0%
systems, will have significant transition the economy from conclusion
The document provides an overview of workforce trends in key Asia Pacific countries. It notes that while the region faces pressures such as an aging population and vulnerable employment, the overall unemployment rate is projected to decline to 7% by 2013. The region is home to over 4.2 billion people, with China and India representing 40% of the global population. Both countries present major opportunities for economic and workforce growth due to their large working age populations. Skills shortages are an ongoing challenge across the region as employment remains high. All eyes are on how China and India address issues like education and training to support continued productivity and expansion.
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Asian Talent Market Update 2012
1. APAC Talent Market Update
population, employment, wage and labour legislation
trends in five key countries in the Asia-Pacific region:
Australia, China, India, Japan and New Zealand
2012/2013
2. workforce Trends in APAC
Training, Mobility wage growth forecast – 2012 estimate Median Age
With a projected region-wide unemployment level of just 7% by 2013,
and Flexibility the labour market outlook has shown resilience to global upheaval.
APAC’s ongoing prosperity and
development will depend somewhat 12%
on specific and deliberate responses
45 38 37 36 26
Japan Australia new china india
to growing demand for skills, Average age is zealand The median Approximately
experience and flexible labour across the second age is above one-third is
the region. As with other markets oldest in the world below the age
the world. average of 28, of 15 and only
around the world, the focus must with declines 5% are over 65.
be on equipping the workforce with in the working
10%
age population
the right skills, and this presents
expected
significant challenges for developing by 2016.
countries with large populations.
4.2 billion people live
8% in the apac region,
more than half of the world’s
estimated 6.9 billion people.
6%
4%
By 2014, it’s The Australian
estimated China’s Government is seeking
surplus labour supply a 60% increase in
will dry up, prompting skilled immigrants
hikes in wages, costs under the Regional
and inflation. India represents Sponsored Migration
the single largest Scheme.
Together, India pool of young,
2% and China represent potentially skilled
e
40%
ea
ag
labour in the world.
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es
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APAC
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Au
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Ph
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3. APAC Talent Market Update
contents
4 Introduction
5 APAC Economic Outlook
Growth, recovery and ongoing pressures
7 Population, labour market and wage trends
It’s the world’s most populous region
Employment holds steady in the face of numerous challenges
High employment will compound skills shortages
All eyes turn to China and India
APAC workers can expect higher salaries
13 industry outlook
Biotech, Contruction and Energy among the growth industries
15 Growth industries by country
Australia / China / Hong Kong / India / Japan / New Zealand
21 Legislative update
Governments take steps to combat talent shortages
23 Country summaries
Australia / China / Hong Kong / India / Indonesia / Japan / Malaysia / New Zealand / Singapore
29 conclusion
30 about us
3
4. APAC Talent Market Update / Introduction
Introduction
APAC Economic
Outlook
what can we expect from APAC in 2013?
population,
labour &
wage trends
industry outlook
Emerging markets are playing an increasingly important role in the global economy.
growth
As the world’s most populous region, Asia-Pacific is central to this shift. industries by
country
legislative update
Economic uncertainty is India may still have one to skilled migration, as on major legislative changes,
having its impact here, as it is of the highest official well as supporting growth population and demographic Country
summaries
everywhere, yet the business unemployment rates in industries and shoring up profiles, as well as our Dhirendra
Shantilal
and labour market outlook the region, but it also consumer and business insights into the overall conclusion
for Asia is now the exception presents one of the biggest confidence. Cash reserves labour market.
about us
to a seemingly global rule. opportunities for the are relatively high and
All eyes are on what happens
region, with a young and debt is moderate by world
Some industries in the next in Asia. In this report,
well-positioned workforce. standards, so the region
region’s developed we hope to give you a small
China continues to dominate overall occupies an
economies (particularly insight into just what that
the economic landscape, enviable position to absorb
manufacturing and other might look like.
yet the impact of growth is further instability.
