Hong Kong is one of the regions most developed nations which is primarily a business and trade hub. In terms of job opportunities, while it has a comfortable locally educated and qualified professionals, especially the multinational corporations based in Hong Kong are on the lookout for fresh talent from outside of the country. There are various degrees of talent and qualifications being sought out from the international job markets with some industries such as textile and clothing, finance, technology and other such service based industries always hunting for new sources to occupy. For those who are looking to work in Hong Kong, here are a few things to expect.
Working Hours and Industries
As mentioned above, there are certain industries always on the lookout for new recruitment, primarily due to the sheer magnitude of the industry and corporations such as those of the service industry which accounts up to more than 90% of the GDP. While being qualified overseas is good, having even a basic qualification such as HKIAC mediation
Or one of the HKMAAL courses will give you an edge over the others applying. While business is conducted in English, knowing a bit of Cantonese never hurt in Hong Kong. The basic working hours are Monday to Friday with the occasional half day on Saturday. However, with the various industries, these too may change and long hours may be required of a few more than others. As a norm though, most employees put in a 50+ work week irrespective of the industry in which they operate.
The statutory holidays for Hong Kong total up to twelve with another seven additional days allowed for employees as minimum annual leave. This is usually with pay after a service period of twelve months. In certain casesthis can even be increased up to fourteen based on the duration of employment, quality and type of work and also with the ethos, norms and cultures of the corporation. Visit http://www.profectional.com/cpt
Tax rates are straightforward and increase as your salary increases with a maximum being seventeen percent. However, as a foreign citizen, make sure to do the research of the tax laws for foreign employment and foreignexchange in your native country. Some countries such as the UK offer pension programs and these should be checked and eligibility matched against working in overseas countries.
The most fool proof way, unless you are a citizen of Hong Kong is to approach the job market either through a multinational corporation which is hiring or through the many job agencies available. These will assist you in finding a place to live and get you settled on the long term.