It’s as if someone has pulled the plug from Hong Kong’s IT talent pool. Even as local demand and average salaries for information technology expertise outpace that of many other sectors, the city is experiencing a
brain drain that is expected to worsen.
After the pandemic and an
exodus of young people to the United States, Britain, Canada and other countries, recruitment company Venturenix last year projected that an additional 100,000 IT professionals would be required to bridge the market gap within five years. Hong Kong produces only around 1,500 university graduates in software engineering-related fields every year.