Japan – Benext-Yumeshin first quarter revenue rises 6.7% on back of continued growth in demand for engineers

Japanese technical staffing firm BeNext-Yumeshin (2154: JP), reported revenue today of JPY 38.99 billion (USD 263.9 million) for the first quarter ended 30 September 2022, an increase of 6.7% compared with the previous year.

The increase in sales and profits was attributed to the continued growth in demand...

Japan – Interworks reports H1 revenue and profit improvement

Interworks (6032:TYO), a Japan-based recruitment company reported revenue today for the first six months ended 30 September 2022 of JPY 1.43 billion (USD 9.7 million). The group did not provide prior year results for comparison, however last year’s revenue stood at JPY 1.20 billion (USD 8.1 million)....

Australia – Labour hire firm faces court for alleged underpayments

Australia’s Fair Work Ombudsman has launched legal action against a labour-hire company that operated on farms in Far North Queensland, alleging it underpaid visa holders almost AUD 50,000 (USD 31,950).

NQ Powertrain Pty Ltd is facing the court. The Fair Work Ombudsman investigated the company after...

Singapore – Majority of Gen Z workers planning ‘quiet quitting’

More than half of Gen Z (aged 16-25) workers (55%) in Singapore are planning "quiet quitting" their jobs, according to survey research from Indeed Singapore.

In the survey, Singapore workers identify quiet quitting "as 'saying no' to the hustle culture that expects employees to do extra...

Asia Pacific – Persol Asia Pacific acquires Helpster, operator of Workmate

Persol Asia Pacific, a part of the Persol Group, announced that it acquired 100% of the shares of Singapore-based Helpster Pte. Ltd. which operates Workmate, an on-demand staffing platform.

Workmate connects front-line workers in restaurants and call centres with companies in Thailand and Indonesia.

According...

Hong Kong – Most companies found it harder to hire talent in past year (South China Morning Post)

More than half of Hong Kong companies have found it harder to hire talent in the past 12 months than at any point in the last five years, reports the South China Morning Post, citing research from recruitment platform JobsDB, a subsidiary of Australian job board Seek. JobsDB’s Hong Kong managing director...

India – IT’s share in white-collar labour market falls below 50% (Economic Times)

The information technology industry’s share in the white-collar jobs market in India dropped below 50% for the first time in three years in October, as companies remained cautious on recruitment amid rising risk of recession and high inflation in their key markets, reports The Economic Times, citing...

India – Majority of manufacturing employers keen on hiring in Q3 (LiveMint)

The manufacturing sector in India has raised its hiring projections, with 57% of employers looking to hire in the October-December (Q3), reports LiveMint, citing a report by TeamLease Services. When combined with the services industry, the hiring targets have increased from 61% in July-September to 65%...

India – Tech Mahindra revenue up 20.7% in second quarter

Indian IT services firm Tech Mahindra Ltd. reported revenue rose 20.7% year over year to INR 131.30 billion (US$1.61 billion) in its fiscal second quarter ended 30 September. However, gross margin declined on a year-over-year basis.

“We continue to focus on being resilient and agile to ensure long-term...

India – FirstMeridian gets approval from Sebi for IPO

India-based staffing firm FirstMeridian Business Services Ltd has received capital markets regulator Securities and Exchange Board of India's (SEBI) approval to raise up to INR 8 billion (USD 96.7 million) through an initial public offering (IPO).

FirstMeridian’s IPO will consist of a fresh issue of...