Company: CLIK
Filing Date: 2025-03-27
Form Type: F-1/A
Source: 0001013762-25-003127
Chunk: 104

Company: Click Holdings Ltd.
Filing Date: 2025-03-27
Form: F-1/A
Chunk 104
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 requirements (excluding foreign domestic helpers) of Hong Kong are projected to increase by 127,000 from 3.61 million in 2017 to 3.74 million in 2027, representing an average annual growth rate of 0.3% over the projection period. According to the latest labor force statistics (i.e., provisional figures for November 2023 to January 2024) released by the Census and Statistics Department of Hong Kong ( www.censtatd.gov.hk / en /), the seasonally adjusted unemployment rate remained stable at a low level of 2.9% from November 2023 to January 2024, mirroring the rate recorded from October to December 2023. Therefore, the widening gap in the projected supply and demand of manpower in Hong Kong is expected to give rise to an increased demand for human resources services to match manpower with local vacancies. Manpower industry in Hong Kong The manpower industry in Hong Kong mainly consists of two main segments: staffing services and recruitment services. The staffing services segment can be further sub -categorizedinto professional staffing and temporary staffing. Professional staffing services provide personnel with certain professional skill set for specific function, often encompassing areas such as accounting, human resources management and company secretarial duties. Businesses in need for such professional staffing range from professional firms to enterprises of various sizes. Temporary staffing services provide manpower for industries characterized by high staff turnover, particularly serving as substitutes for absent permanent workers which are highly mobile, and providing additional workforce during the peak seasons. These workers, often self -employed, rather than employees of any temporary staffing agency, generally fill positions in warehousing, industrial and technical roles. Recruitment agencies, also referred to as headhunters, match job seekers looking for temporary or permanent placements with enterprises with openings for temporary and permanent positions. These agencies may specialize in the placement of senior managers, mid -levelmanagers, technical personnel or back -officesupport staff, among others. Overall, the manpower industry in Hong Kong is highly fragmented with no leading players with significant market share. Staffing companies often work as intermediaries, assisting employers in accurately describe job openings and screen for suitable candidates. The increasing adoption of sophisticated, automated tools for job description and candidate screening tools may render many traditional functions of personnel agencies obsolete. Free social networking sites have emerged as a popular way for recruiters and employees to connect directly without the assistance of a staffing agency. To remain competitive in the market, many market participants are leveraging information technology to expand both the vendor and demand sides of