A Guide to Salaries & Trends in theLabour Market 2025 The Hong Kong job market shows both caution and resilience. Whilecommercial sectors maintain stability, financial services facechallenges as banks implement stricter headcount controls. Companiesin the professional services sector continue to adjust their workforce aseconomic pressures persist. Rupert Forster Hong Kong’s traditional strengths continue. Finance, sales, legal andcompliance remain resilient, while supply chain and procurementoperations stay robust, highlighting Hong Kong’s role as a trading hub.This resilience is further supported by the strong export market in theChinese Mainland, which has created a positive ripple effect acrossrelated sectors. Senior ManagingDirector, Greater China Talent movement reflects caution. Organisations are selective in hiring,often deferring moves until after key global events. Professionals arecareful about career changes, mindful of ‘last in, first out’ scenarios.This creates a market focused on quality and fit. Hong Kong salariesstay competitive. While increases are modest, organisations maintaincompetitive packages for in-demand roles. The current market presents both challenges and opportunities foremployers. While some organisations defer hiring decisions, thosewilling to move forward find themselves in a position to attract strongtalent. However, it’s important to note that even in this cautious climatewhere employers and candidates are taking more time with theirdecisions, securing top performers still requires competitive offeringsand compelling opportunities. Success will increasingly depend on organisations’ ability to balanceprudent resource management with strategic talent investment. Thefocus should be on identifying and securing professionals who can addimmediate value while contributing to long-term growth objectives. Professionals who enhance skills and contribute to organisational goalsstand out. Organisations seek candidates who meet current needs andcan grow with business demands. As we navigate through 2025, the Hong Kong market demonstrates itsfundamental strengths, even as it adapts to evolving economicconditions. While challenges persist, the opportunities for bothorganisations and professionals who can align their strategies withmarket needs remain significant. Accounting & Finance Recruitment focus on replacements: Accounting andFinance recruitment focuses on replacements, withsteady senior-level hiring and higher demand forjunior to mid-level roles. While HR professionalsreport receiving 100 to 200+ applications for jobpostings, varied candidate quality leads to lengthyselections. Despite high application volumes, qualitycandidates remain scarce and competitive, oftenreceiving multiple offers. Organisational restructuring and skill consolidation:Organisations are managing costs throughrestructuring – implementing redundancies, relocatingoffices, establishing offshore Shared Service Centres,and increasing automation. Some are consolidatingspecialised teams and training employees to developbroader skill sets for smoother transitions during staffturnover, though tight headcount approvals limitgrowth. Budget constraints in hiring: While companies arekeen to acquire talent, strict budgets make salaryadjustments difficult, even for roles unfilled formonths. Candidates may need to adjust salaryexpectations to secure desired roles. Revising compensation packages to meet evolvingemployee wellbeing needs: While reducing cashallowances, companies are enhancing other benefitslike extended annual leave, specialised leave options(family/CSR), and dependent medical coverage,reflecting the market’s growing emphasis on work-lifebalance. Accounting & Finance Salary Guide Accounting & Finance Accounting & Finance Accounting & Finance Are you open to new careeropportunities? Looking to hire? Speak to one of our experienced consultants about yourrecruitment needs. Get started with your job search today and take the nextstep in your career. Search for your dream job Contact us Banking & Financial Services Corporate & investment banking: Interest rate hikesshifted banks to liability generation roles (CASA,deposit RM) and fee-income activities. Marketvolatility increased demand for rates traders, whileECM/DCM stayed slow. REPO and equity financingrose while banks expanded ASEAN presence. Private banking & wealth management developments:The sector began with 20% growth in relationshipmanagers before shifting to product and investmentadvisory roles. Family Office services gained tractionwhile banks enhanced digital capabilities andalternative investments. Retail banking dynamics: Mortgage downturn shiftedfocus to Wealth and Premium Financing. Branchrelationship managers maintained demand despitechallenges in wholesale banking. Customer segmentroles in Greater Bay Area and non-resident Chinesemarkets grew with Wealth Management Connectinitiatives. Risk & compliance market status: T