Tag Archives: global

August 01, 2015

The World is Missing Out on Wages

It’s no secret that the global financial crisis of 2008-2010 had a significant impact on jobs. Employment growth has stalled at a rate of approximately 1.4 percent per year since 2011, well below the 1.7 percent annual rate between 2000 and 2007. According to the International Labour Organization (ILO), the slower employer growth since 2011 means that there are 61 million fewer jobs in 2014 than there would...

August 01, 2015

Vietnam’s Growth Forecast to Continue

In the first half of 2015, Vietnam’s economy grew by 6.28 percent, its fastest rate since 2008. Economists attribute the higher GDP to recent efforts by the central government and cities in revenue and tax collection. The country has been considered a success story, where political and economic reforms launched in 1986 have helped to transform Vietnam from one of the poorest countries in the world with per...

June 01, 2015

Indonesia’s Slowing Economy and Workforce Challenges

Indonesia is the largest economy in South East Asia. Combined, the ten economies of the Association of Southeast Asian Nations (Asean) more than tripled in size between 2003 and 2013.  However, in the first quarter of 2015, Indonesia’s economy grew just 4.71 percent, the slowest pace since 2009. Many economists blame the decline on the new administration of President Joko Widodo. The government blames the...

June 01, 2015

Nepal Earthquake: The Long-Term Economic Impact

The 7.8-magnitude earthquake that struck Nepal in late April 2015 has killed more than 5,500 people, and destroyed or damaged many historic sights. Nepal is home to seven official U.N. World Heritage sites, four of them in the Kathmandu Valley around the capital. These temples and squares draw hundreds of thousands of tourists, who fuel a large part of Nepal’s economy. According to the U.S. Geological...

April 01, 2015

The Philippines – Poised for Growth Through BPO

With a population of about 100 million people, the Philippines is the seventh most-populated country in Asia, and the 12 th most populated country in the world. The Philippines is an archipelago consisting of 7,107 islands, and is one of the ten most biologically diverse countries in the world. The Philippine economy is the 39 th largest in the world, with an estimated 2014 gross domestic product (nominal) of...

April 01, 2015

The World’s Most Worker-Friendly Countries

There have been countless research studies on which countries offer the best working conditions for their workforces, ranging in focus from unemployment rates, vacation policies, minimum wage, and more. To make the comparison easier, we rank 34 relatively rich and developed countries from the Organization for Economic Cooperation and Development (OECD) for each individual working condition. National unemployment rate...

March 01, 2015

Singapore: A Glance at the Talent Market

Singapore is a well-established financial hub for Asia, offering robust economic and financial opportunities in a socio-politically stable environment. The country’s high living standards, quality of life, and environment are often ranked among the most attractive for foreign-skilled professionals. Additionally, the government has taken action in recent years to establish Singapore as a global financial center,...

September 01, 2014

Global Labor Shortage

Recently The Boston Consulting Group published a study on projected workforce supply and demand in 25 major economies through 2030. Currently, these countries account for 65 percent of the world’s population and more than 80 percent of total world GDP. The study revealed that between 2020 and 2030 there will be a global labor shortage. Of the four BRICS countries (Brazil, India, Russia, China, and South...

September 01, 2014

Globally Localizing HR

For the last decade, the word “global” has been the buzzword of business. Almost every company is global, and every product or service is geared to a global audience. However, some experts believe that while we live in a highly connected world, there is no “global market” but rather a set of globally connected “local” businesses. The DHL global connectedness study, pioneered by...

August 01, 2014

Temp Employment Rising in the UK

The Trade Union Congress (TUC) recently reported that three out of every ten jobs in the United Kingdom are temporary. Fixed terms or contracts are becoming the increasingly popular in the country. According to a report by the Recruitment and Employment Confederation (REC) and KPMG, the growth of temp engagement has increased at its fastest pace in over 15 years. The hourly rates of pay for temporary and contract...

June 01, 2014

Top South Korean Companies Turning to Temp Workers

The largest companies in South Korea are increasingly turning to contract workers or temporary workers to bolster their workforces. According to business planning reports from the top 20 corporations in Korea, the largest companies had a total of 12,585 contract workers employed at the end of 2013, a 15.2 percent increase from the previous year. Meanwhile, the number of regular employees remained mostly unchanged....

