Rushit Shah

Navigating Asia's complex business landscape? We've got the leaders you need. CFR Global Executive Search

3

🌍 Expanding Globally? Let us handle your screening needs! With the rise in global workforce mobility, hiring internationally is becoming more common. We're here to help navigate the complexities of overseas recruitment and ensure your candidates meet job-specific requirements. 💼 Worldwide Expertise: From North America to APAC and EMEA, our experienced team specialise in international background checks. We'll tailor a global screening programme to fit your business needs. 🌐 Understanding Local Nuances: Information availability and legal requirements vary by region. With our multi-lingual team's unique understanding of local cultures and practices, we ensure thorough international verifications. Let CV Insight be your trusted partner in global screening. Contact us today to get started. #HRScreenings #BackgroundChecks #PreEmploymentScreening #HiringProcesses #GlobalHiring

2

Here’s an update on the HR market in Asia for Q3 2024 Q3 has seen a rise in HR hiring among large MNCs, driven by increased market confidence. However, while companies are pushing for more office presence, often up to four days a week, candidates continue to prioritize flexibility, leading to a growing disconnect in the market. Key Trends There is increasing interest in AI among HR Directors, though adoption rates remain low. HR leaders are looking for successful case studies to justify investments in automation, process improvement, and cost reduction, with a focus on securing increased budget allocations for 2025. Additionally, there has been a heightened focus on reskilling and upskilling the existing workforce. Companies Hiring Q3 2024 has seen increased hiring confidence across both start ups and MNCs, with the largest increase in recruitment coming from large MNCs. This uptick reflects stabilising market conditions and renewed investment in Asia. Industries Hiring Most industries have seen an increase in hiring, with investment management, technology, healthcare, and transportation leading the way. In contrast, sectors like manufacturing, biotechnology, and construction have experienced more subdued hiring activity. Meanwhile, consumer goods, professional services, and hospitality have all shown notable growth in recruitment. In-Demand HR Roles The demand for mid-level HR Business Partners and HR Managers, which began rising in Q2, has accelerated in Q3. Companies are reinvesting in talent acquisition teams to support this growth. While attrition rates among HR Directors remain low, new HR Director roles are emerging, reflecting the growing emphasis on strategic HR leadership. Conclusion In Q3 the HR market in Asia there has been a notable increase in hiring demand, particularly among large multinational corporations, signalling that market conditions are becoming more stable and optimistic. However, despite this uptick, many employers still perceive the current landscape as an "employer's market. This mindset has led to longer and more drawn out recruitment processes as companies take a more cautious and selective approach when filling roles. While this cautiousness might stem from lingering uncertainty about economic recovery or fears of over hiring, it can inadvertently cause delays in securing top talent. In a market where the best HR candidates are often fielding multiple offers, companies that take too long to make decisions risk losing these high performing individuals to competitors. You can get more insights on specific positions in the article below

13

2 Comments

The benefits of Recruitment Process Outsourcing (RPO) are vast and impactful. Organizations can reduce recruitment costs by streamlining processes and minimizing turnover rates. RPO offers scalable #recruiting capacity that adjusts to changing hiring demands. Additionally, it provides compliance support to navigate complex regulations throughout recruitment processes. Companies can benefit from access to state-of-the-art technology and advanced #recruitment tools, leading to higher quality talent being sourced by specialized RPO providers. Moreover, RPO solutions are flexible and tailored to meet specific business needs, offering diverse talent pipelines for access to a wide pool of candidates #digitalrpo #digital #technology #artificialIntelligence #management #strategy #growth #humanresources #hiring #jobs #careers #gccjobs #employerbranding #creativity #talentacquisition #India #staffing #manufacturing #bfsi #fintech #pharma #lifesciences #talentcommunity #nlbservices

92

2 Comments

In APAC, organisations are moving beyond traditional talent sourcing methods and embracing outsourcing to bridge talent gap. Resource Augmentation offers a straightforward alternative to full-scale RPO. It's ideal for any company size, providing access to unparalleled talent acquisition expertise. Ready to adapt and excel in your recruitment strategy? Tap into our resources now and position your company for success. #Talent #TalentAcquisition #HumanResources #HR #Hiring #Recruitment #Staffing #India #APAC

4

Unlock Top Talent with PureChase. Are you struggling to find the right leaders to drive your business forward? Look no further, At PureChase, we specialize in connecting companies with exceptional executive talents only into CHEMICAL INDUSTRY for globe. Why Choose Us? 🔹 Industry Expertise : With deep Chemical, Personal care, Food Ingredient & Pharma industry knowledge and a vast network, we understand your specific needs. 🔹 Tailored Searches: We provide customized executive search solutions to ensure the perfect fit for your organization in minimal filtered profiles. 🔹 Proven Track Record: Our successful placements speak for themselves. We've helped numerous chemicals companies secure top executives who lead with impact. 🔹 Confidentiality Assured: We maintain the highest standards of confidentiality and professionalism throughout the search process. Get in Touch, Let us help you find the leaders who will drive your success. Connect with us today to discuss how we can assist with your executive search needs. Contact Us: 📧 Email: [email protected] 🌐 Website: www.purechase.com PureChase India – Your Partner in Executive Success #chemical #chemicalindustry #food #personalcare #pharma #chemicals #recruitment #hiring #purechase #talentaquisition #placement #consultant #placementconsultant #hr #humanresource #talentpatner #executivesearch #construtionchemical #polymer #coating #plastic #coatings

