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China’s white-collar workers saw salaries dip in 2023 (Bloomberg)

1 February 2024

Nearly a third of Chinese office workers reported falling salaries last year, the highest share in at least six years, underscoring persistent deflationary pressures in the world’s second-largest economy, reports Bloomberg (paywall). About 32% of white-collar workers in China surveyed by the online...


TeamLease Services Q3 revenue rises 21.7% with profits up

31 January 2024

TeamLease Services Ltd (TEAMLEASE:NSI) yesterday reported revenue from operations of INR 24.45 billion (USD 294.2 million) for the third quarter ended 31 December 2023, an improvement of 21.7% compared to the same period last year.

(INR millions) Q3 2024 Q3 2023 % change Q3 2024 (USD...


Quick Co revenue edges up 5.6% as profits rise

31 January 2024

Quick Co. Ltd (4318: JP), a Japanese staffing firm, reported revenue today for the nine months ended 31 December 2023 of JPY 22.24 billion (USD 150.5 million), an increase of 5.6% compared to the previous year.

(JPY millions) 9 months 2023 9 months 2022 Change 9 months 2023
Revenue ...


JTec nine-month revenue ticks up 2.9%

31 January 2024

Japanese staffing company JTec Corp. (2479: JP) reported revenue today for the nine-month period ended 31 December 2023 of JPY 2.45 billion (USD 16.6 million), an increase of 2.9% compared with last year.

(JPY millions) 9 months 2023 9 months 2022 Change 9 months 2023 (USD millions) ...


Matching Service acquires FourQuarters Recruitment in Australia

31 January 2024

Japanese recruitment firm Matching Service Japan (6539:TYO) announced today it acquired 75.0% of the shares of FourQuarters Recruitment Pty. Ltd., an Australia-based recruitment firm.

The total price of the transaction is JPY 3.46 billion (USD 23.4 million), which includes advisory fees.

FourQuarters Recruitment...


Hiremii Q2 revenue growth driven by candidate placements

30 January 2024

Hiremii, an Australia-based staffing platform for temporary and permanent hiring reported revenue of AUD 7.42 million (USD 4.91 million) for the second quarter ended 31 December 2023, up 61.5% when compared to the prior-year period.

Revenue was driven by organic growth in candidate placements focused...


Persol Holdings diversifies into office furniture rental service through acquisition

30 January 2024

Japanese staffing firm, Persol Holdings Co., Ltd. announced it has invested in Tokyo-based Class Co., Ltd., which operates a PaaS (Product as a Service) platform for durable consumer goods. This investment was made through Persol Venture Partners LLC.

Class Co.’s platform provides furniture and home...


Most APAC firms say working in office increases productivity (PhilStar)

30 January 2024

More than half of companies in the Asia Pacific region (65%) believe that working in the office increases productivity, reports Phil Star, citing research from Cisco. At the same time, employers think that a return to the workplace allows workers to improve team communication and respond to leadership...


BFSI firms in India to ramp up recruitment for legal teams (Economic Times)

30 January 2024

Demand for specialist legal and compliance professionals has surged in the banking, financial services and insurance (BFSI) sector in the past year with banks, non-banking financial companies (NBFCs), insurance and fintech companies beefing up their senior leadership teams, reports The Economic Times...


AD1 Holdings cash receipts up in Q2 as it resumes restructuring

29 January 2024

Australia-based job search site AD1 Holdings (AD1:AU) reported cash receipts totalling AUD 1.44 million (USD 950,630) in the second quarter ended 31 December 2023, representing an increase of 12% compared to the same period a year ago.

The group said it had continued to progress in line with its new strategic...