Asia Fresh News

Asia Fresh Stories

Archive for November 5th, 2010

Robert Walters Asia Job Index Q3 2010

leave a comment »

HONG KONG, Nov. 2, 2010 /PRNewswire-Asia/ — Robert Walters, the international recruitment consultancy, today publishes its Asia Job Index for the third quarter of 2010. The Robert Walters Asia Job Index tracks advertisement volumes for professional positions across the leading job boards and newspapers in Hong Kong, Singapore, mainland China and Japan.

(Logo: http://www.prnasia.com/sa/2010/11/01/20101101372415-l.jpg )

KEY FINDINGS:

— Advertisements placed in Q3 2010 increased by 72.3% compared with Q3 2009,
demonstrating a continuing uplift in levels of advertising and further
signs of employer confidence.
— Job advertisements in Q3 across the region were up 12.7% during the quarter
compared with Q2.
— Compared to Q3 2009, Japan and China have seen the largest increase in job
advertisements (+108.1% and +74.6% respectively).
— Compared to Q2 2010, numbers of job advertisements in Q3 have increased in
all regions: Japan is the highest, up 27.8%, mainland China increased by
12.5%, Singapore by 5.2% and Hong Kong up 3.8%.
— Japan saw particularly significant growth in Financial Services, IT and
Engineering.
— There has been a rise in advertisements for Clerical and Administrative
staff across the regions, with personnel increasingly in demand to support
professionals hired earlier in the year.
— High quality candidates remain in short supply and recruitment from
overseas is becoming increasingly common.

THE ROBERT WALTERS ASIA JOB INDEX

The Robert Walters Asia Job Index indicates that the total number of advertisements for professional positions in Q3 2010 was up 12.7% on the previous quarter and almost 6% across the quarter, from July to September. Compared to Q3 2009, overall numbers of job advertisements have increased by 72.3%. The figures show that the recovery in sentiment, which became apparent in Q1 and Q2, has continued strongly. Employer confidence is higher than at any time since the start of the global downturn. It is also becoming apparent that there is a severe shortage of skills, which is starting to push salaries upwards, especially in financial services.

Month by month analysis of job advertisements for professional positions
placed in Q2 2010 / Q3 2010:

Hong Kong* Singapore Japan Mainland China TOTAL

Apr-10 124,927 83,350 122,670 3,379,975 3,710,922
May-10 129,633 80,373 142,415 3,473,473 3,825,894
Jun-10 134,979 83,090 173,295 3,536,522 3,927,886
Total in Q2 2010 389,539 246,813 438,380 10,389,970 11,464,702

Jul-10 132,949 88,101 205,782 3,684,633 4,111,465
Aug-10 135,129 86,930 184,262 4,062,467 4,468,788
Sep-10 136,357 84,634 170,346 3,946,119 4,337,456
Total in Q3 2010 404,435 259,665 560,390 11,693,219 12,917,709
% change
Q2 2010 – Q3 2010 3.82% 5.21% 27.83% 12.54% 12.67%
% change
Jul 2010 – Sep 2010 2.56% -3.94% -17.22% 7.10% 5.50%

* Hong Kong figures have been adjusted to reflect the inclusion of Career
Times advertisements.

Quarter-on-quarter analysis of job advertisements for professional
positions placed in Q3 2009 / Q3 2010:

2009 2010 % change
Hong Kong *
July 106,478 132,949 24.86%
August 109,787 135,129 23.08%
September 116,624 136,357 16.92%
HONG KONG TOTAL Q3 332,889 404,435 21.49%

Singapore
July 63,643 88,101 38.43%
August 67,639 86,930 28.52%
September 69,214 84,634 22.28%
SINGAPORE TOTAL Q3 200,496 259,665 29.51%

Japan
July 89,069 205,782 131.04%
August 88,871 184,262 107.34%
September 91,391 170,346 86.39%
JAPAN TOTAL Q3 269,331 560,390 108.07%

Mainland China
July 1,891,031 3,684,633 94.85%
August 2,323,765 4,062,467 74.82%
September 2,481,405 3,946,119 59.03%
CHINA TOTAL Q3 6,696,201 11,693,219 74.62%

TOTAL ASIA
July 2,150,221 4,111,465 91.21%
August 2,590,062 4,468,788 72.54%
September 2,758,634 4,337,456 57.23%
TOTAL Q3 7,498,917 12,917,709 72.26%

* Hong Kong figures have been adjusted to reflect the inclusion of Career
Times advertisements.

