CONNECT WITH US:
Aug, 10 2018 15:15 JST
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
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
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."
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.
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
T: +65 8133 8523
T: +65 6221 8222
Copyright ©2019 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.
Biomedical Software Startup BostonGene Secures $50M in Series A Financing from NEC
Apr 25, 2019 15:13 JST
Toyota Strengthens Head Office Research and Development Capabilities with New Facility for Building Ever-better Cars
Apr 25, 2019 13:03 JST
Toyota's TRI-AD, Maxar Technologies and NTT DATA Collaborate to Build High-Definition Maps for Autonomous Vehicles from Space
Apr 25, 2019 11:58 JST
MHPS Receives Order from HAZAMA ANDO CORP. for "MEGAMIE" Hybrid Power Generation System
Apr 25, 2019 11:44 JST
Showa Aluminum Can to Establish Third Production Base in Vietnam and Expand Existing Can End Production Lines
Apr 25, 2019 11:30 JST
Eisai to Present Latest Data on Lemborexant and Perampanel at Annual American Academy of Neurology Meeting
Apr 24, 2019 17:53 JST
NEC Accelerates Services Business Leveraging Network Strengths Under the New Brand "NEC Smart Connectivity"
Apr 24, 2019 13:06 JST
Fujitsu Contributes to Achievement of SDGs, Resolution of Challenges Surrounding Climate Change, Resource Management
Apr 24, 2019 11:44 JST
Hitachi Agrees to Acquire JR Automation, a Robotic System Integrator in the US
Apr 24, 2019 11:28 JST
Eisai Selected as Competitive ICT Strategy Company for 2019
Apr 24, 2019 09:36 JST
Fujitsu Named "Competitive IT Strategy Company" for 2019
Apr 23, 2019 15:58 JST
Hitachi Receives Order for Two Voltage-Sourced Frequency Converters for Chubu Electric Power Higashi Shimizu Substation
Apr 23, 2019 15:43 JST
Showa Denko Starts Service to Measure Performance of Noxious-GHG Removal Equipment
Apr 23, 2019 13:00 JST
Toyota: The Future of Zero-Emission Trucking Takes Another Leap Forward
Apr 23, 2019 09:00 JST
Mitsubishi Shipbuilding Holds Christening Ceremony for Next-Generation LNG Carrier "Diamond Gas Sakura"
Apr 22, 2019 15:10 JST
Network International and JCB enable JCB Contactless acceptance in the United Arab Emirates
Apr 22, 2019 15:00 JST
Toyota Establishes Joint Research Institute with China's Tsinghua University
Apr 22, 2019 11:20 JST
Fujitsu to Introduce Sustainable Ingredients to Employee Cafeterias on Ongoing Basis
Apr 22, 2019 11:08 JST
TOYOTA GAZOO Racing Eyes South American Gravel Glory
Apr 19, 2019 17:30 JST
Toyota, DENSO and SoftBank Vision Fund to Invest $1 Billion in Uber's Advanced Technologies Group
Apr 19, 2019 09:35 JST
More Latest 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 >>