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Hire In Hong Kong

Updated on:
16 Jan, 2024
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Hong Kong
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Employ contractors and employees in 160+ countries
EOR in 
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(billed monthly)

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Hire in Hong Kong

Hong Kong is known for its highly developed free-market economy. The main features of the country’s market include free port trade, low taxation, and a developed international finance market. Hong Kong is considered to be one of the most important business centers in the world. Due to the aftereffect of the pandemic, Hong Kong’s unemployment rate has increased to 6.8%, and the population is around 7.45 million.

The last decade has shown growth in the four key industries; financial services, tourism, trading and logistics, and professional services. These industries are the main roots for the economic growth of the country as well as the development of other sectors. The country has got the most attractive business environment and has the seventh-largest port in the world. Surprisingly, you can start a business in Hong Kong within one and a half days.

Overview of Hong Kong

According to the 2023 statistics, Hong Kong is ranked 39th in the World’s GDP Ranking. The four key sectors dominate the economy along with the emergence of start-ups. E-Commerce industries contribute 22%, whereas Fintech and Software industries contribute 12%. The country is governed by a policy of positive non-interventionism, which easily helps in setting up a business. The country is ranked as number one by The Economic Freedom of the World Index.

Total population – 7,496,681 people (2024)

GDP - 349.45 billion (USD) (FY20)

Economic Overview

Hong Kong's economy showed an upward growth in the first quarter of 2023 but the momentum softened in the second quarter. However, the GDP expanded by 1.5% in Q2 of 2023 compared to the year's first quarter 2.9% growth. The tourism industry, which was one of the key industries, is affected because of the pandemic and will take time to recover. The unemployment rate has increased from 4.2 % to 6.8%.

Market Size

Hong Kong's market capitalization accounted for over 4 trillion USD in June, 2023. The economy is expected to grow from 3.5 to 5.5 %. Financial and professional service, health, and export industries were the ones least affected. And e-commerce, advertising, and software are the emerging industries.

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A brief glimpse of the industries 

  • As the financial and insurance industry is internationalized and highly modernized, the industry was least affected.  The financial industry is the important pillar of the economy that accounts for 21.7% of the country’s GDP in the year 2019. 
  • The tourism industry was hit hard by the Covid-19. It is one of the key industries of the country. It contributes around 4.5% of the country’s GDP. The total number of tourists who visited the country was reduced to 88.2 % in 2020 due to the pandemic. The average hotel room occupancy has also decreased to 79%, according to the reports in May 2020. 
  • Hong Kong’s merchandise trading sector also witnessed a decline of 5.7% to US $1,073 billion (HK $8,404 billion) in 2019. The rate of offshore trade has increased by 8.3 %. The import and export sectors, especially the exports, show growth and gain in the first quarter of 2020. 
  • The healthcare industry of Hong Kong is well advanced, and the people have got the highest life expectancy compared to the other countries. The private and public health services contribute to 6.2% of the country’s GDP according to 2018-19.

Cost of Living in Hong Kong

Hong is ranked 1st in the cost of living in the world. It is the most expensive city in the world. The cost of living is extremely high compared to the other cities due to the dense population and low supply, and high demand for land; the housing price is very high. Property rates are very costly.

Category Area of expense Estimated cost Range
Utilities Electricity, Water, Heating, Internet services, Prepaid mobile tariff $252.12 (1956.35 HK$) US $150 – 476
Rental rates

Apartment (1 room) in city and outside city,

Apartment (2-3 rooms) In the city and outside the city.

$ 1902.72 (14.764 HK$)

$ 3809.1 (29,556 HK$)

US $ 1031-3220

US $ 2319.7-7088.1

Transportation Cost One way ticket local transport, Taxi tariff, Gasoline. $ 6.68 (51.87 HK$) US $ 6.0 – 8.00
Food and Beverage Grocery, Vegetables, Meat and Poultry 1,076$ (8,357HK$) US $ 900 - 1300
Salaries and Financing

Average monthly net salary

$ 2956.11 (22,937.68 HK$)

Interest rates


Salary structure for various roles

Depending on various employment sectors present in Hong Kong, individuals can expect the average salaries to be around: -

Business Sector

Average Annual Salary (HKD)

Average Annual Salary (USD)

