengthsandweaknessesintheworkplace

n  Toassessexpectedstaffturnoverratesfrombothemployers’andgraduates’pointsofview

Methodology

SurveyPeriod:June2016

SampleSize

n  269freshgraduatesand58undergraduates

n  205employersacrossatleast16industries

(with54%inmiddlemanagementand14%inseniormanagement)

DataCollec)on

Throughanonlinesurvey;targe>ngemployersfromdifferentindustriesandgraduatesof

differentmajors.ThedatacollectedisanalysedandconsolidatedbyCTHR’in-houseresearch

team.

KeyFindings

n  Mostofthepolledemployershiredgraduatesinthepastyear,andwouldagaindosointhe

nextthreemonths

n  Graduatesexpectedslightlyhighersalariesthanthosecurrentlyonoffer

n  Thesurveyedrecruitersdidnotrategraduatecandidates’interviewskillsorprofessional

quali>esexcep>onallyhighly

n  85%oftheemployersdidnothaveapreferenceforapar>cularuniversitywhenrecrui>ng

n  Employersandfreshgraduateslargelysaweyetoeyeregardingtopconsidera>onswhen

lookingforajob

HiringInten)ons

64%

3employerssurveyedsaidtheyintendedtohirefreshgraduatesoverthenextthreemonths,atamedianrateof

67% confirmed that they had taken on

graduates over the preceding 12months, with themediannumberalsoamoun>ngtothree.

24%

33%

42%

44%

63%

Teamworkskills

Morecrea>ve

Abletohandlemorechallenges

Lowersalaryexpecta>ons

Willingtofollowinstruc>ons

Reason(s)forHIRINGgraduates(Mul)pleanswers)

HiringInten)ons

HiringInten)ons

14%

15%

21%

33%

63%

Greatercostofmanagingnewgraduates

Poorworka\tude

Expensesrelatedtotraininggraduates

Highturnoverrateoffreshgraduates

Lackofexperienceandjobknowledge

Reason(s)forNOTHIRINGgraduates(Mul)pleanswers)

51%

42%

7%

Alloftheabove

Bachelor’sdegreeorabove

Non-degreeter>aryorbelow

Educa)onrequirementforfreshgraduates

HiringInten)ons

Justoverhalfofthe132respondents

whoplannedtohiregraduatesinthenextquartersaidtheyplannedtorecruitamixofcandidateswithbachelor’sdegreesandhigherandthosewithoutdegrees.

Star)ngSalaryExpecta)ons(Medianmonthlywage)

Graduateexpects EmployeroffersVS.

$12,000

Non-degreeter>aryorbelow

$11,000

Bachelor’sdegreeorabove

$12,350

$13,000

SalaryComparison

Graduates’GeneralPerformance-JobInterviews

6

6.1

6.3

6.5

6.5

6.5

Businesse>que`e

Communica>onskills

Confidence

Appearanceanda\re

Manneranda\tude

Punctuality

1lowestto10highest

Graduates’GeneralPerformance

5

5.1

5.3

5.3

5.3

5.8

5.9

6.1

6.1

6.3

Abilitytoworkindependently

Emo>onalintelligence(EQ)

Analy>calthinking

Interpersonalskills

Timemanagement

Teamspirit

Languageproficiency

Willingnesstofacechallenges

Worka\tude

Willingnesstolearn

1lowestto10highest

Preferreduniversi)es?

Of the minority (15%) that did have a

preference for a par>cular university when

recrui>nggraduates,30%namedtheUniversity

ofHong Kong as their first choice, followed by

TheHongKongPolytechnicUniversity(23%)and

the Hong Kong University of Science and

Technology(20%).

HKU

Therespondentschosetheseuniversi>esbecausetheybelievedtheyweremorecompetentin

theareasof:

1.  Businesssenseandjobknowledge(37%)

2.  Worka\tude(33%)

3.  Communica>onsskills,analy>calthinking,andabilitytoworkindependently

(Eachaccountedfor27%)

Poly U HKUST

JobSearchStatus

25%

16%

14%

6%

5%

Banking&finance

Media&communica>ons

Government

Non-profitorganisa>ons

Hotel&catering

Graduates’idealjobindustry

77%

of the polled graduates said theywould start a full->me job search in

thenextthreemonths,withtheirpreferredindustriesbeingbankingandfinance, media and communica>ons,andthegovernmentsector.