30

In APAC, organisations are moving beyond traditional talent sourcing methods and embracing outsourcing to bridge talent gap. Resource Augmentation offers a straightforward alternative to full-scale RPO. It's ideal for any company size, providing access to unparalleled talent acquisition expertise. Ready to adapt and excel in your recruitment strategy? Tap into our resources now and position your company for success. #Talent #TalentAcquisition #HumanResources #HR #Hiring #Recruitment #Staffing #India #APAC

2

Recruitment Market Update: Mid-Q2 2024 for APAC and MENA APAC Region: Stability and Growth Market Overview: Post-Q1, stability and growth were evident in Asia. Q2 seems back to cautious ways. Strong hiring in PR and communications for us compared to last year. The digitech sector is gaining momentum, but slowly. Advertising and creative sectors remain flat. Market Sentiment: Businesses are more positive than in 2023 but still cautious. Upcoming elections in Singapore add to the uncertainty. Despite talks of recovery, the Chinese economy shows signs of stuttering. Recruitment Dynamics: Nervous markets mean cautious clients and slower hiring processes. Salaries are being debated and challenged more than usual. Active hiring is happening, but it’s not booming; jobs aren’t pouring in. To secure roles, build trust and leverage multiple tools to find clients with a growth mindset. Key Strategies for Us: Focus on building strong relationships. Produce relevant content and discuss market trends. Be a guide to clients and candidates, ensuring long-term success. Leverage our experience and resilience to navigate these conditions. MENA Region: Positive Yet Challenging Market Sentiment: The MENA market remains very positive, driven by government initiatives. Big projects are being announced across the GCC, particularly in Saudi. Dubai still has an influx of people coming in; anyone driving will tell you that. Abu Dhabi was very good to us in Q1. Much like APAC, for MENA most placements were in PR and communications, with Digitech improving. Advertising and creative sectors remain as last year. Recruitment Dynamics: The market is heavily client-driven. Competition for jobs is fierce, with regional experience winning the day in most cases. Increasing competition as more businesses open daily, driving down prices and squeezing margins for many. The region has a reputation for late payments, impacting cash flow for SMEs, which for us can delay hiring as clients are cautious about when they will get paid. A trend we continue to see is that hiring in Abu Dhabi, Qatar, and KSA is mostly for locals, with a limited supply of quality, experienced talent making it very candidate-driven in this area. KSA hiring is in high demand, but processes tend to be very lengthy. Key Strategies We Will Adopt: We launched in KSA and need to hire for that market. We understand and have been adapting our searches to local hiring preferences. We maintain a positive outlook and adapt to familiar challenges; this isn’t our first rodeo, so many of the market moves are those we have seen before. Continue to build strong relationships and stay resilient to navigate the tough aspects of recruiting in the region. Keep hosting events, producing content, and providing market intel. MCG Talent Adam Michael Toctan Sarah Doherty Charlie Bowsher #Recruitment #MarketUpdate #APAC #MENA #HiringTrends #RecruitmentStrategy #GrowthMindset

81

16 Comments

India led the Asia-Pacific region in merger and acquisition deals in Q1 2024, closing 27 deals compared to 13 in Japan and 12 in Australia, according to S&P Global Market Intelligence. This marks a slight increase from the previous year, bucking the regional trend of declining deal volumes. Key deals included Sumitomo Mitsui Financial Group’s $700 million acquisition of SMFG India Credit and Piramal’s acquisition of Annapurna Finance. Read more in this article: https://bit.ly/4bx5FGj #MergersAndAcquisitions #India #SPGlobal #BusinessNews

5

In Japan, the job market is evolving with companies offering various contract types beyond the traditional full-time employee setup. Understanding these differences is crucial in recruitment to provide candidates with the best options available. For those looking to explore the recruitment industry in Japan or seeking to expand their knowledge, we have curated a glossary of terms, including videos and other content, to help you navigate the sector effectively. Take the first step towards unlocking new opportunities in the dynamic recruitment landscape of Japan. https://lnkd.in/gT9qtNCe #Japan #RecruitmentIndustry #CareerGrowth #EmploymentContracts