primary industries) are
now being felt much further
seeing long-term declines. In this report, we examine
afield, and investments in
Yet, the over-riding theme the trends and indicators that Dhirendra Shantilal
education across Asia are
is one of growing demand are shaping the economic SVP Kelly Services Asia Pacific
reaping rewards.
for technical skills, and a and labour market outlook
higher proportion of skilled Legislative trends continue for the Asia-Pacific region
employees across the Asian to focus on up-skilling labour over the next two to three
working population. forces and reducing barriers years. We provide updates
4
5. APAC Talent Market Update / APAC Economic Outlook
Introduction
APAC Economic
Outlook
Growth, recovery
and ongoing
pressures
population,
labour &
wage trends
industry outlook
growth
industries by
APAC Economic Outlook
country
legislative update
Country
summaries
conclusion
about us
5
6. APAC Talent Market Update / APAC Economic Outlook
Introduction
APAC Economic
Outlook
Growth, recovery and ongoing pressures Growth, recovery
and ongoing
pressures
population,
labour &
wage trends
Despite Northern Asia’s
current economic dominance Growth & recovery Pressures industry outlook
in APAC, Southern Asia’s Å With a projected region- Å Despite an ageing Å It is estimated that around Å Global financial
growth
more favourable demographic wide unemployment level working population across half of the region’s workers uncertainty could continue industries by
country
profile offers a clear long-term of just 7% by 2013, the the region, India presents (50.8 %) are in ‘vulnerable to negatively impact
economic opportunity within labour market outlook has the single largest pool employment’. Although recruitment. legislative update
the region. shown resilience to global of young, potentially employment statistics have
Country
Å Japan’s average age is
upheaval. Several countries skilled labour in the world. held steady throughout summaries
With wage growth and skilled now approaching 45 (the
saw their unemployment Approximately one-third of global recession fears, it conclusion
labour shortages in some second oldest in the world)
peak earlier, and at lower India’s population are below is likely that many workers
markets, growth will depend and China’s population about us
levels, than expected. the age of 15 and only 5% affected by the crisis have
upon flexibility and mobility policies have pushed the
are over 65, implying a falling sought alternate forms of
of workforces, as well as the median age above the world
dependency ratio and a employment, perhaps in the
timely action of governments average, with declines in
significant increase in the informal economy.
and corporates to stem the working age population
working population.
productivity constraints. expected by 2016.
6
7. APAC Talent Market Update / Population, Labour & Wage Trends
Introduction
APAC Economic
Outlook
population,
labour &
wage trends
World’s most
populous region
Employment
holds steady
Skills shortages
Population, Labour
China and India
Higher salaries
industry outlook
& Wage Trends
growth
industries by
country
legislative update
Country
summaries
conclusion
about us
7
8. APAC Talent Market Update / Population, Labour & Wage Trends
Introduction
APAC Economic
Outlook
It’s the world’s most populous region
population,
labour &
wage trends
World’s most
populous region
The APAC region is home the age of 15 and only 5% median age by country: 2011 Employment
holds steady
to more than 4.2 billion are over 65, implying a
50 Skills shortages
people. It accounts for more steady rise in the working-
China and India
than half of the world’s age population and a falling
Higher salaries
estimated 6.9 billion people,
EMEA dependency ratio (proportion 40
1.4%
including 6 of the 10 highest of non-working population to industry outlook
population countries: China, EUROPE
CENTRAL/EASTERN working population).
30 growth
0.2%
India, Indonesia, Pakistan, industries by
WESTERN EUROPE In contrast, Japan’s average country
Bangladesh, and Japan.0.2%
age is now approaching 45 20 legislative update
NORDICS
China and India together 0.4%
(the second oldest in the
Country
represent almost 40% of the
IRELAND/UK
world) and China’s policies to summaries
10
world’s population, more than control population growth in
0.7%
conclusion
the population of the next 20 the 1970s have pushed the
MIDDLE EAST & AFRICA
largest countries combined. median age above the world 0 about us
Japan Australia New Zealand China World India
average, with declines in
Approximately one-third of the working age population
India’s population are below expected by 2016.