Sector Analysis — Number of jobs advertised for professional roles Q3
2010:

Hong Kong Q3 2010 % change Singapore Q3 2010 % change
Jul Aug Sep Jul-Sep Jul Aug Sep Jul-Sep

Retail
Servicing/
Sales/
Business
Development 17,124 17,275 17,616 2.87% 17,125 17,260 16,684 -2.58%
Property
Management 2,061 2,108 2,456 19.17% 524 528 534 1.91%
Operation
(Product,
Logistics) 8,257 8,643 8,552 3.57% 7,627 7,209 6,639 -12.95%
Merchandising/
Purchasing 6,243 6,078 5,816 -6.84% 928 921 886 -4.53%
Lawyer/
Solicitor/
Barrister/
Compliance
Officer 1,954 1,889 1,940 -0.72% 859 838 801 -6.75%
IT Supervisor/
Manager/
Programmer/
Database
Administrator 7,726 7,494 7,981 3.30% 7,233 6,986 7,149 -1.16%
Human
Resources/
Training 685 520 580 -15.33% 4,566 4,743 4,590 0.53%
Engineer/
Surveyor/
Architect/
Technician 15,790 15,742 15,818 0.18% 13,035 12,044 11,922 -8.54%
Editor/
Reporter 310 264 244 -21.29% 38 47 41 7.89%
Customer
Service/
Account
Servicing 1,439 1,329 1,191 -17.23% 1,896 2,221 1,879 -0.90%
Consultant/
Analyst 203 156 168 -17.24% 373 334 326 -12.60%
Art/Design/
Creative 3,616 3,604 3,613 -0.08% 1,804 1,622 1,740 -3.55%
Advertising/
Marketing 8,516 8,282 8,332 -2.16% 3,926 3,727 3,735 -4.87%
Administration/
Clerical/
Secretarial 17,439 18,475 18,106 3.82% 8,956 9,830 9,330 4.18%
Accounting/
Finance 15,307 15,089 15,727 2.74% 11,465 11,454 11,119 -3.02%
Others 30,312 31,131 31,527 4.01% 10,025 9,114 9,006 -10.16%

Average -2.58% -3.57%

% %
Mainland China Q3 2010 change Japan Q3 2010 change

Jul- Jul-
Jul Aug Sep Sep Jul Aug Sep Sep

Retail
Servicing
/Sales
/Business
Develop-
ment 1,023,415 1,224,742 1,106,863 8.15% 55,069 46,147 40,219 -26.97%
Property
Manage-
ment 0 1 0 0% 46 49 38 17.39%
Operation
(Product,
Logistics) 416,315 453,388 450,836 8.29% 152 141 135 -11.18%
Merchandi-
sing/
Purchasing 31,414 35,732 33,476 6.56% 0 1 7 0%
Lawyer/
Solicitor/
Barrister/
Compliance
Officer 8,409 9,120 8,266 -1.70% 109 99 107 -1.83%
IT
Supervisor/
Manager/
Programmer/
Database
Administra-
tor 441,444 452,445 469,324 6.32% 6,029 4,278 4,837 -19.77%
Human
Resources/
Training 205,168 219,162 217,675 6.10% 130 146 167 28.46%
Engineer/
Surveyor/
Architect/
Technician 458,757 508,455 501,884 9.40% 25,258 21,516 18,883 -25.24%
Editor/
Reporter 80,178 87,602 87,737 9.43% 47 70 61 29.79%
Customer
Service/
Account
Servicing 53,480 58,986 56,753 6.12% 67 82 79 17.91%
Consultant
/Analyst 92,370 95,778 93,949 1.71% 1,576 1,474 1,369 -13.13%
Art/
Design/
Creative 57,009 61,426 58,059 1.84% 3,284 2,761 2,080 -36.66%
Advertising/
Marketing 362,343 354,026 376,737 3.97% 1,288 1,345 1,398 8.54%
Administra-
tion/
Clerical/
Secretarial 85,211 96,972 96,596 13.36% 6,755 6,252 6,115 -9.47%
Accounting
/Finance 232,431 247,636 236,206 1.62% 3,593 3,181 4,195 16.75%
Others 136,689 156,996 151,758 11.02% 102,571 96,977 90,884 -11.39%

