India – Job growth in IT sector down by 25% (Business Standard)

Job growth in India’s IT sector has fallen by 25%, according to data from Naukri.com and reported by the Business Standard. Hiring intent fell across both IT giants and unicorns, though trends at startups remains stable as compared to last year. Hiring of new workers is seeing the biggest slump.

Singapore – Employment rises by 254,000 year over year

Singapore ended 2022 with employment up by 254,000 year over year to nearly 3.90 million, according to the Singapore Ministry of Manpower.

Employment rose by 52,000 jobs in the fourth quarter following increases of 83,400 in the third, 71,100 in the second and 47,400 in the first.

Singapore’s unemployment...

Australia – Ashley Services Group to acquire provider of seasonal workers

Ashley Services Group Ltd. (ASH:ASX), a labour hire firm based in Sydney, Australia, agreed to acquire Owen Pacific Workforce Pty. Ltd., a provider of seasonal workers to the Australian horticultural industry. Owen Pacific’s workers are predominantly sourced from Tonga and Vanuatu.

The acquisition price...

World – Cognizant Q4 revenue up 4.1%, revenue rises across industry verticals except financial services

Global IT services giant Cognizant Technology Solutions Corp. on Thursday reported fourth-quarter revenue rose 4.1% USD 4.84 billion.

Among geographies served, Cognizant reported the fastest growth in the UK where fourth-quarter revenue was up 15.6% in constant currency. In Continental Europe, revenue...

Japan – Number of dispatch workers rises by 0.7% in December

The number of “dispatched workers from temporary labour agencies” in Japan rose by 0.7% year over year in December to a total of more than 1.5 million, according to data from the Statistics Bureau of Japan.

Looking at all “nonregular” employees in Japan — which includes temporary, dispatch workers,...

Australia – Go2 People says cash receipts up 17%; reports on MechTech acquistion

The Go2 People Ltd. (GO2:ASX), a Perth, Australia-based provider of recruitment and training services, on Monday said cash receipts rose 17% to AUD 22.6 million in the quarter ended 31 December, according to a regulatory filing. The company also reported on its acquisition of MechTech Australia.

In terms...

New Zealand – Jobless rate edges up to 3.4% in December quarter

New Zealand’s unemployment rate edged up to 3.4% in the December 2022 quarter from 3.3% in the September quarter on a seasonally adjusted basis, though it still remains near historic lows, according to Stats NZ. In addition, average weekly earnings jumped in the during the December quarter.

“The unemployment...

Japan – Companies stepping up to fight labor crunch, inflation (Reuters)

Japanese firms are increasing efforts to fight the labor crunch and help workers deal with inflation, Reuters reported. There is growing momentum from labor and management to offer pay hikes to cushion, if not beat, inflation. About a quarter of Japanese firms have offered inflation allowances or plan...

Australia – Salary index up 4.7% over year in December, but monthly increase is small

Seek’s Advertised Salary Index for Australia rose 4.7% year over year in December, the job board operator announced Tuesday. However, the salary index rose just 0.3% in December when compared to November with month-over-month growth the slowest since the early part of the year.

“The month-on-month...

World – Tech roundup: AI product will write job ads; searches for AI-related services soar 1,400%

A new AI tool that will generate job ads automatically is described as being one of the first on the market. Separately, one talent platform reports search for AI-related services have soared.

Hiremii Ltd.

Hiremii Ltd. (HMI:ASX), a Perth, Australia-based firm, announced an artificial intelligence-powered...