India – TeamLease Q1 revenue up 21%, announces new board level appointments

TeamLease Services Limited reported INR 13.76 billion (USD 185.3 million) in revenue from operations net of taxes in its fiscal first quarter ending 30 June 2021, up 21% when compared to the same period last year.

General Staffing also reported growth of 21% while Specialised Staffing revenue was up 13.3%....

Malaysia – Most businesses include contractor talent in their headcount

More companies in Malaysia are turning to contracting professionals to manage or work on new projects. Over half, or 58%, of organisations say they use contractors for project implementation and digital transformation all of which were accelerated due to Covid-19 and the need to facilitate remote working,...

Malaysia – Number of unemployed graduates rose to 4.4% in 2020

The number of graduates in Malaysia in 2020 was 5.36 million persons, increased by 4.4% from 2019 (5.13 million persons), according to data from Statistics Malaysia.

Meanwhile, the graduate unemployment rate spiked to 4.4%.

The number of graduates in the labour force including employed and unemployed,...

India – Economic recovery pushes hiring intent to 15-month high (The Economic Times)

Over a third, or 38% of companies in India intend to hire in the July to September quarter, up from 34% in the April-June quarter and the highest level in the past 15 months, reports The Economic Times, citing survey data from TeamLease. The survey of 700 small, medium and large companies across 21 sectors,...

Australia – Freelancer H1 revenue down

Australia-based Freelancer (FLN: ASX) reported net revenue for the six months ending 30 June 2021 of AUD 27.8 million (USD 20.4 million), down 5.7% compared to the same period last year.

Asia – White-collar recruitment market shows rapid recovery in Q2

The recruitment market is mounting a rapid recovery across Asia in the second quarter of 2021 amid pent-up demand in wake of restrained hiring due to Covid-19, according to the latest white-collar recruitment market report from JAC Recruitment.

In Singapore, the number of job listings increased by 67%...

Singapore – Ministry of Manpower forms Committee on workplace fairness

Singapore’s Ministry of Manpower, along with its tripartite partners the National Trades Union Congress and the Singapore National Employers Federation, have formed a Tripartite Committee on Workplace Fairness to review the framework for workplace fairness in Singapore.

Over the years, the tripartite...

Philippines – Asian Development Bank loans government USD 400 million to boost youth unemployment (PhilStar)

The Asian Development Bank extended a USD 400-million loan to the Philippine government to bolster youth employment amid the pandemic, reports PhilStar. In a statement yesterday, the lender said the credit line is under its Facilitating Youth School-to-Work Transition Program, Subprogram 3, which continues...

India – IT services firms ramping up hiring of new grads (Hindustan Times)

IT services firms in India are increasing their hiring of new grads, or freshers, as a way to improve profit margin and they are looking to train them, the Hindustan Times reported. “Training freshers is a cost-effective solution for companies compared to laterals,” said Siva Prasad Nanduri, business...

Australia – LiveHire reports Q4 direct-hire revenue up 73% sequentially, names advisory board

LiveHire (LVH:ASX), an Australia-based direct-sourcing platform provider, announced last week that direct-hire revenue jumped 73% in its fiscal fourth quarter ended 30 June  when compared to the third. The company reported sequential revenue growth was driven by a spike in Covid-19 hiring,...