14

Been in recruitment, I have seen various cycles of disruption. From the advent of LinkedIn to the recent surge of AI. Despite these technological advancements, success has always hinged on adopting and mastering new technologies while understanding that personal relationships and face-to-face interactions make the real difference. "This is an interesting article on AI in HR," Hopp declared. "As AI levels the technological playing field, human skills will become the key differentiator." It is essential for HR professionals to embrace AI to automate tasks, streamline processes, and enhance efficiency. However, it’s the human touch that builds trust, fosters genuine connections, and ultimately drives successful outcomes. Had success implementing AI in HR while getting closer to the business? Let me know below ⬇️ ♻️ Repost this to your HR network https://lnkd.in/gpZ4jBzE

9

According to recent reports, Japan is experiencing a surge in labor shortage-induced bankruptcies, with 163 companies collapsing in the first half of 2024. SMEs in a range of industries, are struggling to recruit and retain team members amidst stringent regulations and intense talent competition. In APAC and global teams, how is your experience of hiring in Japan? How do you secure the necessary talent for growth? Reach out to us to discover more about how we can support your hiring needs in Japan. #Japan #TalentShortage #Hiring #APAC #JapanBusiness FocusCore Japan Dr. David Sweet David Chong Simon Jelfs Lisa Yasuda Thomas Bangert Ed Chynoweth Jack Stone Jamieson Paling

13

Perennial HR Q1 HR Market Update for APAC "There is a notable shift towards investing in advanced HR technologies to enhance efficiency and improve the employee experience. Significant investments are being made in AI and automation, which are transforming recruitment, employee engagement, and performance management. This technological integration is prompting a re evaluation of HR operating models. Large MNCs with a HR BP, CEO and shared services model are exploring relocating HR operations to lower-cost countries like India, Malaysia, and the Philippines, while mid-sized businesses with a HR generalist and CEO models are distinguishing mid-level HR Business Partner roles from operational roles to boost focus on HR Business Partnering, leading to stable or increased hiring in this area."  Click on the link for the the full report https://lnkd.in/ga3XG_Rs #HRTrends #HiringTrends #Recruitment #HumanResources

12

3 Comments

Honored to have contributed to this insightful report on the rapidly changing executive search landscape in APAC! 🌏 The dynamic growth in the region, particularly in Japan, presents both challenges and opportunities for finding specialized leadership talent. Excited to collaborate with my colleagues across the region to help businesses navigate these evolving markets. Looking forward to the discussions this report will spark! #ExecutiveSearch #Leadership #APAC #Japan #DigitalTransformation #HortonInternational

7

The APAC executive search market is undergoing a major transformation. One trend that particularly interests me is that this economic transformation demands leadership with strong strategic, digital, and adaptive skills to navigate the complexities of a fast-evolving landscape. I have shared my detailed insights in this report. Do have a look at it.

2

Strategic Partnership Over Compliance: A Case Study in Effective Headhunting大乙方靠专业,小乙方靠跪舔客户 Several years ago, while leading overseas recruitment at S.F International, I was tasked with finding a business head for our franchise project in Japan. Due to the urgency, we engaged headhunters immediately. One vendor, ABC Recruiter, initially stood out during our selection process. When I inquired if the candidate could be under 35, the representative diligently noted it and confirmed it was possible. He responded similarly when I asked if the candidate should come from a local tier-one logistics company with franchise experience and when I mentioned the requirement for the candidate to report in Mandarin. Finally, I asked about the market distribution of such talent, and he continued to take notes, affirming each point. This unwavering compliance without any critical feedback made me uneasy, leading me to decide against collaborating with them. Despite ABC Recruiter's unconditional compliance—a trait favored by many Chinese clients—this approach concerned me. My questions and suggestions were treated as directives. We engage headhunters precisely because we lack expertise in new markets and specific roles; thus, the chosen headhunters should possess market insight and significantly outperform us. If their response to every request is compliance without critical thinking, it undermines my trust in them. I feared they might blindly follow my directives, ultimately failing to deliver results and potentially blaming me for any shortcomings. Subsequently, I engaged with CZF Search. When I specified the age and industry experience requirements, their response was reassuringly comprehensive. They detailed the typical age range for candidates who meet our maturity criteria and clarified that the logistics industry in Japan, unlike in China, does not operate on a franchise model. They proposed two types of candidates, outlining the profiles, advantages, and disadvantages of each. Drawing from their expertise, they recommended the second type as more aligned with our company’s current developmental stage and the CEO's communication style. Our discussions with CZF Search were thorough and confidence-inspiring, leading to the CEO adopting their recommendation. We interviewed three candidates they suggested and extended an offer to one of them. This experience highlights the critical value of strategic partnerships over simple compliance in professional services such as headhunting. Through meaningful dialogue, insightful market analysis, and tailored recommendations, CZF Search demonstrated how headhunters can significantly enhance the recruitment process. Therefore, selecting partners who bring strategic value rather than mere compliance is essential for achieving long-term success.

5

What do you prioritize: hard skills or soft skills? While it often depends on the job specifics, in Japan’s client-short market, it’s crucial for leadership to distinguish between essential skills and those that can be developed. Investing in training can build a stronger, more resilient organization. Thoughts?

5

1 Comment