Malaysia – Manforce Group Berhad announces revenue up 4%

Manforce Group Berhad (MFGROUP:KLS), a provider of foreign worker management and manual labour services in Malaysia, reported on 29 November that revenue rose 3.9% in its fiscal year ended 30 September. Gross margin at the Petaling Jaya, Malaysia-based company increased.

“Due to the spike in Covid-19...

World – Work from anywhere, not just home; Covid is a catalyst for remote work: Hays

Covid-19 is bringing long-term changes to the global labour market, according to a report by global staffing provider Hays plc. Covid-19 has been a catalyst for remote work. Right now, businesses must find the optimal mix of remote work, and bear in mind that workers are now interested in working from...

India – Workers in India have the strongest preference for full-time remote work (Mint)

Workers in India have the strongest preference for full-time remote work, Mint reported, citing data from software firm Atlassian. The data shows that 57% of workers in India have the strongest preference for remote work compared with the global average of 37%. In addition to India, the study included...

India – Infosys won’t replace COO when he retires (The Economic Times)

IT services firm Infosys (INFY:NSI) won’t replace Chief Operating Officer Pravin Rao when he retires later this month, The Economic Times reported. Instead, Infosys will distribute his responsibilities to Ravi Kumar and Mohit Joshi, CFO Nilanjan Roy, executive vice presidents and some senior vice presidents....

Japan – Gig Works revenue rises 7% in full fiscal year, gross margin narrows

Gig Works Inc. (2375:TYO), which ranks as the 32^nd-largest staffing firm in Japan according to SIA research, announced Tuesday that sales rose 7.1% in its fiscal year ended 31 October 2021.

Gross margin narrowed while net income declined.

The Tokyo-based company provides on-demand staffing of engineers,...

India – IT consulting and gig economy deals announced

Tech Mahindra Ltd.

Tech Mahindra Ltd., a Pune, India-based global IT services provider, is acquiring Activus Connect LLC and Activus Connect PR LLC, IT companies based in Orlando, Florida. The companies to be acquired have more than 1,750 employees. They posted revenue of USD 17 million in 2020 and project...

World – Nearly half of workers considering leaving the energy industry within the next five years

Nearly half, or 43%, of workers worldwide are considering leaving the energy industry within the next five years, according to a survey from Brunel and Oilandgasjobsearch.com.

The survey of nearly 17,000 global energy-industry companies, recruiters and workers, found that the top reasons cited when considering...

Hong Kong – Most employers worried about employee retention

Most, or 90%, of employers in Hong Kong are concerned about employee retention when market conditions improve, according to research from Robert Walters Hong Kong.

The research also found that 85% of employers are also concerned about the shortage in talent and skills, in particular within senior and...

Asia Pacific – Business interruptions and cyberattacks identified as top risks for companies

Business interruption and cyberattacks are top concerns in the Asia Pacific region, according to a study from Aon.

Aon’s Global Risk Management Survey gathers input from thousands of risk managers every two years to identify key risks and challenges their organisations are facing. Other key concerns...

Philippines – Jobless rate improves to 7.4% in October

The unemployment rate in the Philippines in October 2021 stood at 7.4%, down from 8.9% the previous month and from 8.7% in October 2020, according to data from the Philippine Statistics Authority.

The unemployment rate in the Philippines in October 2021 was the third lowest reported in 2021. The lowest...