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The demand for talent with innovation and technology skills is set to drive recruitment activity in 2020 across different sectors, as digitalisation becomes an urgent priority for businesses to adapt to the uncertainty over global economic prospects, and, more recently, as a key part of business continuity planning in view of the COVID-19 pandemic.

This is one of the key findings in KPMG’s report, Hong Kong Executive Salary Outlook 2020. The report surveyed 569 business professionals, 86 percent of whom held managerial, department head level or C-level executive positions. The executives shared their perspectives and views on market and career opportunities in Hong Kong and the rest of the Greater Bay area.

This year saw a slight increase in the desire for ‘job security’ as a driver for seeking a new job, higher tolerance of workload and work pressure, and less demand for work flexibility and work-life balance. The report also provides a salary outlook for a number of key sectors in Hong Kong based on market insights and the knowledge of our professional team of consultants.