India – TeamLease Services Q3 revenue rises 38% with growth across the board

TeamLease Services Ltd (TEAMLEASE:NSI) reported revenue from operations of INR 17.62 billion (USD 235.5 million) for the third quarter ended 31 December 2021, an increase of 38.1% compared to the same period last year.

World – OECD employment rate rises to 68% in Q3

The employment rate in the OECD (Organisation for Economic Co-operation and Development) area, which is the percentage share of the working-age population with jobs, rose to 68.0% in the third quarter of 2021, from 67.4% in the second quarter.

The rise in the OECD area employment rate occurred alongside...

Taiwan – Jobless rate declines slightly to 3.64% in December

Taiwan’s unemployment rate declined by 0.04% in December 2021 to 3.64% when compared to the same period last year, according to the latest manpower survey results from Directorate General Budget, Accounting and Statistics.

The fall was the sixth straight decline in the unemployment rate.

When compared...

China – Record number of graduates faced with grim employment prospects (The Korea Times)

The number of jobs available per applicant among fresh university graduates in China fell to 0.88 in the fourth quarter of 2021, reports The Korea Times, citing survey data by the China Institute for Employment Research (CIER) at Renmin University of China and job board Zhaopin. The 0.88 figure was slightly...

India – HCL Technologies acquires Starschema

HCL Technologies Ltd. (HCLTECH:NSI), a global IT services firm based in Noida, India, announced that it signed a definitive agreement for the acquisition of Starschema, a provider of data engineering services, based in Hungary.

According to HCL, the strategic acquisition will bolster the company’s capability...

Singapore – Over half of employees overworked since onset of Covid-19 pandemic: Indeed

More than half of employees in Singapore have found themselves overworking since the start of Covid-19 two years ago, according to the Future of Work research study carried out by Indeed.

The report found that 51% of employees surveyed said they have been working additional hours since the pandemic started....

Singapore – Middle managers work longer hours than their supervisors and junior staff (The Straits Times)

Employees in middle management, who still report to their supervisors and supervise rank-and-file workers, are shouldering a heavier workload amid the Covid-19 pandemic, reports The Straits Times (paywall). In a survey commissioned by The Straits Times, 61% of middle managers polled said they have been...

India – Karnataka state’s law to govern staffing firms (The Economic Times)

The Indian state of Karnataka’s government is working on a law to get staffing firms to honour promised wages to their workers and comply with other statutory requirements including provident fund and employee state insurance subscriptions, reports The Economic Times. Labour minister Shivaram Hebbar...

Australia – LiveHire second quarter cash receipts up 30%, direct sourcing revenue surges

LiveHire (LVH:ASX), an Australia-based direct sourcing platform published its second-quarter activities report.

The group reported direct sourcing revenue rose by 124% year on year to AUD 543,439 (USD 391,094) in its fiscal second quarter ended 31 December 2021 from AUD 242,116 (USD 174,242) in the year-ago...

India – Majority of multinational corporations have LGBTQ+ inclusion goals, Randstad finds

More than half, or 60% of multinational corporation (MNC) leaders in India are LGBTQ+ immersive in terms of inclusion goals in their leadership, according to a study from Randstad India.

The study noted that only 9.5% of the surveyed organisations have made ‘extremely significant’ efforts to be LGBTQ+...