Average 6.15% -4.77%

MARKET COMMENTARY

Q3’s job advertisement data confirms that the market has almost reached the levels experienced before the onset of the global downturn. Year-on-year growth has been very strong, with an overall increase of 72.3% in Q3 2010 over Q3 2009. However, the growth seen in the first half of 2010 was so strong that it was difficult for this momentum to be maintained, hence a sequential rise of only 12.7% in Q3 2010 as compared with the previous quarter.

Most sectors saw a healthy increase in job advertisements. Financial Services has been strong, and so, too, have been Retail, Engineering, Property and IT. July was the strongest month. The slight decrease in August and September could be attributed to holidays being taken in some territories and a natural pause in hiring as employers reviewed their annual headcount budgets.

There is a shortage of talent in many areas and there has been a pick up in hiring from overseas as a result. Bilingual candidates and those with specialist product skills and qualifications are commanding the highest salaries. The contract market is also seeing a resurgence, which reflects a tendency of both employers and candidates to focus mainly on the year-end and not beyond.

Mark Ellwood, Managing Director, Robert Walters Asia explains: “It’s looking very much like a V-shaped recovery in Asia, with very strong growth in the year to date indicative of a swift rebound from the downturn. Singapore and Hong Kong are now seeing a period of stabilisation as headcount budgets are reviewed, and this may lead to an increase in the number of contract workers hired for the fourth quarter. Mainland China looks likely to continue to grow and the outlook for the region is as favourable as it has been since the downturn began.”

The number of job advertisements placed in Q3 in Hong Kong increased by 3.8% over Q2, less of an increase than in the previous two quarters. While this suggests that employers may be consolidating their advertising spend, it disguises the fact that levels of recruitment activity in the region have continued to be very strong. Retail has seen an increase in advertising (+3%), reflecting the continued growth in consumer confidence and tourism. Exports, too, have been strong, and this is evident from the increase in demand for product and logistics managers (+4%). The property market is continuing to boom and there has been a significant increase in demand in advertising for property management professionals (+19%). Demand for legal staff remains strong, buoyed by an increasing number of IPOs, where corporate legal skills are a key requirement.

Matthew Bennett, Managing Director at Robert Walters Hong Kong, comments: “In the first part of the year, we found that candidates for revenue generating roles were in strong demand. This has been followed more recently by the recruitment of staff to support these professionals, as the local economy continues to grow. Skills shortages are increasingly apparent: employers are looking overseas to fill roles and in some cases, we have seen examples of salary rises of over 20%. There’s no doubt that employers want better qualified candidates than they had in place before the downturn and they are continuing to search for quality. We had thought that this might start to slow down in the second half of the year, but activity levels and confidence at this point remain strong.”

Conditions were similar in Singapore, where there was a 5.2% rise in job advertisements compared to Q2. The same trends seen in Q2 were again evident in Q3, albeit at a slightly reduced rate. Advertising levels were broadly similar in the Accounting and Finance where an increasing emphasis is being placed on candidates with governance expertise, in areas such as risk, compliance, audit and credit control. There has been an uplift in demand for Clerical and Administrative staff (+4.2%), as support was sought for positions that were filled earlier in the year. Candidates with specific product knowledge, for example in such areas as derivatives and, especially, commodities trading have been in strong demand. These are generally being sourced locally, as overseas candidates do not have the necessary skills. The resulting talent shortage is also being exacerbated by many graduates being encouraged to choose more traditional careers, such as law, accountancy or medicine. This is affecting salaries, with increases of up to 25% offered to some candidates.

