Asia Pacific – Top five employee benefits challenges companies face, according to Aon

Employers are struggling to meet the rising cost of benefit plans as a result of the changing landscape in the workplace, according to a report from Aon.

The 2022 Asia Pacific Benefit Trends Report surveyed over 500 responses from a range of employers with less than 1,000 employees to more than 10,000...

India – HR expects roll out of labour codes, focus on formal job creation in Budget 2023, according to Randstad (Outlook India)

The Indian HR industry anticipates various measures from the upcoming Budget 2023, that will be beneficial for employees, the employment process, for job development and will address the skill-gap challenge in the country, reports Outlook India, citing Randstad India. According to Randstad, the broad...

India – IT and startup sectors may lay off up to 20,000 staff (Hindustan Times)

India’s IT and startup sectors may lay off 15,000 to 20,000 employees in the next six months, battling slowing demand after the hiring frenzy of the last two years inflated salary costs, reports LiveMint citing research from Quess Corp. Recruitment consultants expect fewer hiring mandates in the months...

Japan – Average hourly wage goes up for temporary and part-time workers

The hourly rate reached record highs in three major metropolitan areas in Japan for part-time and temporary workers, according to data from the Jobs Research Center at Recruit Jobs, part of Japanese staffing giant Recruit Holdings.

For temporary workers, the average hourly wage increased by JPY 31 year-over-year...

World – OECD unemployment steady at a record low 4.9% in November

The unemployment rate in the OECD (Organisation for Economic Co-operation and Development) stood at 4.9% in November 2022, the fifth consecutive month at this record low rate since the start of the series in 2001.

The OECD unemployment rate decreased slightly to 5.1% for women, while it was stable at...

Australia – Employees to get 10 days of paid family and domestic violence leave

Employees in Australia will soon be getting 10 days of paid family and domestic violence leave in a 12-month period, the Australian Government’s Fair Work Ombudsman announced.

The new leave policy will take effect on 1 February 2023 for employees of businesses with 15 or more staff, and on 1 August...

People – Catenon, OECD, AD1 Holdings

Spain-based executive search firm Catenon announced that it has appointed Anchana Chandrasekharan as vice-president of Catenon India to strengthen its leadership team. Prior to joining Catenon she was director at Savills India. She also held leadership roles at Quikr and previously worked at EY and Housing.com....

World – Economic slowdown likely to force workers to accept lower quality jobs: ILO

The current global economic slowdown is likely to force more workers to accept lower quality, poorly paid jobs which lack job security and social protection, so accentuating inequalities exacerbated by the Covid-19 crisis, according to a new International Labour Organization (ILO) report.

The ILO’s...

Australia – Seasonally adjusted unemployment rate improves to 3.5% in December, monthly hours worked on the rise

Australia’s seasonally adjusted unemployment rate stood at 3.5% in December 2022, down by 0.8% when compared to the same period the year prior, according to data from the Australian Bureau of Statistics (ABS).

When compared to November 2022, the unemployment rate remained unchanged.

The number of unemployed...

India – IT hiring slows down due to global economic headwinds (The New Indian Express)

Large IT firms in India have reduced their hiring owing to evolving global macroeconomic headwinds. Furthermore, they over-hired in previous quarters leading to reduction in hiring in the third quarter, according to The New Indian Express. Tata Consultancy Services, which recently reported a revenue...