Thaiger Posted January 25, 2022 #149276 Share Posted January 25, 2022 Investment banks and corporate laws firms are among the businesses warning of an impending talent crunch in Hong Kong as ongoing travel restrictions force expats to give up and leave. According to a Reuters report, Australian lawyer Tania Sibree is one of many foreign professionals heading back home. “The hotel quarantine made it just so tough for people to travel and that was the big incentive to being in Hong Kong, it was close to home and my parents. But you cannot do that long in hotel quarantine with kids. Everyone had been thinking the restrictions would be lifted, it […] The story Firms warn of Hong Kong talent shortage as expats give up and leave due to ongoing Covid restrictions as seen on Thaiger News. Read the full story Quote Link to comment Share on other sites More sharing options...
Poolie Posted January 25, 2022 #149318 Share Posted January 25, 2022 This the same Reuters who thought the New Zealand leader was a veritable saint for her 'zero-covid' strategy? Appears so. There's a plethora of talent just to the north, I shouldn't worry too much. 1 Quote Link to comment Share on other sites More sharing options...
Marc26 Posted January 25, 2022 #149326 Share Posted January 25, 2022 I think it has to do more with Financials Expats used to get huge expat packages Housing, drivers, maids, schooling for kids Now they get salaries only One of my good friends went over there Him and his wife make at least 300k combined Possibly more. They have no savings. They have 2 kids so their rental is like 10k/mo just to have enough room for all of them Then add in school tuition Every day costs are expensive Leaves them with not much to save 1 Quote Link to comment Share on other sites More sharing options...
AmySukwan Posted January 25, 2022 #149334 Share Posted January 25, 2022 I think it's a lot of things and cost of living is one. But the three week quarantine after coming back from visiting relatives in the home country or going on a business trip is going to be a huge one. I don't think it will result in Zero Co I'd, but the Zero Carbon folks should be pleased Quote Link to comment Share on other sites More sharing options...
dj230 Posted January 25, 2022 #149337 Share Posted January 25, 2022 (edited) Elon musk mentioned in China in person meetings are very important, maybe that's why. Elsewhere I can't see how "talent" especially in IT couldn't just work online/at-home/remotely. Most of the big tech companies in USA have delayed re-opening their offices and are doing fine. Edited January 25, 2022 by dj230 Quote Link to comment Share on other sites More sharing options...
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