ENGLISH
|
JAPANESE
|
CONNECT WITH US:
Home
About
Contact
Log in
*
Home
Press release
Aug 10, 2018 15:15 JST
Source:
Aon plc
Technology Companies in Asia-Pacific Raise Hiring Expectations
- The percentage of technology companies in Singapore that plan to hire aggressively increased by 29.4% relative to the previous quarter.
- Voluntary employee turnover among technology companies in the Asia-Pacific region is highest in Australia at 12.8%.
SINGAPORE, Aug 10, 2018 - (Media OutReach) - Technology companies across Asia-Pacific are reporting more optimistic hiring plans, according to new data from Radford, a division of Aon plc (NYSE: AON).
The percentage of technology companies reporting aggressive hiring plans - defined as actively planning and recruiting for organisational growth - increased in Q2 2018 from the prior quarter in six out of eight key markets in Asia-Pacific.
In Singapore, the percentage of technology companies that plan to hire aggressively in Q2 increased to 4.4% compared to 3.4% in the previous quarter. Australia reported the highest aggressive hiring plan across the region at 6.9%.
Percentage of Technology Companies Reporting Aggressive Hiring Plans
https://bit.ly/2vYVNmq
Meanwhile, voluntary employee turnover - another key metric on the health of the overall technology sector - remains high in most markets. Radford typically views voluntary turnover above 10% to be a concern that warrants further examination from companies.
Voluntary employee turnover was highest in Australia at 12.8% followed by India (12.7%), China (12.4%) and Singapore (12%).
Average Voluntary Employee Turnover at Technology Companies
https://bit.ly/2MhHe7m
Advice for Retaining Talent
Technology companies need to work especially hard to retain their top talent to fuel anticipated growth. Companies must first think about the types of rewards that are most important to their employees, particularly those that are seen as differentiating and reinforcing company culture. Then, companies should target those rewards at a competitive market point.
This is especially important for certain in-demand job functions in the technology sector. These are often jobs that involve the most cutting-edge technology, such as machine learning and artificial intelligence.
Alexander Krasavin, Partner and Radford Leader for Asia Pacific, Middle East, and Africa says: "The technology market across Asia-Pacific is strong as we head into the second half of the year. To support rapid hiring plans, companies must leverage both pay and non-monetary rewards. These can include perks that promote greater work/life balance, peer-to-peer recognition awards and internal mobility programs."
About Radford
Radford delivers talent and rewards expertise to technology and life sciences companies. We empower the world's most innovative organizations - at every stage of development - to hire, retain and engage the amazing people they need to create amazing things. Today, our surveys provide in-depth rewards insights in 80-plus countries to more than 3,000 client organizations, and our consultants work with hundreds of firms annually to design talent and rewards programs for boards of directors, executives, employees and sales professionals. Radford is part of the Talent, Rewards & Performance practice at Aon plc (NYSE: AON). For more information, please visit radford.aon.com.
About Radford Global Technology Survey
The Radford Global Technology Survey provides human resources and compensation professionals with access to rewards insights covering more companies, incumbents and countries on a single survey platform than any other data provider. Today, our survey spans 2,233 participating technology companies, 7.4 million incumbents, 3,000+ unique jobs and 88 countries with reported results. For more information about Radford Global Technology Survey, click here.
https://radford.aon.com/surveys/technology-compensation-survey
About Aon
Aon plc (NYSE:AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.
For further information on our capabilities and to learn how we empower results for clients, please visit
https://apac.aonhewitt.com
Media Contact
Jini Pillai
T: +65 8133 8523
E:
jini.pillai@aon.com
Maneesh Sah
T: +65 6221 8222
E:
maneesh.sah@aon.com
Source: Aon plc
Copyright ©2024 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.
Latest Release
JCB enables JCB Contactless acceptance at Taichung MRT in Taiwan
Apr 26, 2024 10:00 JST
Mazda Production and Sales Results for March 2024 and for April 2023 through March 2024
Apr 25, 2024 18:21 JST
MHI Begins Operation of SOEC Test Module the Next-Generation High-Efficiency Hydrogen Production Technology at Takasago Hydrogen Park
Apr 25, 2024 17:45 JST
GAC Honda to Begin Sales of All-new e:NP2, the Second Model of e:N Series
Apr 25, 2024 16:50 JST
Toyota Exhibiting at Beijing Motor Show 2024
Apr 25, 2024 16:25 JST
Honda Reaches Basic Agreement with Asahi Kasei on Collaboration for Production of Battery Separators for Automotive Batteries in Canada
Apr 25, 2024 11:10 JST
UNIQLO Sponsors KAWS + Warhol Exhibition Tour, Starting in Pittsburgh
Apr 25, 2024 09:00 JST
Mitsubishi Power Begins Commercial Operation of Seventh M701JAC Gas Turbine in Thailand GTCC Project; Achieves 75,000 AOH To-Date
Apr 24, 2024 17:19 JST
MC and Denka Sign J/V Agreement in Fullerene Business
Apr 24, 2024 17:02 JST
Mitsubishi Motors Posts Record Sales in the Philippines in FY2023
Apr 24, 2024 13:56 JST
NEC Develops High-speed Generative AI Large Language Models (LLM) with World-class Performance
Apr 24, 2024 13:25 JST
Fujitsu SX Survey reveals key success factors for sustainability
Apr 23, 2024 10:25 JST
Fujitsu and METRON collaborate to drive ESG success: slashing energy costs, boosting productivity with new manufacturing industry solutions
Apr 22, 2024 16:09 JST
NEC Strengthens Commitment to Space Industry with Investment in Seraphim Space Venture Fund II
Apr 22, 2024 15:09 JST
Soft Space Launches the First and Only JCB Payment Gateway in Malaysia
Apr 22, 2024 15:00 JST
TOYOTA GAZOO Racing takes a one-two in Croatian thriller
Apr 22, 2024 10:47 JST
First-ever Mazda CX-80 Crossover SUV Unveiled in Europe
Apr 19, 2024 13:50 JST
Fujitsu develops technology to convert corporate digital identity credentials, enabling participation of non-European companies in European data spaces
Apr 19, 2024 10:17 JST
Mitsubishi Heavy Industries and NGK to Jointly Develop Hydrogen Purification System from Ammonia Cracking Gas
Apr 18, 2024 17:01 JST
Toyota Launches All-New Land Cruiser "250" Series in Japan
Apr 18, 2024 13:39 JST
More Latest Release >>
Related Release
Aon and FORTUNE China announce China's Top Boards of Directors for 2018
August 23 2018 15:15 JST
Managing Risk: Reputation events twice as costly for companies since rise of social media
August 17 2018 10:20 JST
Aon announces 7 Best Employers in Singapore for 2018
August 15 2018 00:00 JST
Aon Announces First-of-its-Kind, Season-Long Golf Competition in Partnership with PGA TOUR and LPGA
July 09 2018 21:10 JST
Medical inflation rate in China falls to third-lowest in Asia
June 25 2018 12:00 JST
Medical inflation rate in Hong Kong highest in Greater China
June 19 2018 15:45 JST
Employee Engagement In The Philippines Bounces Back By 6 Points
May 30 2018 18:40 JST
Aon and DLA Piper review insurability of GDPR fines across Europe
May 22 2018 15:00 JST
Malaysia Bounces Back With 4-Point Increase in Employee Engagement
May 14 2018 13:00 JST
Islamic State poses a sustained threat to Singapore and Southeast Asia
April 11 2018 10:20 JST
More Press release >>