AD1 Holdings Q4 cash receipts show improvement following cost reduction strategy

Australia-based AD1 Holdings (AD1:AU), announced a business update for the fourth quarter and full year ended June 2022, reporting group unaudited total revenue of approximately AUD 7 million (USD 4.7 million) for the year.

The group’s Art of Mentoring (AoM) division reported revenue increased 34% year-on-year....

Saramin enters part-time job matching market with acquisition of South-Korea based Lara Job

South Korean job board Saramin, previously known as Saramin HR, announced it has entered the part-time job matching business with the acquisition of Lara Job, based in Seoul.

Lara Job, operates part-time job matching platform 'Neighbourhood Alba'. 

At its board meeting held on the 25th, Saramin approved...

Taiwan’s seasonally adjusted jobless rate improves to 3.45% in June

Taiwan’s seasonally adjusted unemployment rate in Taiwan fell to 3.45% in June 2023, down from 3.73% in June 2022, according to data from the Directorate General of Budget Accounting and Statistics (DGBAS).

On a monthly basis, the seasonally adjusted unemployment rate declined by 0.05% to 3.45%.

When...

Freelancer H1 revenue falls 7.3% with declines in online marketplace and Escrow businesses

Australia-based Freelancer (FLN: ASX) reported net revenue for the six months ending 30 June 2023 of AUD 27.1 million (USD 18.3 million), down 7.3% compared to last year.

Revenue in the Freelancer (online marketplace segment) and Escrow (online payment services segment) operations declined.

The group also...

Ignite Q2 revenue falls 9% as gross profit declines 23%

Australian recruitment firm Ignite (IGN:ASX) reported revenue fell 9% in the second quarter ended 30 June 2023 to AUD 25.90 million (USD 17.5 million).

The group's unaudited Quarterly Activity Report said Q2 revenue fell due to previously moving away from high volume, low margin assignments.

Ignite also...

New Zealand job ads tumble 21% in June amid economic recession

Job ads across New Zealand fell by 21% in June 2023 compared to June 2022, according to the latest research by Seek New Zealand.

New Zealand's economy fell into a recession in June after the country's central bank hiked interest rates to a 14-year high.

Seeks' data also found that Gisborne and Marlborough...

Proposed Australian reforms aim to give casual workers pathway to permanent work

Australia’s labour government announced that as part of its next set of workplace reforms, it will ensure that eligible casual workers who want to become permanent workers can do so.

As part of the reforms, the government said it would legislate a fair, objective definition to determine when an employee...

‘AI can’t replace creativity yet’ Freelancer.com CEO says

Matt Barrie, Chief Executive Officer and founder of Australia-based Freelancer.com said ‘AI can’t replace creativity yet’. 

It comes as Freelancer.com published new figures revealing a surge in freelance creative writing jobs, growth in business marketing activities, and an increase in on-site...

Vietnamese hiring demand falls in H1 and set to continue facing difficulties, Adecco finds

Despite expectations to recover, the labour and employment market in Vietnam in the first six months of 2023 did not see much improvement. As recorded by Adecco Vietnam, the overall hiring demand decreased by more than 30% compared to the same period last year when the economy resumed after the impact...

New Chinese regulation focuses on reigning in HR and employment agencies (China Daily)

China recently released its first regulation on the management of human resources agencies to tighten supervision of their operations and secure a safer job market for the public, reports China Daily, citing the Ministry of Human Resources and Social Security. The regulation applies to human resources...