How Do We Analyse Manpower Dynamics ?
VTC assesses the manpower demand for 24 major industry sectors covering more than 80% of the Hong Kong working population. The manpower dynamics of each of the 24 industries in Hong Kong is analysed through manpower survey and manpower update in a 4-year cycle. The manpower survey is a quantitative survey conducted with relevant companies once every 4 years to collect information of employees count, income, education, and so on. The manpower update is conducted twice in the 4-year cycle through focus group meeting with industry representatives and data analytics of major recruitment platforms. The information obtained from both manpower survey and manpower update aims to facilitating the Government and different stakeholders of industries for formulation of manpower and training plan.
Manpower Survey Tooltips
Companies
Enumerator
4-Year Cycle
Manpower Update Tooltips
Latest Report
- Electrical and Mechanical Services
- 2021 Manpower Update Report
The Challenge of Retirement Wave and Lack of New Bloods for Succession
Apart from the aircraft maintenance sector experienced hard hit by the COVID-19 pandemic, the impact of the pandemic to the Electrical and Mechanical Services Industry was relatively mild. The industry is facing the challenge of retirement wave and lack of new bloods for succession. To this end, the Electrical and Mechanical Services Department has stepped up their recruitment of technician trainees in recent year, and the trainees were arranged with a 30-month workplace attachment in the private sectors. Adoption of new construction technologies such as Building Information Modelling (BIM), Design for Manufacture and Assembly (DfMA), and Modular Integrated Construction (MiC) is the worldwide trend; in-service practitioners and engineering discipline-related students are highly recommended to equip with relevant knowledge and skills to improve their competitiveness.
- Real Estate Services
- 2020 Manpower Update Report
Grasping the Opportunity to Attract New Blood
Hong Kong’s economy has experienced a setback amid the COVID-19 pandemic. The real estate services industry is comparatively less impacted, and has recruited certain laid-off employees from other industries. Nevertheless, some employers expect that they will face challenges in retaining the talents, in particular the manpower at professional level, owing to the wave of emigration and competition for talents from public sector.
- Building, Civil Engineering and Built Environment
- 2021 Manpower Update Report
Trend of Using Modular Integrated Construction (MiC) in Construction Projects
MiC projects are first of all driven by the Government that the off-site manufacturing for on-site assembly methodology might reduce the construction time and labour cost as well as being more environmentally friendly. The methodology should be used with Design for Manufacture and Assembly (DfMA) approach such that construction wastes could be minimised.
- Beauty Care and Hairdressing
- 2020 Manpower Survey Report
New Experience in Industry Development
With the impact of the new coronavirus epidemic, the beauty and hairdressing industries is encountering unprecedented challenges. The industries have undergone new business development models under the "New Normal". For example, changes in supply chain and customer experiences and further adoption of online sales and promotion to match with the digital trend. In this high-end technology era, practitioners are required to equip themselves with the robust latest knowledge, skills and technology (such as digital media and marketing strategy, professional customer services and flexible sales techniques, etc.), which is essential for enhancing the competitiveness and distinctiveness in customer-centric beauty and hairdressing industries. (English report will be uploaded later)
- Security Services
- 2020 Manpower Update Report
The Increasing Number of Security Personnel Permit Holders due to the COVID-19 Outbreak
The outbreak of COVID-19 has not only curbed tourism spending but also local consumption, resulting in business closures, layoffs and/or unpaid leave for workers. Some of the laid-off workers have joined the workforce in security guarding services. As at 30 June 2020, there was an increase of 8.4% in the number of valid Security Personnel Permit (SPP) holders as compared with 2019. However, the industry estimated that some of the newcomers will leave the industry when the economy gets into better shape.
- Accountancy
- 2020 Manpower Update Report
The Paradigm Shift
Technology is reshaping the profession. While some accounting practitioners are reskilling or upskilling themselves using technological tools to transform the role they need to perform, tech-savvy practitioners with core technical knowledge are most needed by employers. Agility, resilience to change and the ability to embrace technology are the desired attributes of future accounting practitioners. The future accounting workforce should make good use of their creativity, agility, critical thinking and adaptability to effectively respond to an environment of technological change.
- Banking and Finance
- 2020 Manpower Update Report
The Call for Digital Talents
The advancement in technology is reshaping the manpower landscape of the banking and finance industry. Financial institutions, whether they are big or small, are trying their very best to update their legacy systems and rely very much on technology to improve operational efficiency and enhance customer experience. Institutions also need talents who are agile and adaptive enough to navigate the changes and face the challenges that lie ahead. Employees should comprehend how new technologies are able to be applied effectively to achieve organisational goals.
- Insurance
- 2020 Manpower Update Report
Changing Customer Expectations
Nowadays, customers, particularly the Millennials, get used to buying online and e-commerce. They have grown up with the Internet, mobile devices, social media, and the cloud, etc. These customers are expecting similar online experience as they normally do from popular e-commerce and online platforms when they are considering buying insurance products. What is more, with the emergence of virtual insurers, traditional insurance companies have to embrace InsurTech to revamp the entire system in order to satisfy customer needs which are invariably evolving.
- Innovation and Technology
- 2020 Manpower Update Report
Industry-Institution Collaboration Bridges the Talent Gap
Digital transformation happens in all industries and digital revolution is reshaping the way how businesses are functioning and how companies are interacting with customers. The market is hard to find highly skilled talents possessing both the domain knowledge and the technical skills in the innovation and technology sector. In view of such talent gap, industry-institution collaboration helps encourage more academic research and elevate student projects to local innovative products and solutions. The benefits of industry-institution collaboration are enormous to both students and companies.
- Import/ Export/ Wholesale Trades
- 2020 Manpower Update Report
Implementing Digital Plans
Together with the pandemic outbreak and the escalation of US-China trade conflicts, it is imperative for enterprises to implement digital plans in phases and explore new business opportunities beyond the US market such as “the Association of Southeast Asia Nations” (ASEAN). Furthermore, to adapt successfully to this changing business environment under the digital era, there is a rising demand for talents in data analysis, digital marketing, e-commerce, computer programming and project management.
