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Talent war is coming Looking ahead, Kevin Gibson, founder of Web3 recruitment firm Proof of Search, told Cointelegraph it could take six months for crypto talent to surge into the region as companies wait for license approvals. “A lot of specialist talent has left Hong Kong in recent years,” Gibson explained. He said the local talent pool is thin, and companies landing in Hong Kong “will find themselves in an extreme war for talent.“ Setting up in Hong Kong requires key roles to be full-time positions. Gibson thinks a “talent squeeze” will continue through to 2024 as Web3 companies “will probably look to move headquarters to a pro-crypto jurisdiction if things go to plan.” The latest data for the city’s demographics show a negative population growth rate since 2020. Employment stats for Q1 2023 show the number of vacancies increased by nearly 38% compared to the same time last year. Yung added the main challenge is “attracting talent with an interest in these sectors” as many candidates are risk-averse given the “current market sentiment.“

<div><span style="font-size: 15px;">Talent war is coming</span></div><div><span style="font-size: 15px;">Looking ahead, Kevin Gibson, founder of Web3 recruitment firm Proof of Search, told Cointelegraph it could take six months for crypto talent to surge into the region as companies wait for license approvals.</span></div><div><span style="font-size: 15px;">“A lot of specialist talent has left Hong Kong in recent years,” Gibson explained. He said the local talent pool is thin, and companies landing in Hong Kong “will find themselves in an extreme war for talent.“</span><br /></div><div><span style="font-size: 15px;">Setting up in Hong Kong requires key roles to be full-time positions. Gibson thinks a “talent squeeze” will continue through to 2024 as Web3 companies “will probably look to move headquarters to a pro-crypto jurisdiction if things go to plan.”</span><br /></div><div><span style="font-size: 15px;">The latest data for the city’s demographics show a negative population growth rate since 2020. Employment stats for Q1 2023 show the number of vacancies increased by nearly 38% compared to the same time last year.</span><br /></div>Yung added the main challenge is “attracting talent with an interest in these sectors” as many candidates are risk-averse given the “current market sentiment.“<img src="https://d1x7dwosqaosdj.cloudfront.net/images/2023-07-10/e1ccd09cda76e6cc5beed32ec514ce73.jpg" alt="Screenshot_2022_1224_100754.jpg" style="width:100%; height:auto; margin-top: 10px; margin-bottom: 10px" /><br /><br />

Kevin Gibson, founder of Web3 recruitment firm

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