Andrea Ross Managing Director, Robert Walters Singapore, comments: “This quarter, we have seen increased demand for candidates with very specific skills, which tend to be acquired locally for e.g. tax, financial planning and analysis, sales etc. Overseas candidates are generally those who are being internally transferred by large, global organisations where skills are limited on the ground. Many businesses are also using Singapore as a central hub for their Asian networks and this is creating demand across a number of sectors, notably digital media, biotech, renewable energy, pharmaceuticals and financial services. We are likely to see an increase in the number of contract roles being taken up due to the variety of roles currently out there in the market, as well as the opportunity to gain exposure to industries / functions that may not be available on the permanent side. The overall sentiment is positive — and for many candidates and companies, the focus is firmly on future growth.”

Mainland China was not able to maintain the very strong momentum in job advertising seen earlier in the year, but there was nevertheless a rise of 12.5% in job advertisements placed in Q3 compared to Q2. The holiday period in September also had some impact on advertisement numbers. This disguises the fact that recruitment activity was very strong in the quarter and the market continued its growth pattern. Strong rises in demand for Clerical and Administrative staff (+13.4%) were seen, a trend also witnessed in other territories, as support was needed for previous front-office hires. Retail also continued to increase (+8.2%), as mainland China passed South Korea to become the second largest luxury goods market in Asia, behind Japan. Chinese candidates who had gone overseas are now returning to roles in mainland China, as the skills and experience they have acquired while abroad are becoming increasingly relevant to the domestic market, especially at more senior levels. For very specialist positions, this could lead to salary increases of more than 30%, as a result of limited local candidate supply.

Carter Yang, Managing Director of Robert Walters China, comments: “We have seen strong growth in recruitment activity during Q3. Most sectors continue to seek high quality staff, notably Banking, Luxury Goods and Retail. The major areas of emphasis in terms of required skills are in sales and business development. There is also a shortage of experienced IT professionals. We expect these levels of demand to grow, especially at more senior levels, as businesses seek the leadership required to exploit the commercial opportunities arising from the growing economy in mainland China.”

Japan has seen the highest quarter-on-quarter rise in the region, with an overall increase of 27.8% in total number of job advertisements placed. July proved a particularly busy period, with every sector showing the highest level of advertisements placed per month since before the global downturn. There was some tailing off in August and September, which slightly distorts the July-September comparative figures. In Retail, this was mainly due to the hot weather in August and September, which delayed the start of winter collections. However, on a quarter-by-quarter basis, most sectors showed growth.

The largest area of growth in job advertisements was in Financial Services (+46.0% Q3 over Q2). There was also an increase in the number of jobs advertised in IT (+33.8%), as organisations accelerated the replacement of IT resources that were cut during the downturn. Engineering (+21.6%) saw strong demand for technicians with electrical, chemical and mechanical skills, driven by the automotive industry’s focus on fuel cells and other forms of alternative power. Advertisements for jobs in Retail also rose (+12.3%), as domestic confidence was bolstered by demand for Japanese goods from Chinese consumers. Property started to see increased hiring of asset managers and acquisition professionals, as some firms in this sector started to believe that inner city property prices may have reached their bottom and commercial activity increased as a result.

David Swan, Managing Director of Robert Walters Japan and Korea, comments: “The pick up in hiring that began earlier in the year gathered pace in Q3, with levels of activity at their highest since the start of the downturn. Most sectors saw increased demand for candidates, but the availability of top quality candidates remains limited, especially those with bilingual skills. A notable trend was the increasing amount of purchasing of Japanese luxury goods by Chinese consumers, on the basis that Japan produces quality. Looking forward, sentiment is becoming increasingly optimistic, though an element of caution still remains.”

NOTES FOR EDITORS

Robert Walters is the leading professional recruitment firm in the Asian market and currently has an office footprint covering Hong Kong, Singapore, mainland China, Japan, Malaysia, Thailand and South Korea.

