Weekly Top Articles & Industry Trends For Staffing Leaders
A collection of this week's most important news articles, market trends, and blog entries will give you an inside look at what's going on in the staffing and recruiting space.
Jobs are the most pressing global issue due to economic headwinds and rapid technological change that is redefining skills the youth need for the job market, Finance Minister Nirmala Sitharaman has said. She said this in Washington, D.C., during a discussion on how the World Bank can help create more jobs. She urged the international financial institution to collaborate with countries in identifying high-priority skilling sectors based on data, analysis and knowledge work.
Wider use of technologies such as UPI has led to accelerated adoption of digital means in financial services. This has also broadened the scope of roles in the sector, especially in the mid-career space. Dhriti Prasanna Mahanta, VP and Business Head, TeamLease Degree Apprenticeship, says these changes have led to increased demand for specialised roles. Mid-senior level hiring now includes positions like credit analysts, investment bankers and financial analysts who focus on risk evaluation, capital management and financial planning.
Professional networking platform apna.co has reported a 20 per cent year-on-year increase in job postings to 2.16 lakh this festive season across logistics & operations, e-commerce, and hospitality. This year's festive season was particularly important for businesses looking to rebound after a slowdown in consumer spending during the summer and election periods. Companies were focused on driving sales beyond last year's numbers, according to apna.co.
Environmental, Social, and Governance (ESG) principles are increasingly reshaping the corporate landscape, and India is no exception. Between 2019 and 2023, ESG-related jobs surged by over 223%, marking a significant shift towards sustainable business practices. According to LinkedIn, sustainability roles continue to be among the fastest-growing jobs. For instance, in the US, roles like Environmental Health Safety Manager and Sustainability Analyst are among the top 10 fastest-growing jobs.
In 1969, a 29-year-old man died of a stroke while working in the delivery department of Japan’s largest newspaper. As the tragic details of his death emerged, it became clear that gruelling work conditions had played a deadly role. Logging dozens of hours of overtime each week, the man had become physically ill from overwork. But instead of reducing his workload, he was forced to work even longer and more demanding hours, eventually resulting in his death.
Malaysia's labour market continued to improve in the second quarter of 2024, aligning with better economic development for the period. According to the Department of Statistics Malaysia, the labour force grew to 17.15mn persons, an increase from 16.96mn in the previous quarter. Similarly, the number of employed persons also experienced a growth, reaching 16.59mn from 16.40mn in the first quarter of 2024. Complementing this, the total number of people unemployed decreased to 557,800, down from 561,100 in the first quarter of 2024.
Psychological safety, a concept brought to prominence by Professor Amy Edmondson of Harvard Business School, refers to a shared belief that a work environment is safe for interpersonal risk-taking. When inclusive norms are implemented effectively, a psychologically safe workplace encourages open and honest communication, particularly from lower-level employees to those in higher positions.
Creating a robust remote work policy is essential for companies that want to ensure both flexibility and productivity in their distributed teams. In Southeast Asia, where remote work is becoming a standard option for many businesses, it’s important to have clear guidelines in place that address the needs of both employers and employees. A well-crafted policy outlines expectations, defines communication protocols, and provides resources for managing remote work effectively.
Creating a workplace where everyone feels safe, seen, and supported is crucial to achieving company success. In fact, almost 80% of global business leaders recognize the increasing importance of diversity, equity, and inclusion (DEI) within organizations. While having a clear vision is a great start, turning this into reality takes commitment, continuous efforts, and strategic implementation.
The Acumont team is here to share this week's industry insights with you. Staffing leaders can make better decisions by reading this weekly digest, which helps them understand the human capital issues that impact recruiting and staffing workforces as well as the economic trends that affect their businesses.
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Acumont Solutions is a global staffing services provider and offers a wide range of services, including talent acquisition services, international recruitment, executive search, startup hiring, recruitment process outsourcing, and contract staffing.?