Ciel Group appoints HDFC Bank and Ambit Capital as IPO lead managers (Hindu Business Line)

India-based IPO-bound staffing firm Ciel has appointed HDFC Bank and Ambit Capital as the Book Running Lead Managers (BRLM), the Ciel Group’s Executive Chairperson K Pandiarajan, told the Hindu Business Line. BRLMs, or merchant bankers, take a company through the entire IPO process, creating marketing...

Australia’s privatised employment services system ‘has failed’, says parliament

Australia’s employment services system needs large scale reform to fundamentally rebuild, according to a parliamentary review by the government.  

The John Howard government privatised employment services by nearly 25 years ago. 

“It should not be controversial to state that full privatisation...

Singapore’s labour market resilient despite economic headwinds

Singapore’s resident employment rate for residents aged 15 and over declined to 66.2% in 2023 from 2022’s historical high of 67.5% amid an exceptionally tight labour market, according to the latest labour market release by the Ministry of Manpower in Singapore.  

In 2023, the unemployment...

Australian employers don’t plan to offer above-inflation pay rises (news.com.au)

Most Australians have been warned they should not expect an above-inflation pay rises in 2024, reports news.com.au, citing research from Robert Walters Australia. The study shows 58% of bosses said they were not expecting to offer salary increases above 5.4%, the current inflation rate. That means employees...

Apprentice skilling in IT/BFSI industries to create 5 million jobs by 2025 (Business Standard)

The IT and banking, financial services and insurance (BFSI) industries are expected to create approximately 5 million jobs with apprentice skilling by 2025, reports the Business Standard, citing research by staffing firm Quess Corp. Hiring in the IT/ITES industry has been growing month-on-month as it...

Work-related accidents, illnesses kill almost 3 million workers yearly

Almost three million workers die every year due to work-related accidents and diseases – an increase of more than 5% compared to 2015, according to new estimates by the International Labour Organisation. The toll underscores the persistent challenges in safeguarding the health and safety of workers,...

Australia’s advertised salaries up 4.6% in October, South Australia leads growth

Advertised salaries on job board Seek Australia rose 4.6% in October from the same month a year ago, but the growth rate slowed from the annual 4.8% gain recorded in both September and August. 

On a monthly basis, advertised salaries climbed slightly by 0.3% in October, a slowdown from the previous...

Thailand employment growth slows further in Q3 due to weak exports (Xinhua)

Thailand's employment growth slowed year-on-year in the July-September 2023 period, reaching the lowest rate in five quarters, dragged down by weak exports, reports Xinhua, citing official data from the National Economic and Social Development Council (NESDC). The Southeast Asian country's labour force...

Ciel Group acquires Indian IT staffing firm Aargee as it continues path to IPO

Ciel Group, a staffing firm based in India, successfully concluded the acquisition of Aargee Staffing Services Private Limited, an IT staffing firm based in Chennai, India.

The deal will comprise a share swap and cash deal, however Ciel did not disclose the total value of investments in acquiring the...

JP Holdings acquires worker dispatch firm One’s Will

JP Holdings, a Japan-based company offering nursery services and real estate services, announced it has acquired One’s Will, a company that offers worker dispatching as well as employment placement for foreign workers.

The price of the transaction was not disclosed. The effective date of the transaction...