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Asia Pacific – Businesses face different challenges, says Randstad

04 December 2012

A new report by Randstad Asia Pacific found that clear discrepancies exist between companies in eastern and western parts of the world regarding the business changes they face in the near future.

Deb Loveridge, managing director of Randstad Asia Pacific, said mature markets have to deal with challenges such as adapting to multi-speed economies, falling productivity and a greater call for specialist skills.

Emerging markets, on the other hand, have to come to terms with rapid modernisation, slowing economic growth and shrinking export markets caused by financial worries overseas.

New technology has also brought changes to the Asia Pacific region. Flexible working, for instance, allows people to work from home because they can constantly be linked to the office via cloud technology.  But only a third of employers said that they are doing a good job at offering flexible working.

The report also found that 48% of companies plan ahead for their workforce for less than a year while 38% do so for a year. Workforce planning exceeding two years is low with just 11% planning ahead for this long.  “The problem that this can give is that employees fail to become engaged with the forward-thinking vision of the firm, and many will end up leaving to look elsewhere for positions because of this,” the report stated.

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