METHODOLOGY

Robert Walters specialises in recruitment at a mid-senior executive level and is able to provide commentary on key trends across this segment of the market. The Robert Walters Asia Jobs Index tracks advertisements by number in the executive appointments sections of the following:

Hong Kong Singapore

Classified Post Straits Times (Daily)
Career Times (Friday Edition) http://www.jobstreet.com.sg
Fuel Magazine http://www.monster.com.sg
http://www.careertimes.com.hk http://www.jobscentral.com.sg
http://www.monster.com.hk http://www.jobsdb.com.sg
http://www.jobmarket.com.hk http://www.st701.com.sg
http://www.jobsdb.com.hk
http://www.classfiedpost.com
http://www.jobs.gov.hk/eng

Mainland China Japan

http://www.51job.com Asahi Shinbun
http://www.chinahr.com (Sunday & Monday morning edition)
http://www.zhaopin.com Nihon Keizai Shinbun
career.ceconline.com (Sunday morning edition)
http://www.jobchina.net rikunabi-next.yahoo.co.jp
doda.jp
http://www.daijob.com
http://www.indivision.jp
http://www.careercross.com/en

FOR MORE INFORMATION:

Robert Walters

Richard Parnell
CEO Asia Pacific (ex Japan)
Robert Walters Asia Pacific
Tel: +61-2-8289-3100

Mark Ellwood
Managing Director
Robert Walters Asia (ex. Japan)
Tel: +65-6228-0200

David Swan
Managing Director
Robert Walters Japan / Korea
Tel: +81-3-4570-1542

Matthew Bennett
Managing Director, Hong Kong
Tel: +852-2103-5300

Andrea Ross
Managing Director, Singapore
Tel: +65-6228-0200

Carter Yang
Managing Director, China
Tel: +86-12-5153-5858

For further information on the Asia Job Index or to subscribe for future releases, please visit the dedicated micro-site at http://www.asiajobindex.com

Media contact:

Mary Lai
Marketing Executive, Robert Walters Hong Kong
Tel: +852-2103-5319
Email: mary.lai@robertwalters.com.hk

SOURCE Robert Walters

Name of Printer:Finet Holdings Ltd.
Address of Printer:Room C, 11/F., Bank of East Asia Harbour View Centre, 56 Gloucester Road, Wanchai, Hong Kong

Written by asiafreshnews

November 5, 2010 at 5:09 pm

Posted in Uncategorized

Tagged with

Omnicom Group Agencies Scoop Top Awards at China International Advertising Festival

leave a comment »

 

BEIJING, Nov. 4, 2010 /PRNewswire-Asia/ — Omnicom Group’s (NYSE: OMC) BBDO, DDB and TBWA have clinched the Chinese advertising industry’s top awards for outstanding work in China, garnering the highest honors at the various award shows during the China International Advertising Festival in Nanchang.

This year’s 17th CIAF was held at the Nanchang International Conference and Convention Centre October 22-24. It was authorized by the State Administration of Industry and Commerce and hosted by the China Advertising Association. Vice Minister Liu Fan of the State Administration of Industry and Commerce, key industry leaders Mr. Li Dongsheng and Mr. Li Guoquing from China Advertising Association, and Mr. Alan Rutherford, Chairman of the International Advertising Association, attended the grand opening ceremony.

The event reflects China’s rapidly developing advertising industry and its increasing importance in meeting the growing demands of the Chinese consumer market. Officials at the event acknowledged the key role the advertising industry plays in China’s economic development goals and its advancement of society.

At the China Effies, DDB won the Gold and Best Media awards for McDonald’s Winning the Wings Battle campaign. DDB received a Silver for the Ministry of Commerce’s Made with China campaign, and scooped up three Bronzes: for Shanghai Volkswagen-Tiguan’s pre-launch and launch campaign, Lipton’s Milk Tea Chinese New Year campaign for Unilever, and Neutrogena’s Hydration launch for Johnson & Johnson. BBDO secured a Silver for Mountain Dew, and TBWA walked away with a Bronze for McDonald’s Brand Spirit project.

At the Great Wall Awards, DDB won two Golds: one for Volkswagen and one for ING; three Silvers: for Miiow, Gateway Computers and Philips Expo; and four Bronzes, winning for Getac Rugget Notebook, Acer, Gatorade and SVW-Tiguan. BBDO clinched three Silvers, taking awards for Pepsi Mini Space, Braun Chinese Garden and Anlene Home Storage. TBWA Beijing won three Silvers for Expo on QQ — Beijing, Suzhou and Hong Kong. The Great Wall Awards recognize outstanding work published in different media and is one of the most coveted advertising awards in China.

