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G-GTM-logo-1Today’s economic environment makes cross-border hiring more attractive than ever for companies. Access to a large pool of high-quality talent, plus remote work trends, keeps driving global hiring growth.

The state of global hiring: Deel’s latest report looks at the last six months, showing that the pace of global, distributed hiring is still accelerating.

  • Deel’s data, pulled from 100k+ worker contracts, indicates that the rate of global hiring increased 145% or more in all regions, with companies in LATAM and APAC leading the way.
  • Given the high demand for talent and a shortage of available candidates, companies are looking outside higher-cost countries to find quality talent. As a result, salaries are rising worldwide, particularly in Italy, Brazil, and India.
  • Demand for product and design roles is shifting from the US to countries such as Argentina and India.
  • London, Toronto, and Buenos Aires are the most popular cities for remote workers.
  • Ukraine makes its first appearance in the top three most popular countries in EMEA to hire from, second only to the United Kingdom.

Hong Kong Snapshot 

“Competing in today’s economy and business landscape means that companies of all sizes need to move fast – and creatively – to capture opportunities. To do so, they also need to secure the best talent, wherever they are, whether as full-time employees or contractors.

In our latest Global Hiring Report, we see Hong Kong companies doing exactly that. They are increasingly open to hiring contractors to fill gaps and bringing onboard remote talent, having experienced success in a hybrid environment during the pandemic.

This is good news for young workers who increasingly prefer contract work or roles with the flexibility to be based anywhere they want. In response, companies hire by time zones rather than location. This is a win-win situation as we continue to see companies looking to address their talent gaps,” said Karen Ng, Regional Head of Expansion & Market Lead Hong Kong, Singapore, ASEAN, and India.

Hong Kong Data Highlights: 

  • Hong Kong companies are increasingly looking into global hiring to fill talent gaps.
  • As of June 22, Hong Kong is the 4th fastest growing market in APAC and the 7th globally.
  • The top 5 roles Hong Kong-based companies are hiring for are: Translator (29%), Consultant (13%), Software Developer (11%), Software Engineer (10%), Sales Development Representative (9%)
  • Hong Kong companies are turning to contractors, too, with nearly 30% hiring contractors for their workforce. And of all Hong Kong-based workers on Deel, 49% are hired by organizations based in Hong Kong.
  • For the tech sector especially, nearly half (47%) of Deel’s customers are hiring contractors to fill the talent gaps, followed by financial services and management consulting & research, both at
  • Those who are Post 00’s to Post 90s are more open to remote and contract work and benefit from this hiring trend. Here’s an age breakdown of contractors hired through Deel in Hong Kong:
  1. 43+ (Post 70s) – 12%
  2. 33 – 42 (Post 80s) – 31%
  3. 18-32 (Post 00’s – Post 90s) – 54%
  • Hong Kong is an exporter of creative talents – signalling a potential rise in the city’s arts industry.
  • The role of Animator is the second most popular role that companies are hiring for from Hong Kong, after Statistician (#1). Engineer ranks third.
  • The United States is #1 in the list of the most popular countries to work remotely for Hong Kong talent. In APAC, Singapore ranks #1.
  • The top 5 most popular countries for Hong Kong talent are the United States (44%), the United Kingdom (13%), Singapore (8%), Germany (4%), and Australia (4%).

The takeaway for employers and workers: Finding high-quality talent might require broadening your hiring pool. It’s time to think more globally if you want great talent that won’t cut into profits. For employees and contractors, finding the best job might require working for companies not based in your home country. This shift is helping people find better opportunities, with salaries on the rise in many developing economies.

Methodology: Deel’s report findings pull together aggregated data from Deel’s 100k+ teammate contracts and 11,000-plus customers across more than 150 countries, as well as over 500,000 data points from third-party sources. All countries, states, and cities in the report have at least 20 worker contracts on file as of June 2022. Because of the war in Ukraine, Deel is not accepting new customers in Russia; we’ve thus excluded Russia’s country data from the report. 

Please note that Deel’s data is currently more representative of tech and remote hiring trends. The company’s data sets, while robust and growing (collected since 2019), do not yet evenly capture contracts across all industries.

Edited by: Jill Walsh