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India, China to Lead 2010 Salary Increases in Asia
India and China are likely to lead salary increases in Asia next year, tracking growth in two of the region’s three biggest economies, Hewitt Associates Inc. said recently. more

United Kingdom - Chancellor imposes one-off super tax on bankers bonuses.
Chancellor Alistair Darling has announced plans for a one-off super-tax on bankers' bonuses as part of his pre-Budget report. more

Singapore - Singapore Managers third in Asia in spending power.
MANAGERS in Singapore have the third-highest spending power in Asia, behind those in Hong Kong and Thailand, according to a survey out yesterday (13/12/09). more

Asia - A walk on the Asian pay tightrope
On the challenge of keeping staff happy without upsetting global colleagues Investment banks face a thorny issue in Asia-Pacific, the fastest-growing region: how to reward staff who perform well. more

China - Quarter 4, 2009 – Banking and Finance Newsletter
Alistair Ramsbottom, Consult Group’s Head of Banking and Finance for Greater China comments on current trends in the Chinese banking and finance market for talent. more

United Kingdom - City bonuses bounce back by fifty per cent– but still far lower than 2007/8 peaks.
Despite public concern over growing bonuses, more competition is the right approach. more

United Kingdom - City jobs increasing in 2010 but will remain below peak levels for at least a decade.
The Centre for Economics & Business Research upwardly revises it’s forecasts since its last release in April, but the number of City workers is still 14 per cent below peak levels. They estimate that the credit crunch will have reduced wholesale finance employment in London by 49,000 but jobs will start to come back next year. more

United Kingdom - Britain's five largest banks are to accept the curbs on bonuses.
Britain's five largest banks are to accept the curbs on bonuses agreed by G20 leaders at the recent Pittsburgh summit. more

China - Report finds that Chinese executives on average earned 2.5 times more than their Indian equivalents.
Global banking and investment services company, UBS, has issued their Prices and Earnings Report 2009 showing that wages for Chinese managers have risen considerably. more

China - Global employment survey finds Chinese job market showing signs of recovery.
A quarterly survey of hiring and firing trends in over 30 key countries has found job prospects for professionals and managers in China better than the global average. The percentage of organisations here expecting to shed staff in the next three months is also substantially below the worldwide average. more

USA - US Job market shows signs of improvement.
Reports show narrower decline in private-sector job losses and slight drop in announced job cuts. more

Global - Despite talk of economic "green shoots," more people around the world received pink slips last month.
The jobless rate climbed to 9.2 percent in the 16 Eurozone nations of the EU, the highest rate in a decade. In the U.S. unemployment has hit a 25-year high of 8.9 percent and Hong Kong unemployment hit a three-year high of 5.3 percent in April. more

China - China bosses told to cut salaries.
Executives of state-owned banks and insurers in China have been told to cut their salaries to ease the disparity between themselves and Chinese workers. more

Singapore - Top executives have been most affected by the wage freeze
Top executives have been most affected by the wage freeze, a widely-adopted measure taken by companies to cut costs and retain employees. more

Asia - For out-of-work Asian bankers in the West, exploring opportunities back home could prove fruitful.
Hong Kong headhunters say they are getting more and more resumes from Europe and the US. The bad news is that there are very few openings for bankers who have no prior experience in Asia. This does not mean there are no opportunities in the region. more

Malaysia - Malaysia has banned the hiring of new foreign workers in factories, shops and other services.
The government said the move was to protect its citizens from unemployment during the economic downturn. more

Singapore - Singapore's Employers told to cut costs, freeze wages - January 2009
The National Wage Council (NWC) has advised employers to freeze pay levels and cut costs in the wake of the deepening recession. more

Relocation of our Beijing office.
Our Beijing office has relocated. We have a new main line contact number. For all your North China recruitment service needs please contact us on Tel: (86-10) 5879 3883. more

Despite Economic Recession, Executive Jobs In Several Sectors Expected To Grow In 2009
According the latest semi-annual AESC Member Outlook Survey conducted by the Association of Executive Search Consultants (AESC) in December of last year, several market sectors are expected to strengthen despite the state of the world economy. more

New Singpore Budget focuses on job retention
January 2009 - The Singapore government unveiled a new initiative worth S$20.5 billion (US$13.6 billion) to boost business competitiveness and job security in a recessionary environment. more

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