Contract professionals want higher salaries than employers willing to offer

Contractors are in high demand.

Vacancy activity is rising in Hong Kong for contract professionals.

According to a release from Hays, however, while candidates are more accepting of these assignments they want a higher salary than employers are willing to offer.

In its latest Hays Quarterly Report for July to September 2015, Hays says that a growing list of both permanent and contract candidates are in high demand.

Yet while permanent candidate expectations are reasonable, there is a gap between the salary increase expectations of employers and employees when it comes to contract roles.

Here's more from Hays:

“Contractors, or candidates interviewing for contracting opportunities, typically ask for a higher pay rate given that such roles offer fewer benefits compared to permanent roles,” says Dean Stallard, Regional Director of Hays in Hong Kong.

“However employers are offering only modest increments in the current business climate.”

Dean says that candidates are becoming more accepting of temporary roles. “Many contractors are already working for a premium rate and as a result permanent employees are open to temporary positions based on the potential they offer to earn a higher compensation.”