Hiring skilled temporary staff is easiest in Asia Pacific, finds survey
Author: PM editorial | Date: 20 Jul 2016
Workforce productivity and a stable geopolitical situation work in region’s favour
Hiring skilled temporary staff is easier in Asia Pacific (APAC) than the rest of the world, according to Manpower Group Solutions’ Contingent Workforce Index.
The study considered availability, cost, efficiency, regulation and productivity when hiring and retaining temporary staff in 75 countries. The APAC region scored higher on average than the Americas and EMEA (Europe, Middle East and Africa).
New Zealand was the overall winner for the second year in a row, with Singapore, the Philippines and Hong Kong coming second, third and tenth respectively.
“Employers are feeling the talent shortage. Availability of contingent workers, as well as skilled labour, is gaining prominence,” said Kate Donovan, senior vice president of Manpower Group Solutions. “As a result, we have seen countries like China and India re-emerge into the top ten markets for availability of talent.”
Singapore moved up from sixth in 2015 to second this year because of the high productivity and availability of its contingent workforce. It was described as a “leader in specific productivity measures, with relatively few annual leave days and holidays, and a standard working week longer than most countries in the region.”
The report concluded that Singapore also benefits from especially favourable geopolitical factors, such as: the relative ease of doing business; its position on the global peace index, a lack of terrorism; and a relative lack of government corruption. All of these substantially reduce the risk of hiring large numbers of temporary staff.
The Philippines came top for cost efficiency (a relative comparison of basic wage, benefits and tax). The report said the country was “within the top four countries in the region for minimum wage, average wage and manufacturing wages […] although the cost of doing business is the highest in the region.”
Hong Kong scored highly on workforce regulation because it has few contract restrictions, no severance pay and an average notice period of 4.3 weeks. It also did well in the workforce productivity category because there are no annual limits on the number of overtime hours an employee can work.