Tongdao Liepin Group Q2 revenue slips as profits decline

Tongdao Liepin Group, previously known as Wise Talent Technology Services Co (6100:HKG), the operator of Chinese job board Liepin.com, reported revenue yesterday of RMB 589.8 million (USD 80.9 million) for the three months ended 30 June 2023, a decrease of 18.4% when compared to the previous year.

PeopleIn full year revenue soars 74% on the back of acquisitions and staffing demand

Australia-based staffing firm PeopleIn reported revenue today for the full year ended 30 June 2023 of AUD 1.18 billion (USD 761.5 million), an increase of 73.9% compared to the same period a year ago.

This included an organic growth contribution of 25.6% to revenue and 8.3% to normalised EBITDA.

PeopleIn...

Employment agency sales director convicted for fraudulently obtaining work permit for migrant vice worker

A Singaporean man and key appointment holder for employment agency C1EA Pte. Ltd. was convicted today for engaging in a conspiracy to make a false declaration in the work pass application for a foreign employee.

According to the Ministry of Manpower, there was also another charge against the man, Lee...

Most HR workers across Singapore, Malaysia and Brunei satisfied with their jobs, but burnout remains a risk

More than half of HR professionals in Singapore, Malaysia and Brunei (54%) are satisfied with their jobs, according to a study by the Chartered Institute of Personnel and Development.  

However, the study pointed out that burnout from being at the frontline in helping their organisations deal...

Japan temporary workers’ wages edge upward in July

The average hourly wage in July 2023 for temporary workers across three Japanese major metropolitan areas (Kanto, Tokai and Kansai) stood at JPY 1,570 (USD 10.80), up JPY 23 (USD 0.16) from the previous year and up JPY 7 (USD 0.048) from the previous month, according to data from Dip Corp. (2379:TYO),...

South Korea unemployment rate improves to 2.7% in July as employment ticks up 0.7%

South Korea’s unemployment rate stood at 2.7% in July, down 0.2% year-on-year according to labour market data from Statistics Korea.

The number of unemployed persons totalled 807,000 people in July, which decreased 30,000 persons or 3.5% year-on-year.

Meanwhile, the number of employed persons totalled...

South Korean firms to reduce H2 hiring by 35% amid economic slowdown (Pulse News)

South Korea’s job market is poised to maintain its challenging nature through the latter half of this year with recruitment expected to fall 35% when compared to H1, reports Pulse News citing research from JobKorea. As the economy grapples with deceleration and the possibility of an economic crisis...

New Zealand government probes exploitation of workers from India and Bangladesh (Times of India)

The New Zealand government has launched a comprehensive probe into the alleged case of exploitation of 115 Indian and Bangladeshi nationals who arrived in the country with the promise of employment that did not materialise, reports The Times of India.

These individuals were accommodated in properties...

Ignite full year revenue down 6.7% as profits hit by lower contributions from permanent placements and managed services

Australian recruitment firm Ignite (IGN:ASX) published its preliminary final report yesterday after markets closed reporting revenue fell by 6.7% for the year ended 30 June 2023 to AUD 106.6 million (USD 80.6 million).

Gross profit decreased by 8.7% increased to AUD 12.2 million (USD 9.8 million) while...

Mynavi invests in Singapore recruitment start-up PB Incubations

Tokyo-based Mynavi announced it has invested in Singapore-based PB Incubations (also known as Penbrothers), a start-up offering recruitment services and cross-border managed services.

The investment amount was not disclosed.

In addition to employment agency services, Penbrothers provides comprehensive...