Top3thingsgraduateswillconsiderwhenchoosingtheirfirstjob

73%

54%

52%

41%

21%

19%

15%

10%

9%

8%

Careerdevelopmentandon-the-jobtraining

Companyenvironment,cultureandreputa>on

Salaryandbenefits

Roomtodeveloptheirowninterests

Rela>onshipswithsupervisorsandcolleagues

Work-lifebalance

Workprocesses,systemsandequipment

Jobsecurityandstability

Officeloca>on

Job>tle

TheEmployer'sPerspec)ve:


10%

12%

14%

18%

19%

27%

27%

42%

63%

67%

Job>tle

Workprocesses,systemsandequipment

Jobsecurityandstability

Rela>onshipswithsupervisorsandcolleagues

Officeloca>on

Roomtodevelopmyowninterests

Work-lifebalance



Salaryandbenefits

TheGraduate’sPerspec)ve:


73% 54% 52%



Salaryandbenefits

67% 63% 42%

Salaryandbenefits Careerdevelopmentandon-the-jobtraining


TheEmployer'sPerspec>ve

TheGraduate’sPerspec>ve

Howlongdoyouexpectgraduatestobewiththeirfirstemployer?

0%

0%

2%

2%

33%

63%

From5yearsto10years

Morethan10years

From3yearsto5years

Forlessthanhalfayear

Fromhalfayearto1year

From1yearto3years

TheEmployer'sPerspec>ve

1%

2%

8%

8%

21%

61%

From5yearsto10years

Morethan10years

Forlessthanhalfayear

From3yearsto5years

Fromhalfayearto1year

From1yearto3years

TheGraduate’sPerspec>ve

61%of thegraduatessaidthey intended to stay in theirfirstcontractonetothreeyears

33% of employers polledexpected graduates to remainonlysixmonthstoayear

FutureoutlookSlightlymoregraduates(55%)wereop>mis>c/veryop>mis>cabouttheirfuturecareersthanthosewhowerepessimis>c/verypessimis>c(45%).

46%

38%

9%7%

Howdoyoufeelaboutyourcareerfuture?

Op>mis>c

Pessimis>c

Veryop>mis>c

Verypessimis>c

Futureoutlook

31%

25%

22%

11%

11%

8%

8%

8%

6%

Yourcapabili>es

Marketdemand

Futuredevelopmentoftheindustry

Roomforapromo>on

Needforcon>nuingeduca>on

Economicenvironment

Economicenvironment

Roomforaraise

Industrytransparencyandfairness

Thefactor(s)thatcontributetoyourop>mism:

26%

18%

17%

14%

13%

13%

10%

3%

2%

Economicenvironment

Yourcapabili>es

Compe>>onwithinthisindustry

Roomforaraise

Futuredevelopmentoftheindustry

Marketdemand

Roomforapromo>on

Needforcon>nuingeduca>on

Industrytransparencyandfairness

Thefactor(s)thatcontributetoyourpessimism:

Recommenda)ons

n  Universitygraduatesmayneedtotonedowntheirsalaryexpecta>ons

n  Theyshouldbrushupontheirinterviewskills,especiallybusinesse>que`eand

communica>onskills

n  Employersshouldconsidergraduates’toppriori>eswhenlookingforjobsintheira`empts

toa`ractthebestyoungtalent

n  Employersmaywanttoconsiderinves>ngindevelopinggraduates’professionalquali>es,

suchasemo>onalintelligenceandabilitytoworkindependently

Conclusion

HongKongemployerscon>nuetohiregraduates,partlybecauseofthepercep>onthattheyare

willing to follow instruc>onsandcommand lowersalaries thanmoreexperiencedrecruits.The

toppreferredindustriesforfreshgraduatesarebankingandfinance,mediaandcommunica>ons

andthegovernmentsector.

Thesurveyfindingsshowthatgraduateswhoareconfidentintheirownabili>esalsotendtobe

posi>ve about their futures in theworkplace. However, there is room for improvement – the

reportsuggeststhatwhilecandidatesarerela>velywilingtolearnandfacechallenges,theyare

lackingwhenitcomestoworkingindependently.

AboutCTHRGraduateRecruitmentandSalarySurvey2016 OurCTHRGraduateRecruitmentandSalarySurvey2016aimstoprovideinsightintoHongKong

employers’ recruitment inten>onswith regards tograduates this year. Itwill alsoexamine the

expected pay for fresh graduates, and inves>gate the key quali>es both par>es seek in each

other.

Atotal205employersacrossatleast16industries,269freshgraduatesand58undergraduates

respondedtothissurvey,conductedinJune2016.Oftheemployers,54%inmiddlemanagement

and14%inseniormanagement.

AboutCTHR

CTHRwasestablishedin2009.Itsmissionistoprovidethelatestmarketinforma>onforhuman

resources(HR)professionals,includingdailynews,salaryindexes,surveyandresearchfindings,

casestudies,employmentlawsandregula>ons,HRspecialistblogs,andexclusivefeatures.

Forinquiries,pleasecontact: VanleeLeeSeniorContentMarke>ngExecu>veCareerTimesOnlineLimitedTel:(852)36506811Fax:(852)21560333Email:[email protected]

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