While hiring across the economy as a whole has taken a severe hit during the coronavirus pandemic, the UK’s fintech sector is bucking the trend, according to international professional recruiter Robert Walters.
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New licence conditions being introduced for employment agencies in Singapore to promote fair hiring “are a positive change”, according to Airswift’s president for Asia.
With unemployment widely expected to rise over the coming months as the government furlough scheme is withdrawn, a new report has called on the government to take a two-pronged approach to avert a labour market crisis.
As recruitment agencies and employers prepare for the rollout of the off-payroll reforms in the private sector next April, nearly nine out of 10 status determinations to date resulted in contractors being deemed to be outside of IR35, according to IR35 specialist Qdos.
Recruitment platform Tempo has secured £5m in a funding round led by Adecco Group.
The value of listed companies within the human capital sector, including recruitment firms, has taken a significant hit during the Covid-19 crisis, according to Arrowpoint Advisory.
The CEO of professional services firm Norman Broadbent Group says that despite being impacted by the Covid-19 pandemic, actions taken “leaves us better placed to respond to these challenges than many”.
Insolvency experts familiar with the recruitment sector have added their voices to warnings that the industry is headed for a fall as government support for business is withdrawn over the coming months.
Logistics and delivery firm DPD is recruiting 6,000 new staff, in response to an unprecedented boom in online shopping caused by Covid-19.
As economies in South-East Asia slowly reopen after the peak of coronavirus in the region, organisations should look beyond their current short-term cost reduction measures.