Informal employees in India willing to trade-off higher salary for social security and healthcare benefits, study finds (The Economic Times)

The majority of informal employees (93%) in India claim that if an employer offered them a job with health benefits and formal agreement as opposed to a higher salary without a contract they would take it, reports The Economic Times, citing a study by staffing firm Quess Corp. The study showed that 97%...

South Korea to lift minimum wage by 2.5% in 2024, smallest in three years (Reuters)

South Korea announced it will raise the minimum wage by a three-year low of 2.5% in 2024 amid slowing growth and high inflation, reports Reuters, citing the country’s Minimum Wage Commission. The minimum hourly wage will be raised to KRW 9,860 (USD 7.78) next year, up from KRW 9,620 (USD 7.59) this...

Career Bank full year revenue rises 7.7% with profits growth

Japanese staffing firm Career Bank (4834: JP) reported revenue today for the full year ended 31 May 2023 of JPY 7.96 billion (USD 57.6 million), an increase of 7.7% compared to last year.

Last week Career Bank raised its full year forecasted revenue and profits amid increased temporary staffing activity....

Number of temporary workers in South Korea drops 2.8% in June

The number of temporary workers in South Korea declined by 2.8% year over year to approximately 4.68 million in June 2023, according to data released by Statistics Korea.

When compared to the previous month, the number of temporary workers fell slightly by 0.02% in June 2023. The temporary employment...

Hong Kong unemployment rate falls to 2.9% in June quarter as labour market improves alongside economy

Hong Kong’s seasonally adjusted unemployment rate in stood at 2.9% in the period from April to June 2023, down from 4.7% during the same period a year ago, according to the latest labour force statistics published by the Census and Statistics Department.

When compared to the previous three-month period,...

Majority of South Korean firms show support for foreign labour amid shortages (The Korea Herald)

Nearly half of firms (46.8%) support further expansion of the country’s existing foreign labour quota, reports The Korea Herald, citing survey research from the Korea Chamber of Commerce and Industry. The research also showed that 43.2% of respondents supported maintaining the existing foreign labour...

China's urban unemployment rate down slightly in Q2, June’s youth unemployment rate hits record high

China's employment has remained largely stable in the first half of 2023, with the average surveyed urban unemployment rate dropping down 0.2% from the first quarter to 5.3%, according to data from the National Bureau of Statistics (NBS) published in China News Service.

The data also showed that the unemployment...

Online hiring in India dips 3% in June, but monthly growth shows positive hiring sentiments among employers

Online recruitment in India reported a 3% dip in June 2023 compared to June 2022, according to the latest foundit Insights Tracker.

The Tracker fell to 270 in June 2023 from 279 in June 2022.

Month-on-month, the Tracker registered a 2% increase in June.

While year-on-year figures fell 3%, foundit said there...

Job ads fall 10% across Australia in June amid tight labour market conditions

Job advertisements in Australia fell by 10.0% year-on-year in June 2023 on a seasonally adjusted basis, according to ANZ-Indeed Job Ads data published on ANZ Bank.

The 10.0% decline is a further fall from the 6.1% annual decline seen in May 2023.

On a month-on-month basis, the number of job ads fell by...

Nearly 60 Singaporeans fell victim to Malaysia-based job scam syndicate (Channel News Asia)

Nearly 60 Singaporeans fell victim to a job scam syndicate that was busted in Malaysia last month, Channel News Asia reports, citing a statement last week from the state of Johor's police chief. He added that four Singaporeans, three men and a woman, were arrested at a house in the Johor neighbourhood...