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India – Outlook on temporary staffing growth optimistic in 2020 for TeamLease and Quess Corp (LiveMint)

3 June 2019

Management for India-based staffing firms TeamLease and Quess Corp are indicating that the outlook for the general staffing businesses is robust for FY 2020, reports LiveMint. The Indian fiscal year runs from 1 April to 31 March. “In FY 2019, the incremental headcount for Quess was around 56,000 and...


Philippines – Spectra360 acquires offshore RPO firm Raso solutions

31 May 2019

US-based transportation and logistics staffing firm Spectra360 announced that it acquired Raso Solutions, an offshore recruitment process outsourcing and technology firm based in Cebu, Philippines.

The deal closed 20 May 2019. Terms of the transaction were not announced.

CEO Andrew Bergen said the transaction...


World – Two-thirds of population falling behind in critical skills, report finds

31 May 2019

Two-thirds of the world’s population is falling behind in critical skills, including 90% of developing economies, according to a new report from online learning platform Coursera.

The report, Coursera’s Global Skills Index, takes an in-depth look at skill trends and performance around the world.

Countries...


Japan – Seasonally adjusted jobless rate falls slightly in April

31 May 2019

The seasonally adjusted unemployment rate in Japan stood at 2.4% in April, down from 2.5% during the same period last year, according to figures from the Statistics Bureau of Japan.

When compared to the previous month, the seasonally adjusted unemployment rate also fell by 0.1%.

On a non-seasonally adjusted...


India – India Inc revenue growth slips in Q4 (Economic Times)

31 May 2019

India Inc (India’s formal sector), reported deceleration in topline growth for the fourth quarter ended 31 March 2019, reflecting the impact of slowing demand across sectors amid tight liquidity, slowing discretionary consumption and sluggish rural demand, reports the Economic Times. A sample of 1,731...


India – TeamLease Services revenue and profits rise in Q4

30 May 2019

TeamLease Services Limited reported INR 11.63 billion (USD 166.4 million) in revenue from operations net of taxes in its fiscal fourth quarter ending 31 March 2019, an increase of 19.0% when compared to the same period last year.

(INR millions) Q4 2019 Q4 2018 Change Q4 2019 (USD millions) ...


Singapore – Employees received higher wages in 2018, according to Ministry of Manpower

30 May 2019

The proportion of businesses in Singapore that raised their employees’ total wages in 2018 increased to 67% from 65% in 2017, according to a report from the Ministry of Manpower.

The increase was a result of an increase in the proportion of profitable businesses that performed as well or better than...


World – ILO report finds gender diversity makes it easier to attract and retain talent

30 May 2019

More than half, or 56.8%, of businesses that promote gender diversity initiatives reported an increased ability to attract and retain talent, according to a new report from the International Labour Organisation.

The report, Women in Business and Management: The business case for change , surveyed...


India – Recruitment firm booked by police for allegedly operating without a licence and leaving young workers stranded in Kuwait (The Hindu)

30 May 2019

Police in India have registered a case against recruitment firm Manikya Associates for allegedly carrying out recruitment for foreign firms without having a licence under the Emigration Act, reports The Hindu. The case was registered on its own motion by the Mangaluru North Police following reports on...


New Zealand – AWF Madison announces acquisition, while full-year revenue impacted by blue-collar business

29 May 2019

AWF Madison Group Ltd (AWF:NZC), the New Zealand-based temporary staffing provider, reported revenue of NZD 276.8 million (USD 180.3 million), down 4.1% when compared to the same period last year.

(NZD millions) FY 2019 FY 2018 Change FY 2019 (USD millions)
Revenue 276.8 ...