Tech training budgets dip in companies

Monday, June 24, 2019

About half of Hong Kong's  institutions have arranged new technology training for employees, but the proportion of the budget compared with the annual salary fell by 0.1 percentage point year-on-year to 3.3 percent, according to Hong Kong Institute of Human Resource Management.

The survey covered 111 institutions from 18 sectors, involving over 5,400 full-time employees, and found that 46 percent of the respondent firms have trained their employees to use big data and cloud.

Over 60 percent of the surveyed firms applied at least one online platform for employee training, while more than 80 percent of the firms from transportation and logistics sectors train their staff online.

The proportion of the employee training budget in the annual salary was 8.6 percent in banking, financial services and insurance sector, while the figure in the media industry was 0.4 percent, according to the survey.

The average training hours for each employee dropped 6.5 percent to 16.9 hours last year.

Barry Ip Wah-shun, vice president of HKIHRM said that the business environment for small-sized companies was impacted by the Sino-US trade tension to some extent, while impact on middle and large-sized firms is limited.