At Hudson, consultant Mignon Kwok, who covers IT in the banking and finance sector, found 2011 "quite a roller coaster year." The active merger and acquisition activities in the first half of 2011 drove demand for talent in infrastructure, application support and business-analyst roles. But the scene changed in the second half, as concern about economic situation at the Eurozone built up.
"The volatile stock markets caused layoff in the trading floors, reducing the demand for desk and application support for the traders," she said. "Many banks became conservative and started to freeze their head-counts," she noted.
For the general commercial sector, Candy Ho, consultant for IT&T at Hudson, noted the retail sector experienced a year of talent shortage in 2011. The flow of mainland tourists has significantly benefited the local retail sector in the past few years. Ho said more local retailers are either expanding towards China or managing the mainland operations locally, thus upgrading their retail applications platforms.
"There was a higher demand for IT professionals in the retail sector [in 2011], thus driving a higher turnover," she said. "Most of the hiring occurred at middle to senior positions, particularly technical solution managers, solution architects or experts in retail applications."
Looking forward to 2012, local IT professionals are expecting a fairly stable year with 44% are expecting further turnover. But 29% are seeing no staff turnover, while 28% remain uncertain, according to the CWHK Survey.
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