In this week’s Week End Roundup: Australia’s investment banking sector on a hiring spree; Indian employers are reporting the strongest hiring plans globally; and due to the recession foreign-born professionals are retreating back to their home countries.
Bankers' Mega-Pay `Must Be Earned' Says Craig Drummond (The Australian)
Majority of investment banks in Australia have embarked upon a hiring spree over the past three months, after sacking hundreds during the crisis late last year.
Indian Employers Most Optimistic About Hiring Staff (Financial Express, India)
As per the global Manpower Employment Outlook Survey results, job seekers across most of the Asia-Pacific region should start the new year with employment opportunities similar to those seen prior to the global downturn. Significantly, Indian employers are reporting the strongest hiring plans globally. Meanwhile, employment prospects in America remain muted, but have generally improved over the past three months.
With Fewer U.S. Opportunities, Home Looks Appealing to Expats (Wall Street Journal)
With unemployment at 10% and prospects for finding work bleak, foreign-born professionals who came to the United States in search of better job opportunities and prosperity are now retreating. Foreign-based companies, particularly in Asia, are using the employment picture in the U.S. as a means to lure former residents home.
Slowly But Surely, North American Economy Prepares to Fly Solo (The Globe and Mail)
The central banks of Canada and the U.S. both noted for the first time that a job market crushed by the recession is finally beginning to turn. Improving labor trends and slowly improving economic growth show the aftershocks of the recession are beginning to recede.
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