Education and Training

$4,66,000 HKD


Wholesale Trade

$4,79,000 HKD


Transport, Postal, Warehousing

$6,87,000 HKD


Accommodation, Cafes and Restaurants

$2,93,000 HKD


Retail Trade

$2,06,000 HKD


Professional, Scientific and Technical Services

$5,88,000 HKD


Financial and Insurance Services

$5,07,250 HKD


Information Media and Telecommunications

$4,04,000 HKD



$2,58.000 HKD



$3,00,000 HKD


Rental, Hiring and Real Estate Services

$4,97,000 HKD


Arts and Recreation Services

$3,60,000 HKD


Electricity, Gas, Water and Waste Services

$6,22,000 HKD


Administrative and Support Services

$2,21,000 HKD


Health Care and Social Assistance

$6,56,000 HKD


Public Administration and Safety

$1,93,000 HKD



$3,83,000 HKD


Cost of Renting

The cost of living in Hong Kong may depend upon the location and size of the house. A one-bedroom apartment may cost you about 17,230.77 HK$ depending upon the area. The rent is subjected to an increase depending upon the desired facilities.

The top sectors that are expected to hire in 2024 in Hong Kong are: -

S. No. Top Industries Looking to Hire
1 Agriculture
2 Healthcare and Medical
3 English Language
4 Finance
5 Human resource
6 Legal Practice
7 Animators
8 Advertising
9 Engineering
10 Accounting

Top Skills in Hong Kong

Hong Kong is a highly developed free-market economy. The main industries are the finance, tourism and professional service sector. Consequently, it is keen on hiring skilled individuals and highly qualified professionals trained in various hard and soft skills. From architects to animators, there are lots of job opportunities available.

Major skills and areas which witnessed a recent growth rate

  • Architecture
  • Language (creative opportunities)
  • Advertising
  • E-Commerce
  • Digital Marketing
  • IT/Computer Science

Top skills city-wise occupation-wise

Hong Kong is known for its floating islands and unique skyline. It is the most expensive city to live in the world but offers great employment prospects. It creates opportunities for the immigrants as well as the expats.

  • Victoria City - It is the capital city of Hong Kong, and all the government bureau head offices are situated here. It is one of the most developed cities in Hong Kong. There are opportunities in software and networking engineering as well as in human resources.
  • Kowloon - It is one of the famous urban areas of Hong Kong. It has more job opportunities in financial services, schools, advertising, and IT services.

Hiring Cost

In order to conduct a seamless recruitment process, you need to focus on several important factors. Some of the essential aspects of a hiring process are: -

  • Onboarding and training cost
  • Cost of conducting interviews and hiring processes
  • Time invested in the process

Employment laws in Hong Kong

There are proper laws and benefits ensured by the Government of Hong Kong for employees. It also ensures occupational health and safety. The Employment Ordinance frames a code for employment based on the following aspects-

  • Maximum work hours
  • Paid and unpaid leaves
  • Workplace surveillance; and
  • Anti-discrimination
  • Free employment and recruitment services

Hong Kong Remote Hiring Trends

Hiring Trends and Remote Work Culture in Hong Kong

Across the globe, remote employment is on the rise in 2022 as many employees prefer to do at least some of their work at home. In contrast, this may be on the decline in Hong Kong — a recent survey conducted by Randstad found that of 3,000 respondents, only 32% work fully remotely in 2023 as opposed to 62% in 2021. Still, remote work continues to be available as the global pandemic has impacted employers to the present day.

In-Demand Remote Jobs and Titles in Hong Kong

Top jobs in demand in Hong Kong include jobs in engineering, banking and financial services, insurance, and marketing. Relatedly, job titles in demand include application developers, devOps, mobile developers, project managers, cloud specialists, systems engineers, and data analysts.

Overall, the growth in hiring is high, with IT job recruitment rising by 6%.

Top Companies Hiring Remotely in Hong Kong

Some of the top companies that are currently hiring include

  • PwC
  • Deloitte
  • EY
  • HSBC
  • KPMG
  • Accenture

How Can Skuad Help You with Hiring in Hong Kong?

In order to conduct a smooth hiring process in Hong Kong, not only do you need considerable resources but in-depth knowledge of local laws. This will take up a lot of your precious time and resources. Skuad’s unified employment platform simplifies recruitment for organizations. Connect with Skuad to know more.

EOR in 
Hong Kong
(Save upto 15%)
(billed annually)
Start Hiring Now

Employ contractors and employees in 160+ countries

Get started
EOR in 
Hong Kong
(billed annually)
(billed monthly)

Employ contractors and employees in 160+ countries

Table of Content

Building a remote team?

Employ exceptional talent, anywhere, anytime!

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