India – Supreme Court rules nearly 12,000 temp workers from Life Insurance Corporation will receive compensation, but no jobs (Times of India)

The Times of India reports that ahead of its INR 210 billion (USD 2.74 billion) IPO, India-based LIC (Life Insurance Corporation) was ‘rescued’ by the Supreme Court from having to take a financial hit by resolving a 40-year-old issue on the absorption of 12,000 temporary employees by ruling that...

Japan – Quick Co full year revenue up 21.8% while profits climb

Quick Co. Ltd (4318: JP), a Japanese staffing firm, reported revenue today for the full year ended 31 March 2022 of JPY 23.59 billion (USD 180.6 million), an increase of 21.8% compared to the previous year.

Australia – Ignite third quarter revenue up 1%, gross profit rises 10%

Australian recruitment firm Ignite (IGN:ASX) reported revenue increased by 1% in the third quarter ended 31 March 2022 to AUD 27.8 million (USD 19.7 million).

The company’s business operations continued to be impacted by Covid-19 to different degrees during the quarter, with varying public health orders...

Australia – HireMii third quarter revenue growth boosted by Inverse Group acquisition

Hiremii, an Australia-based staffing platform for temporary and permanent hiring, provided an update for the third quarter ended 31 March 2022. Revenue jumped 93% over the previous year to AUD 3.36 million (USD 2.38 million). Compared to the previous quarter, revenue growth stood at 32%.

Revenue growth...

India – Wipro acquiring US-based SAP consulting firm in USD 540 million deal

India-based IT services giant Wipro Ltd. (NYSE: WIT) is acquiring Rizing Intermediate Holdings Inc., a global SAP consulting firm headquartered in the US, for USD 540 million in cash. The deal is expected to close before the end of this quarter. Regulatory approval is still required.

“Rizing’s complementary...

Asia Pacific – Most companies fill workforce gaps with contingent employees: PersolKelly

More than half, or 58%, of companies in Asia Pacific look to hire contingent workforce employees to help with headcount shortages, according to a report from PersolKelly.

The highest adoption of a contingent workforce was reported by companies in Indonesia (67%), Hong Kong (66%), Malaysia (64%) and Singapore...

Australia – Freelancer first quarter cash receipts hit by Russian trade restrictions

Freelancer Ltd. (ASX: FLN), which operates the Freelancer.com staffing platform, reported today its group net cash receipts for the first quarter stood at AUD 15.2 million (USD 10.8 million), down 2.1% over the year.

Cash receipts for the Freelancer.com online staffing marketplace totalled 12.3 million,...

China – 51job shareholders approve revised, lower value merger agreement with Garnet Faith

China-based job board and HR resource services provider 51job Inc. announced that its shareholders voted in favour of, among other things, the proposal to authorize and approve the previously announced amended merger agreement between 51job and Garnet Faith Limited.

The group originally announced its...

Japan – Number of temporary agency workers climbs 3.6% in March, unemployment rate improves to 2.6%

Japan’s non-regular employees, which includes temporary workers, dispatch workers, contractors, part-time workers and others, totalled 20.78 million in March 2022, up 0.7% when compared to the same period a year ago, according to data from Statistics Japan.

The number of ‘dispatched workers from temporary...

China – Record high 10.7 million graduates diversify choices amid employment difficulty (The Global Times)

China’s graduates of 2022 face multiple employment pressures, and job-hunting is even more difficult than in 2020 at the early stage of the pandemic, reports The Global Times, citing China's Ministry of Education. Some 10.76 million students are about to leave campus this summer, an increase of 1.67...