Japan to double cap on skilled foreign workers from fiscal 2024

Japan is facing pressure to boost its appeal to foreign talent as it looks to attract up to 820,000 skilled workers over the next five years, doubling the previous cap, in a competition for talent with other countries facing labor shortages, reports Nikkei Asia. The government presented its proposal...

India online recruitment down 8% in February

Online recruitment in India reported an 8% annual decline in February 2023, according to the latest foundit Insights Tracker.

The foundit hiring index lowered from 292 in February 2023 to 269 in February 2024.

Demand for jobs experienced a 3% month-on-month increase, following an index of 262 in January...

Australian job ads drop 12.4% in February

Job advertisements in Australia decreased by 12.4% year-on-year in January 2024 on a seasonally adjusted basis, according to ANZ-Indeed job ads data published on ANZ Bank. 

ANZ-Indeed Australian job ads fell over the month by 2.8% in February, following a significant upward revision in January 2024...

Entry-level BFSI job offerings rise 20-25% in India

Demand for entry to junior-level frontline manpower in the banking, financial services and insurance (BFSI) sector has increased 20%-25% in 2024 compared to a year ago. The increased demand has come amid a surge in housing loans, personal loans and credit cards, even as the financial services industry...

Open Up Group to relocate Tokyo headquarters

Japanese technical staffing firm Open Up Group (2154: JP), previously known as BeNext-Yumeshin announced it will be relocating its head office to the "Tokyo Toranomon Global Square" building on 1 July 2024.

The company’s current headquarters are located in ‘NBF Comodio Shiodome, 2-14-1 Higashi-shimbashi’,...

Ciel HR acquires Courseplay amid plans for IPO

Ciel HR, a staffing firm based in India, announced it acquired a 51% stake in Courseplay, a Mumbai-based learning experience platform amid preparations for an IPO.

The price of the acquisition was USD 2 million, according to the Hindu Business Line.

As part of the deal, Ciel acquired some shares from Courseplay...

India’s white-collar recruitment down 8% in February

White-collar hiring in India fell by 8% in February 2024 when compared to February 2023, according to the latest Naukri JobSpeak Index.

The Index stood at 2,780 for February 2024, up 13% compared to January 2024.

Hiring in the oil & gas sector increased by 21% in February 2024 compared to last year....

Singapore to raise retirement and re-employment ages

To support Singapore’s senior workers to continue working if they wish to, the Ministry of Manpower is lifting the retirement and re-employment ages to 64 and 69, respectively in 2026.

This means from 2026, that companies must offer eligible employees re-employment up until the age of 69.

According to...

Thailand’s Q4 employment growth boosted by tourism sector

Thailand's employment rose 1.7% in the final quarter of 2023 from a year earlier, helped by the tourism sector, after a 1.3% year-on-year increase in the previous quarter, reports Reuters, citing data from the state planning agency. According to the National Economic and Social Development Council, jobs...

Accordant revenue down 9% amid softer trading conditions

Accordant (AGC:NZC), the New Zealand-based temporary staffing provider, announced a market update yesterday for the March 2024 financial year. Revenue was down 9% year to date, with net profit predicted to be materially lower than the NZD 2.0 million (USD 1.2 million) reported for the prior year.

The...