China – Tongdao Liepin Group fourth quarter revenue falls 18.9%

Tongdao Liepin Group, previously known as Wise Talent Technology Services Co (6100:HKG), the operator of Chinese job board Liepin.com, reported revenue on Friday of RMB 624.8 million (USD 90.7 million) for the three months ended 31 December 2022, a decrease of 18.9% when compared to the previous year....

China – Renrui HR full year revenue down 23.2% as profits fall

Renrui Human Resources Technology (6919: HKG), a China-based flexible staffing services provider announced its results last week for the year ended 31 December 2022. Total revenue of the group amounted to approximately RMB 3.63 billion (USD 528.1 million), a year-on-year fall of 23.2%. ...

Australia – AD1 Holdings appoints CFO and Company Secretary

AD1 Holdings Limited (ASX: AD1), announced the appointment of Todd Perkinson to the role of Chief Financial Officer and Company Secretary effective today.

Perkinson has over 20 years’ experience across various industries as CFO and other executive management levels. His previous roles have been with...

Japan – Worker shortage could reach 11 million by 2040, report finds

Japan may face a shortage of 11 million workers by 2040, according to a study by independent think tank Recruit Works Institute.

According to the findings, the labour supply, which was approximately 65.87 million in 2022, will decline to 63.37 million in 2030. By 2040, the labor force will shrink by 12%...

Japan – Number of temporary agency workers on the rise in February, unemployment rate improves slightly to 2.6%

The number of Japan’s non-regular employees, which includes temporary workers, dispatch workers, contractors, part-time workers and others, totalled 21.02 million in February 2023, up 1.4% when compared to the same period a year ago, according to data from Statistics Japan.

Meanwhile, the number of...

India – Average salary increments to drop to 9.1% this year

The average salary increments across companies in India is expected to decrease to +9.1% this year, down from +9.4% last year, as inflation, higher interest rates, and a slowing economy are forcing companies to practice more caution, according to a study conducted by audit and consulting firm Deloitte...

Singapore – Number of job vacancies decline in December quarter, but remains above pre-pandemic levels

The number of job vacancies in Singapore declined for the third consecutive quarter for the quarter ended December 2022 to 104,500, according to the Ministry of Manpower. Despite the decline it remained above the same level in December 2019 (pre-pandemic).

Data from the Ministry also showed that the total...

People – Workforce Singapore, Talent International

Workforce Singapore, the statutory board under the Ministry of Manpower that oversees the transformation of the local workforce and industry to meet ongoing economic challenges, announced that Dilys Boey, currently Deputy Chief Executive Officer, Enterprise Singapore (EnterpriseSG), will succeed Tan...

Asia Pacific – ManpowerGroup Greater China full year revenue rises 15.6%, but profits decrease

Shanghai-based ManpowerGroup Greater China (2180:HKG), a workforce solutions provider in China, announced today its annual financial results for the full year ended 31 December 2022. Revenue increased by 15.6% over the year to RMB 4.58 billion (USD 666.7 million).

Revenue growth was due to an increase...

Taiwan – More college graduates prefer to work in their country than overseas

More college graduates in Taiwan are willing to remain in their country to work than travel overseas, according a study from HR services firm 104 Corp.

According to a survey of 600,000 college graduates, in the last five years, on average, only 4% were willing to work overseas upon graduation. The top...