DDB won the Cannes Gold Lion earlier this year in the Outdoor category for Green Pedestrian Crossing, China’s second ever Gold Lion. The work received another Gold in the Outdoor category at the recent Yellow River Awards where DDB also won Gold for Open Me while BBDO took the Silver and Brand Awards for the China Doll campaign. DDB again struck both Gold and Silver at the China Automobile Advertising Awards for Open Me and Dog’s Tale, and took a Silver for Volkswagen’s Vico-Scirocco — Racing Track.

About CIAF Nanchang 2010

The China International Advertising Festival (CIAF), held annually in different locations in China, is the most authoritative and influential advertising industry event in China. This year, the event attracted 88,000 visitors from advertising and media industries globally.

Widely acknowledged as the pinnacle event of China’s advertising industry, it consists of professional competitions, media and equipment exhibitions, business communications and summits. The CIAF is valued as an efficient business platform for advertisers, agencies and media promoting exchanges between domestic and international advertising industries.

Nanchang is known as a university city and the capital of Jiangxi province in southeastern China. It is also a famous historical and cultural site and was chosen as this year’s CIAF venue to host the large-scale national event.

About Omnicom Group Inc.

Omnicom Group Inc. (NYSE: OMC) is a leading global marketing and communications company. Omnicom’s branded networks and numerous specialty firms provide advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations and other specialty communications services to over 5,000 clients in more than 100 countries.

For further information on Omnicom and its brands, please visit http://www.omnicomgroup.com.

SOURCE Omnicom Group Inc.

Written by asiafreshnews

November 5, 2010 at 10:39 am

Posted in Business & Finance

Grant Thornton Announces New Member Firm in Hong Kong

leave a comment »

HONG KONG, Nov. 4, 2010 /PRNewswire-Asia/ — Grant Thornton has announced the appointment of a new member firm in Hong Kong. The new practice, set up by Grant Thornton China, will begin trading as Jingdu Tianhua Hong Kong but will adopt the name “Grant Thornton” in due course. The new firm will be led by Daniel Lin, an established and highly regarded member of the accounting profession in Hong Kong.

The firm’s initial focus will be on the delivery of assurance and taxation services with SEC and IFRS capabilities. There are also short term plans to develop international tax and transfer pricing services, transaction advisory and business risk services. Further growth through merger and acquisition is also under active consideration. The firm is in the process of registering with the PCAOB.

The new firm plans to have a staff of over 100 people within 12 months. Significantly, it will be fully integrated with Grant Thornton China and be part of a network of 10 offices providing seamless access to 65 partners and over 1,500 professionals across mainland China and Hong Kong.

Ed Nusbaum, chief executive officer of Grant Thornton International explains, “Grant Thornton has long been committed to a strategy of an integrated approach to serving clients across the China market, including Hong Kong. This appointment of Jingdu Tianhua Hong Kong is a vital step in that strategy and our member firms, now over 100 in number, look forward to working with their new colleagues in Hong Kong.”

Any and all references to Grant Thornton are to Grant Thornton International Ltd. (Grant Thornton International) or its member firms.

Grant Thornton International is one of the world’s leading organisations of independently owned and managed accounting and consulting firms. These firms provide assurance, tax and advisory services to privately held businesses and public interest entities. Services are delivered independently by the member firms within Grant Thornton International, a non-practising, international umbrella entity organised as a private company limited by guarantee incorporated in England and Wales. Grant Thornton International does not deliver services in its own name or otherwise. Grant Thornton International and the member firms are not a worldwide partnership.

For more information, please visit our website: http://www.gti.org/

Media contact:

Christine Hobart
International communications manager
Tel:   +44-207-391-9548
Email: christine.hobart@uk.gt.com

SOURCE Grant Thornton International Ltd.

Written by asiafreshnews

November 5, 2010 at 9:49 am

Posted in Business & Finance