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Hong Kong – Financial sector less reliant on Western workers

10 November 2014

Increasingly investment banks in Hong Kong are targeting the growing number of Hong Kong and Chinese nationals who are working or studying in the US or Europe to fill roles.According to John Mullally, associate director of financial services at recruiters Robert Walters in Hong Kong, “invest...


Singapore – APSCo Asia appoints managing director

10 November 2014

APSCo Asia have appointed Gaulbert Pereira to the position of managing director as the trade association seeks to strengthen its offering in the region.Gaulbert, whose previous positions include roles at InterQuest Group and Michael Page, will be based in APSCo’s Singapore office. He will take re...


Philippines – Applicants exploited for overseas employment

10 November 2014

An immigration consultancy firm was ordered to close for recruiting Filipinos to work in New Zealand allegedly without proper authority from the Philippine government, the Philippine Overseas Employment Administration (POEA) has confirmed. POEA Administrator Hans Leo Cacdac ordered the closur...


New Zealand - Bosses on notice as worker confidence up

7 November 2014

A new survey by Randstad has found jobseeker confidence is at its highest point since 2012, and it is warning employers to look after their staff or risk losing them according toThe Dominion PostThe Randstad Mobility Index, which tracks employees' confidence and captures the expectation of worker...


Japan - WDB Holdings see profitable H1

7 November 2014

Recruitment and human resource services company WDB Holdings Co. Ltd (2475: TYO) reported revenue for 1st Half ended 30th September 2014 of JPY 13.40 billion (USD 122 million), an increase of +8% compared with JPY 12.37 billion (USD 113 million) last year.The company reported an operating profit...


India - IT companies open to rebadging bench staff to boost efficiency

7 November 2014

IT staffing company Magna Infotech has won a contract to rebadge and redeploy 200 people from the bench of an IT company and is in talks to carry out similar exercises at other companies, a sign that the industry is beginning to take greater steps to reduce spare capacity and boost margins accord...


Australia – A dreary jobs outlook

7 November 2014

The Reserve Bank of Australia has confirmed a dreary jobs outlook, according to the Business Spectator."Labour market conditions remain subdued," the RBA said in its quarterly Statement on Monetary Policy on Friday. According to the Business Spectator and our recent articles this was ha...


Australia – HiTech operating revenue up but profits down

7 November 2014

In his Address to Shareholders, Ray Hazouri, Chairman and CEO of Australian ICT staffing company HiTech Group Australia (HIT: ASX) stated that the outlook for FY2015 was positive, but unsurprisingly “depended on the prevailing economic conditions at the time and the demand for human talent from b...


World – Kelly Services reports marked decline in operating income during Q3

6 November 2014

US-based recruitment firm Kelly Services (KELYA: NSDQ) reported revenue for the third quarter ending 30 September 2014 of USD 1.4 billion, an increase of +3.8% compared with USD 1.3 billion during the same period last year.Gross profit for the period rose by +2.2% to USD 225.4 million, up from US...


Japan – Temp Holdings reportedly buying Panasonic’s staffing unit

6 November 2014

Japanese staffing firm Temp Holdings (2181: JP) is reportedly buying a majority stake in Panasonic Excel Staff, the staffing segment of electronics giant Panasonic, reports asia.nikkei.com. For an estimated JPY 10 billion (USD 87.2 million), Temp Holdings intends to acquire 66% of the shares...