The Impact of Changing Employment System and Human Resource Practices to Labour Market Mismatch: A Case of the Hong Kong Banking Sector
This research sets out to examine why labour market mismatch exists in Hong Kong’s banking sector despite the recent implementation of important labour market policies in the economy. It is argued that in studying labour market mismatch, one should go beyond examining labour market changes at the societal level to capture the structural changes as found in the employment system characterising jobs in the sector examined and the associated changes in the human resource management practices implemented in that sector at the organisational level. Some policy implications to address the issue of labour market mismatch will be drawn from the study. This research is based on information collected from primary sources of data collected from interviews conducted between July 2005 and March 2006 and again between September 2012 to November 2014 with both line and human resource managers employed by a sample of Hong Kong-based banks and secondary sources of data including relevant government publications, banks’ annual reports and newspaper reports.
Cappelli, P. and Keller, JR. (2013) ‘Classifying Work in the New Economy’ Academy of Management Review, 38 (4): 576-596.
Davos-Klosters (2014) Matching Skills and Labour Market Needs: Building Social Partnerships for Better Skills and Better Jobs, Global Agenda Council on Employment, World Economic forum.
FSDC, (2015) Developing Hong Kong’s Human Capital in Financial Services, Financial Services Development Council, Hong Kong, January, paper No. 13.
Lawrence, P (1985) ‘The History of Human Resource Management in American Industry’ in Walton, R.E. and Lawrence, P.R. (eds.) HRM Trends and Challenges, Boston, MA, Harvard Business School Press.
Osterman, P. (1987) ‘Choice of Employment Systems in Internal Labour Markets’ Industrial Relations, 26 (1): 46-67.
Sutherland, J. (2012) ‘Qualifications Mismatch and Skills Mismatch’ Education & Training, 54 (7): 619-632.