The world economy looks like it might be in for a rough ride, but through shrewd management, the pain on all sides may be lessened, according to a recent regional survey.
Much of the concern, particularly for those in human resources (HR), pertains to hiring strategies for the new year. While many may decide to scale back expansion, Sydney-headquartered consultants Talent2 suggests that Hong Kong companies could well continue to hire, albeit on a more flexible or "contingent" basis. This approach is already in wide use in the United States and Europe, it adds.
The company's latest APAC Market Pulse Study included a survey of over 700 senior business executives in Hong Kong, Singapore, Australia, New Zealand, Japan, and China. The findings show, encouragingly, that over half - 55 per cent - feel better prepared for looming volatility and how best to cope with it from a