April 01, 2014

India: An Emerging Temp Workforce Hot Spot

India is the second largest of the BRIC countries, not only by the size of its economy but also by population. In 2012, after the country’s economy expanded modestly by 3.2 percent, the International Monetary Fund (IMF) in its annual report on the state of the Indian economy estimated that India will expand by 4.6 percent in 2013, 5.4 percent in 2014, and 6.4 percent by 2015. Recently, investors have been...

April 01, 2014

DCR National Temp Wage Index - April 2014

Temporary hourly wages are projected to rise in the latter half of 2014, especially in jobs that require specialized skills and experience. This forecast is attributed to a continued increase in demand combined with a tightening supply of contingent workers, due to a decreasing workforce participation rate and an aging U.S. population.  This combination of these factors will quickly reduce the current surplus of...

March 01, 2014

DCR National Temp Wage Index - March 2014

The cold weather throughout the United States had an impact on the job numbers again, as employers added 175,000 new private jobs in January, below the expected 189,000, according to the ADP national employment report. “Cold and stormy winter weather continued to weigh on the job numbers. Underlying job growth, abstracting from the weather, remains sturdy. Gains are broad based across industries and company...

March 01, 2014

The Winter Olympics’ Unseen Contestants: Russia’s Temp Workers

For the past month, all eyes have been on Russia as some of the world’s best athletes compete in the XXII Olympic Winter Games. At the torch lighting in Sochi’s Olympic stadium, three years of hard work by workforce companies and contract workers was finally seen. Adecco Group Russia Company and Kelly Services, along with Russian company Exect Business Training, were jointly responsible for the...

February 01, 2014

China: Opportunities for Private Sector in 2014?

For years, many American companies have been shifting their production bases to China in order to lower costs. However, the Chinese market is changing and business inputs such as interest rates, energy costs, and real estate have become more expensive, making it difficult for businesses to sustain their ‘low cost’ competitive edge. As migrant workers are finding more job opportunities at home, labor costs...

February 01, 2014

Spain Optimistic about Temporary Employment

Spain, the Eurozone’s fourth largest economy, is one of Europe’s hardest hit countries when it comes to employment. With approximately 6 million people out of work, the unemployment rate at 26 percent was the second highest in the European Union, second only to Greece. But the country is finally seeing some optimism; in December 2013 the number of Spanish workers registered as unemployed fell by 107,600....

January 01, 2014

Special Topic: Brazil e-commerce Market watch

Over the coming couple of years, the entire world will be focused on Brazil as it plays host to two of the largest athletic events, the World Cup in 2014 and the 2016 Olympics. The largest country in South America easily holds the position of one of the world’s most promising emerging nations. Brazil offers immense opportunities for e-commerce companies that want to expand their reach. With a population of over...

December 01, 2013

DCR National Temp Wage Index – December 2013

The recouping of the market after the government shutdown combined with the surge in demand for goods and services due to the holiday season promises growth for the engagement of temporary workers.   An interesting sector of growth for temporary work has been in tree plantation. A Bossier City firm will plant 6 million loblolly pines and other trees this winter, relying primarily on temporary...

November 01, 2013

World Watch

As a continuation of our article from the October 2013 edition of TrendLine, we explore the trends in temporary worker supply and demand in global markets Recruitment firm Hays in Japan reports that the recruitment market is active in the country.  And recently, Prime Minister Shinzo Abe has vowed to boost employment and raise wages in order to boost consumption and investment. Robert Walters, the global...

October 01, 2013

Temporary Employment: A Glance at European Markets

TrendLine focuses primarily on the temporary workforce in the United States. However, the growing demand and supply of temp workers is also a tendency seen in other global markets. In this article, we take a brief look at the market status in Europe Temporary jobs in The United Kingdom have been increasing rapidly. A report found that temporary billing has increased for the fourth consecutive month in August with a...

October 01, 2012

Social Media Usage Across Geography

Apart from wide exposure, trust in professional and social media through networking with the right people is becoming the user mantra for making the optimum use of Social Media. In 2012, usage of online social profiles increased by 10% from 6% in 2011. Facebook, with its large user volume and popularity, is an instrumental tool for recruiters conducting background checks, and candidate references. More than 50% of...

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