Overseas employer
Already set up a company in Hong Kong, so what’s next? Look for a local specialist to grow your business.
Hiring people in Hong Kong may not be as simple as you imagine. So why not talk to us?
There are many hidden costs that you may have overlooked. When employing in Hong Kong, it is likely that you may fail to factor in some costs while estimating a budget for the assignment. Usually, these costs occur during the course of employment and tend to be country-specific. They are often unpredictable and unavoidable resulting in the assignment being far more expensive than the business intended it to be. Hiring just one employee in Hong Kong doesn’t justify the effort and cost it takes for a company to learn everything from scratch about employing in Hong Kong.
Outsourcing services is the most preferred way for global mobility professionals to contain costs with 71% stating that they have already made outsourcing changes in an effort to maximise cost savings. Unsurprisingly, outsourcing is preferred over reducing the number of assignments/transfers or improving in-house administrative processes as a method to save costs.
These considerations are common when hiring an employee in any new country. In our years of experience employing in Hong Kong we have helped our clients with several other problems specific to Hong Kong.