Persol invests in logistics fulfilment platform OpenLogi

Japanese staffing firm, Persol Holdings Co., Ltd. announced it has invested in OpenLogi Co., Ltd., a Tokyo-based logistics fulfilment platform.

Persol is developing a logistics fulfilment platform through its Employment Creation Fund, developed by Persol Venture Partners, which invests in mega-ventures...

Hiring at Indian IT companies projected to drop to 20-year low (Times of India)

The number of graduate IT engineers in India who are expected to be recruited for placement by IT companies range between 70,000 to 80,000 by the end of the financial year, marking the lowest recruitment figures in over twenty years reports the Times of India, citing a report by the Economic Times (paywall)...

E-commerce firm Phyz to acquire Japanese staffing firm FindOn

Phyz, a Japan-based company mainly engaged in the electronic commerce (EC) solution service business, announced it will acquire FindOn, a temporary staffing firm based in Tokyo.

The price of the acquisition is JPY 168 million (USD 1.15 million). The agreement was signed on 1 February 2024 and the stock...

NIIT reports revenue falls 8.6% in third quarter

India-based skills & talent development company NIIT announced today revenue from operations of INR 851.75 million (USD 10.2 million) for the third quarter ended 31 December 2023, a fall of 8.6% over the prior year.

Advancer to dispose of stake in Eazable

Singapore-based Advancer Global (43Q:SES), announced that its subsidiary Advancer Global Security entered into a share transfer agreement to dispose of its 45% total equity interest held in Eazable Pte. Ltd.

The group entered into the agreement with Teo Sau Keong, an employee of the group, on 1 February...

Fewer companies in Taiwan to give out year-end bonus (Taiwan News)

While most companies in Taiwan (85%) are willing to distribute year-end bonuses this year, the figure is 3% lower than last year, reports Taiwan News, citing a survey by 1111 Job Bank. The average year-end bonus for office workers is 1.32 months, a marginal decrease of 0.02 months from last year. Among...

Airtasker Q2 revenue edges up 7.8%, reports positive EBITDA

Australia-based B2C talent platform Airtasker yesterday reported revenue increased by 7.8% to AUD 12.2 million (USD 7.9 million) for the second quarter period ended 31 December 2023.

In its quarterly activity report, the group also reported a positive turnaround for EBITDA. Airtasker reported EBITDA of...

SIA announces new president, chief analyst

Staffing Industry Analysts announced the promotion of Ursula Williams to president. Williams will take over from Barry Asin, who will move into the role of chief analyst. This restructuring aims for greater alignment of responsibilities as well as enhanced positioning for SIA’s future plans.

Williams...

Half of Hong Kong employees plan to change jobs in 2024

Slightly more than half of Hong Kong employees (51%) are contemplating changing jobs in 2024, according to a study by recruitment firm Hudson.

The top three reasons driving employees in Hong Kong to consider job changes are: salary; job security; and hybrid working arrangements.

When it comes to the labour...

China’s white-collar workers saw salaries dip in 2023 (Bloomberg)

Nearly a third of Chinese office workers reported falling salaries last year, the highest share in at least six years, underscoring persistent deflationary pressures in the world’s second-largest economy, reports Bloomberg (paywall). About 32% of white-collar workers in China surveyed by the online...