Asia Pacific – Demand for Southeast Asia tech talent on the rise in Hong Kong

Demand from employers in Hong Kong for skilled Southeast Asia tech talent is expected to rise amid a talent shortage and brain drain in the tech sector, according to research from Glints.

The forecast comes as the Hong Kong government recently announced its plan to ‘trawl for talent’ globally to attract...

New Zealand – Average advertised salaries up 4.4% in February quarter: Seek

Advertised salaries across New Zealand grew by 4.4% in the three months ended February 2023 when compared to the same period last year. This growth second-fastest growth recorded in the data set beginning 2016, according to job board Seek.

Quarter-on-quarter growth of 0.9% has been broadly consistent...

World – Economic outlook slightly more optimistic but fragile: OECD

The OECD (Organisation for Economic Co-operation and Development)’s latest Interim Economic Outlook projects global growth to reach 2.6% in 2023 and 2.9% in 2024. The OECD cites improved business and consumer confidence, declining food and energy prices and the re-opening of the Chinese economy.

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India – Shortage of cybersecurity professionals triggers fight for talent (Economic Times)

The gap between demand and supply for cybersecurity professionals in India is at nearly 30% with approximately 20,000 and 25,000 unfilled positions in cyber security profiles, reports The Economic Times, citing staffing firms including Randstad India, NLB Services and TeamLease. The number of unfulfilled...

Japan – S-Pool first quarter revenue down 6.6% as HR Solutions segment reports decrease

S-Pool Inc. (2471:TYO), a Tokyo-based staffing provider reported revenue today of JPY 6.08 billion (USD 45.8 million), down 6.6% year over year in the three months ended 28 February, the first quarter of its fiscal year.

The group said revenue and profits decreased due to a drop in demand in the Human...

Australia – Seek downgrades FY 2023 revenue forecast due to moderation of job ads

Seek, the Australian job board, published a brief trading update and revision to revenue guidance today.

The group said that based on its trading momentum for the third quarter, revenue for the full year may be slightly lower than assumed in its previous guidance (approximately AUD 15 million (USD 10.1...

India – BFSI job vacancies reach record highs in March as non-metro cities boost growth in vacancies

Job vacancies in the BFSI (banking, financial services and insurance) sector in India broke all records as the Naukri Jobspeak Index for Banking/Finance/Broking reached an all-time high of 4,555 in March 2023 compared to 3,138 in March 2022, a year-on-year increase of 45%.

The 45% growth was fuelled by...

World – 36,000 jobs could be slashed from merger of Credit Suisse and UBS (Economic Times)

As much as 36,000 jobs could be cut worldwide as a result of the merger of financial institutions Credit Suisse and UBS, which was hastily arranged by the Swiss government to prevent a global financial collapse, the Economic Times reports, citing newspaper SonntagsZeitung. The Swiss government feared...

China – Tongdao Liepin Group fourth quarter revenue falls 18.9%

Tongdao Liepin Group, previously known as Wise Talent Technology Services Co (6100:HKG), the operator of Chinese job board Liepin.com, reported revenue on Friday of RMB 624.8 million (USD 90.7 million) for the three months ended 31 December 2022, a decrease of 18.9% when compared to the previous year....

China – Renrui HR full year revenue down 23.2% as profits fall

Renrui Human Resources Technology (6919: HKG), a China-based flexible staffing services provider announced its results last week for the year ended 31 December 2022. Total revenue of the group amounted to approximately RMB 3.63 billion (USD 528.1 million), a year-on-year fall of 23.2%. ...