Australia – HiTech Group posts H1 revenue growth of 37% with increase in profits

Australian recruitment and consulting company HiTech Group Australia (HIT: ASX) reported revenue today for the six months ended 31 December 2022 of AUD 40.71 million (USD 27.7 million), an increase of 37% compared to the same period last year.

Asia Pacific – Most employers have had to increase salaries in the last year to retain staff

Over half, or 54%, of employers in Hong Kong have had to increase salaries in order to retain existing employees over the last 12 months. At the same time, 61% of employers in Singapore have had to increase salaries to retain existing staff in the last year. This is according to research from Morgan...

Japan – Average hourly wage posts second consecutive record high for temporary workers across three metropolitan areas

The average hourly rate reached record highs in three major metropolitan areas in Japan for temporary staff for the second consecutive month in four occupations, according to data from the Jobs Research Centre at Recruit Jobs, part of Japanese staffing giant Recruit Holdings.

For temporary staff, the...

Japan – Tsunagu Holdings Q1 revenue up 25.2% while profits climb

Tsunagu Holdings (6551:JP), a Japan-based company offering recruitment related services, reported revenue on Tuesday for the first quarter ended 31 December 2022 of JPY 3.51 billion (USD 26.2 million), an increase of 25.2% when compared to the same period last year.

Japan – Career Co., Ltd first quarter revenue rises 42% with growth in profits

Career Co., Ltd., (6198:JP), a Japanese HR services firm, reported revenue for the full year ending 31 December 2022 of JPY 4.89 billion (USD 36.5 million), up 41.9% when compared to the same period last year.

South Korea – Number of temporary workers down 1.2% in January, unemployment rate improves to 3.6%

The number of temporary workers in South Korea fell by 1.2% year over year to nearly 4.18 million in January 2023, according to data released by Statistics Korea.

When compared to the previous month, the number of temporary workers fell by 5.9% in January 2023. The data is not seasonally adjusted.

Further...

New Zealand – Government raises minimum wage

The adult minimum wage in New Zealand will be rising to NZD 22.70 (14.27 USD) per hour beginning 1 April 1, Prime Minister Chris Hipkins announced, as part of broader reforms he unveiled on February 8 to fight inflation.

The increase in the minimum wage will beNZD 1.50 (USD 0.94) from the current minimum...

India – Apple supplier to rapidly double staff in India (Reuters)

Apple supplier Salcomp, a Finland-based company, plans to double its workforce in India to 25,000 employees over the next three years as it shifts production away from China due to its strict Covid policy, Reuters reported. Salcomp is targeting an annual revenue of at least $2 billion to $3 billion,...

India – Info Edge Q3 revenue up 33.4% with 40% growth in Recruitment Solutions

Info Edge India Ltd (NAUKRI:NSI), the Indian job board, reported revenue Friday from operations for the third-quarter ended 31 December 2022 of INR 5.55 billion (USD 66.9 million), an increase of 33.4% compared to the same period last year.

Japan – Outsourcing full year revenue rises 21.2% with broad-based growth

Japan-based staffing firm Outsourcing Inc. (2427: JP), the tenth-largest global staffing firm, reported revenue yesterday for the full year ending 31 December 2022 of JPY 689.7 billion (USD 5.18 billion), an increase of 21.2% when compared to the previous year.