With the current economic situation, banks have reduced salary and changed hiring plans. The South China Morning Post published an article outlining some of the changes that financial institutions in Hong Kong are making, which are relevant for job searchers. Many of these trends are unfolding globally as well.
The survey, which was conducted between April 22 and May 5, found 86 per cent of those interviewed feared for their job security this year and 49 per cent are actively looking for a new role. More than have cited unsatisfactory salary this year as a reason to look for new work.
Given the hiring environment, already competitive roles are becoming more competitive, which makes things like networking and interview preparation even more critical for those seeking new roles.