Hong Kong – Renrui HR expects revenue to rise 20-30% and return to profit for FY 2020

Renrui Human Resources Technology (6919: HKG), a mainland China-based flexible staffing provider issued an update today for the financial year ended 31 December 2020.

Based on the management’s estimate of information currently available to the Board, the group expects to record an increase in revenue...

Singapore – Nearly half of employers plan to increase headcount: Michael Page

While hiring activities dipped 35% in 2020 during the Covid-19 pandemic, 40% of employers in Singapore cited their plans to increase headcount numbers this year, according to a report from Michael Page Singapore.

The report indictates that Singapore’s labour market is on an optimistic recovery path....

Malaysia – Professionals say remote working options had become more important to them after the pandemic

Flexible working options have remained a consistent top priority for job seekers in Malaysia amid the pandemic, according to a report from Hays.

The report found that on the subject of flexibility, 85% of respondents in Malaysia said that remote working options had become more important to them after...

Hong Kong – Unemployment rate reaches 16-year high as Hong Kong struggles with fourth wave of Covid-19

Hong Kong’s seasonally adjusted unemployment rate jumped to 6.6% in the period from October - December 2020 period from 3.3% during the same period last year, according to the latest labour force statistics by the Census and Statistics Department.

The 6.6% jobless rate is the highest in 16 years....

Japan – Outsourcing acquires blue-collar manufacturing dispatching firm S.S. Sangyo

Outsourcing Inc. (2427:TYO), the third-largest staffing firm in Japan, announced that it has acquired S.S. Sangyo Co. Ltd, a Japanese firm involved in the worker dispatch business, outsourced contracting business and paid job placements.

The effective date of the transaction is 1 February 2021 and the...

Japan – Nisso Corporation upgrades full year forecasts due to quicker than expected recovery

Nisso Corporation (6569: TYO), a Japanese human resources firm providing staffing services, announced that it has revised its full year forecasts.

The group forecasted revenue for the full year ended 31 March 2021 of JPY 68 billion (USD 653.74 million), an increase from the previously forecasted JPY 67...

Singapore – Advancer Global invests in Eazable

Advancer Global (43Q:SES), an integrated services provider offering workforce solutions and services in Singapore, announced that its subsidiary Advancer Global Security invested in Eazable, a Singapore-based company involved in the development of e-commerce applications.

Advancer Global Security acquired...

Singapore – Employees feel companies not doing enough to upskill or reskill them

Despite more than half, or 52%, of employers in Singapore reporting insufficient employees with the right skill sets to achieve current business goals, not enough is being done to upskill or reskill employees, according to findings from a report by NTUC LearningHub.

The report showed that 32% of employees...

India – Indian Staffing Federation calls on government to lower GST for staffing firms (Economic Times)

The Indian Staffing Federation has asked the government to lower goods and services tax on staffing companies from the current 18% to 5% besides seeking separate industry status for the sector to help them avail certain special privileges, reports the Economic Times. “Staffing companies generate employment...

World – Employers anticipate hiring more contract professionals in 2021, survey finds

Nearly a third, or 28%, of employers worldwide anticipate hiring more contract professionals in 2021, according to a survey from recruitment firm Morgan McKinley.

The ‘2021 World of Work’ survey found that 27% of employees see themselves making the shift from a permanent job to more flexible...