Fresh grads now are less hardworking than preceding batches

Students can't cope with challenges.

Hong Kong Financial Secretary John Tsang has said that economic growth could slow down in the second half of the year.

According to a research note from Morgan McKinley, in a blog post, Tsang cited emerging market outflows and uncertainties in the global economy as likely causes.

"The speed of the economic growth may not be as high as that in the first half of the year. But I think there is no need to be overly worried or pessimistic because our economic foundation remains good and I believe we are strong and experienced enough to cope with the possible rough situations that may come."

Despite Tsang’s pessimistic comments, figures released in August showed the local economy expanding by a stronger than expected 2.8%.

Here's more from Morgan McKinley:

According to human resources professionals and academics fresh graduates are less hardworking than previous generations.

Simon Lee Siu-po, assistant dean of undergraduate studies at Chinese University’s business school, said that students are unable to cope with challenges and lack problem solving skills.

This has resulted in many employers favouring hiring mainland students, who are seen to perform better and value more what they earn.

Richie Holliday concluded by adding, “Although the region saw a severe financial shock due to the market correction in China, professionals seeking new roles remained confident. Some employers put on the brakes in regards to hiring, in a move to see how permanent the market drop would be. The fourth quarter should see a pick-up in hiring, providing that the markets remain stable.”