Gakujo full year revenue rises 29.7% as profits climb

Gakujo Co. Ltd. (2301:TYO), an Osaka, Japan-based firm focused on matching students and younger workers to jobs, reported today sales rose 29.7% in its fiscal full year ended 31 October 2023.

Majority of employers in Vietnam plan to recruit more staff in 2024 amid volatile market

Despite recent fluctuations in the recruitment market, 59.1% of businesses across Vietnam plan to recruit more staff, according to a report from Navigos.

The research showed that 59.1% of businesses participating in the survey responded that they would recruit less than 25% of personnel in the next...

OECD unemployment rate broadly stable at 4.9% in October

The OECD (Organisation for Economic Co-operation and Development) unemployment rate was broadly stable at an estimated 4.85% in October 2023, compared to September’s estimated rate of 4.82%.

The rate has remained below 5.0% since July 2022, the OECD noted.

Overall, the unemployment rate rose in 14 OECD...

India’s hiring sentiment upbeat in the half year to March 2024 (Financial Express)

Most employers across India (79%) plan to maintain or increase their workforce in October-March period of FY 2024, reports the Financial Express, citing research from staffing firm TeamLease. The research surveyed 1,820 companies across 14 cities. Industries such as healthcare and pharmaceuticals, electric...

Outsourcing Inc. announces Bain-backed management buyout following fraud investigations

Troubled staffing firm, Outsourcing Inc., will go private in a deal announced today. The Tokyo-based firm presently ranks as the 10^th-largest staffing provider in the world and currently trades on the Tokyo Stock Exchange. The transaction is styled as a management buyout with the backing of...

Horticulture provider hit with highest labour hire breach penalty in Australian history

A horticulture provider in Australia has been issued a total penalty of AUD 617,916 (USD 407,416), the highest in Australian history for breaches of labour hire law, following a Labour Hire Authority prosecution in the Supreme Court of Victoria.

A L Star Express Pty Ltd was found to have knowingly contravened...

Pay ranges for Hong Kong professionals to remain static in 2024 as recruitment market slowly recovers

The average salary range of professionals in Hong Kong are projected to remain relatively stagnant throughout 2024, as businesses play catch-up to inflation and rising business costs, according to research from Robert Walters Hong Kong.

Across industries, salary adjustments for most functions are 1%,...

Australia’s Senate passes key parts of its Closing Loopholes Bill including labour hire reforms

Key parts of Australia’s Fair Work Legislation Amendment (Closing Loopholes) Bill 2023 passed the Senate on 7 December 2023.

Australia’s labour government announced the reforms earlier this year. The reforms include the ‘same job, same pay’ rules to crack down on the use of labour-hire firms,...

India’s employees bullish about the potential of AI for their career

More than half of employees across India (51%) think that AI will help them increase their productivity/efficiency at work, according to a study by PwC.

The study also found that 47% of employees think that AI will create opportunities for them to learn valuable new skills while 37% think that AI will...

Dai-ichi Life offers to acquire Pasona’s welfare service unit (Jiji Press)

Japanese life insurance firm Dai-ichi Life Holdings Inc. said it has offered to acquire Benefit One Inc., a welfare service unit of Pasona Group Inc., in a deal estimated at some JPY 290 billion (USD 1.98 billion), reports Jiji Press. The Japanese life insurer will launch a tender offer as early as mid-January...