Ramssol Group, a Malaysia-based HR solutions provider, reported revenue today of MYR 14.4 million (USD 3.0 million) for the first quarter ended 31 March 2024, an increase of 123.4%. (MYR thousands) Q1 2024 Q1 2023 Change Q1 2024 (USD millions) Revenue 14,423 6,454 123.4% 3.0 Profit before tax 4,534 2,010 125.5% 0.9 Profit for the period 4,104 2,005 104.7% 0.8 The Board of Directors of Ramssol also announced that Liew Yu Hoe, the acting chief operating officer has been re-designated to chief operating officer of Ramssol Group Berhad with effect from 23 April 2024. The g ..read more

Approximately 70% of companies in Japan will implement pay-scale increases in fiscal 2024, reports the Japan Times, citing a survey by the Finance Ministry. The survey was conducted from March to April, receiving answers from around 1,100 companies throughout Japan. According to the survey, the proportion of companies planning to raise their pay-scales stood at 70.7%, up by 6.3% from the previous year. The proportion of such companies rose 8.8% to 63.1% among small and medium-sized firms, outpacing a 3.2% increase among large companies. Meanwhile, companies planning to implement pay-scale incr ..read more

China created 3.03 million new urban jobs in the first quarter of the year, completing its corresponding target set in this year's government work report, reports China Daily, citing the Ministry of Human Resources and Social Security. The national urban surveyed unemployment rate stood at 5.2% last month, reflecting overall stability in the employment market, the ministry said. Chen Feng, spokesperson for the ministry, said, the ministry proposed to enhance the employment promotion mechanism; expedite the development of a high-quality, full-employment work system; launch initiatives to boost ..read more

Online recruitment in India reported a 4% annual downturn in March 2024, according to the latest foundit Insights Tracker. Despite the annual decline, the month-to-month analysis showed a more positive trend, with a 3% increase in hiring activity from February 2024. Overall, the index stood at 276 in March 2024. The Tracker noted a consistent growth trajectory over recent months, with a 9% growth noted over the past six months and a 5% increase over the last three months.  “Such trends reflect a cautiously optimistic business sentiment, suggesting a significant shift in attitudes and ..read more

Job ad volumes on job board Seek Australia increased by 0.1% quarter-on-quarter at the end of March and 2.4% month-on-month in March 2024. Seek’s Employment Report for March 2024, published last week, showed job ads have been moderating for some time and now appear to have stabilised over the past few months. The 2.4% monthly rise was the highest monthly increase since 2022. Seek earlier this month published annual figures which showed a decrease of 14.9% in March. On a monthly basis, by state, the Australian Capital Territory saw the biggest increase at 7.7% in March 2024. Tasmania saw the sm ..read more

As India goes through general elections, industry experts say up to 900,000 temporary jobs are expected to have been created across different roles due to the political campaigning, according to the Press Trust of India. The first phase of general elections was held on April 19 with 102 constituencies across 21 states and union territories going to polls. The last phase of the 2024 Lok Sabha (general) elections will be held on 1 June 2024. "The exact number of temporary jobs created during the 2024 Lok Sabha Elections across the country would depend on various factors such as the scale of the ..read more

Australia’s Fair Work Ombudsman launched legal action against the operator of a weekend community Chinese language school in Melbourne. Facing the court are Western Chinese Language School Incorporated, which operates out of a site in Braybrook, and former chairperson of the incorporated association’s school council, Baoquan Chen. The regulator investigated after receiving requests for assistance from workers who were employed by the school as Chinese language teachers for various periods between October 2016 and June 2021. The investigation related to four part-time workers, with two of the w ..read more

India-based IT services giant Wipro Ltd. (NYSE: WIT) today reported revenue fell by 4.2% year over year in its fiscal fourth quarter ended 31 March 2023. Revenue totalled INR 222.1 billion (USD 2.67 billion) during the period. (INR millions) Q4 2024 Q4 2023 Change Q4 2024 (USD millions) Revenue 222,083 231,903 -4.2% 2,660.4 Gross profit 64,864 69,165 -6.2% 777.0 Profit before tax 38,622 40,184 -3.8% 462.6 Profit for the period 28,582 30,935 -7.6% 342.4 According to Reuters, Wipro’s Q4 revenue beat analysts' expectation of INR 221.51 billion (USD 2.65 billion). IT services segment r ..read more

China has launched a three-year action plan to nurture and attract digital talent and workers in its tilt towards an innovation-driven economy, reports the South China Morning Post, citing a Chinese government circular. China will launch an array of programmes and campaigns until 2026 to train digital engineers, technicians and workers in areas including big data, artificial intelligence, smart manufacturing, integrated circuits and data security. The plan also aimed to attract foreign high-level digital talent, support overseas returnees starting innovative businesses and organise “high-level ..read more

Global IT services provider Infosys Ltd. (NYSE: INFY) reported revenue today of $4.56 billion for the fourth quarter ended 31 March 2024, an increase of 0.2% on a reported basis and flat on a constant currency basis. The Bengaluru, India-based firm also announced today that it signed a definitive agreement to acquire in-tech, an engineering R&D services provider focused on German automotive industry for €450 million. “We delivered the highest ever large deal value in the financial year 2024. This reflects the strong trust clients have in us. Our capabilities in Generative AI continue to ex ..read more