8
9. 6%
APAC Talent Market Update / Population, Labour & Wage Trends
4%
2%
Introduction
0%
China Hong Kong Japan South Korea India Indonesia Malaysia Philippines Singapore Thailand New Zealand Australia
APAC Economic
Outlook
Employment holds steady in the face of numerous challenges
population,
labour &
wage trends
World’s most
populous region
Labour markets are clearly unemployment rate: 2009–2013 Employment
holds steady
on the mend, and in several
10% Skills shortages
countries unemployment
2009
China and India
has peaked earlier and at 8% 2011
Higher salaries
lower levels than predicted. 2013
Unemployment across APAC 6% industry outlook
is forecast to continue its
4% growth
gradual downward trend, industries by
country
approaching 7% by 2013. 2%
legislative update
0%
Asia Pacific Northern Asia Southern Asia Pacific (Oceania) Country
summaries
10 conclusion
2009
estimated unemployment rate: 2012
8 about us
2011
10% 2013
6
8%
4
6%
2
4%
0
Asia Pacific Northern Asia Southern Asia Pacific (Oceania)
2%
Sources: Global Insight; Forbes.com; Xinhau
News Agency; China’s Big Unemployment 0%
Problem—Marketplace From American China Hong Kong Japan South Korea India Indonesia Malaysia Philippines Singapore Thailand New Zealand Australia
Public Media
9
10. APAC Talent Market Update / Population, Labour & Wage Trends
Introduction
APAC Economic
Outlook
High employment will compound skills shortages
population,
labour &
wage trends
World’s most
populous region
Å China created 12 Å India’s unemployment Å In Australia, forward- Å Japan’s disasters caused Å New Zealand’s Employment
holds steady
million new jobs in 2011, rates remain relatively high looking indicators point to unemployment to spike employment growth will be
Skills shortages
and maintained its 4.1% due in part to their highly a softening in the labour above 5% in early 2011, significantly limited by skill
China and India
unemployment rate, yet this restrictive labour laws, market, with unemployment then level off at 4.6 per shortages in the construction
Higher salaries
rate reflects urban registered but the strong economic inching back up to 5.2% in cent. As the recovery effort and engineering sectors
workers only and does outlook is forecast to push early 2012, but expected to accelerates, the lag between where labour demand industry outlook
not take into account the unemployment rate below fall to just 4.5% by 2016 as growth and hiring means that has skyrocketed due to growth
large numbers of migrant 9% by 2016, its lowest level demand for skilled workers the jobless rate will see little earthquakes in Christchurch. industries by
country
workers. The government in more than a decade. remains strong. Rebuilding improvement until late 2012/ Employment growth for 2011
plans to include migrant A growing number of efforts following the early 2013. Sectors such as was a weak 1.1 per cent. legislative update
workers in their statistics this private employers believe Queensland flooding and a construction and healthcare Country
year, hence an increase is the lack of skilled talent booming mining sector are are showing the greatest job summaries
likely. The quality of China’s will limit their growth contributing to Australia’s gains, while manufacturing conclusion
higher education system performance this year, but current skills shortages. employment continues
about us
remains a challenge as an are cautiously optimistic Employment growth was to drop. The forecast for
estimated 30% of this year’s in their hiring plans. reported at 0.9% over 2011, 2012 shows the strongest
6 million college graduates but is forecast to be stronger hiring plans since the third
have failed to find work. (2%+) through 2012. quarter of 2008. However,
Japanese companies are
also reporting the greatest
global hiring challenges,
with 4 out of 5 employers
finding it difficult to hire
workers with the right skills.
10
11. APAC Talent Market Update / Population, Labour & Wage Trends
Introduction
APAC Economic
Outlook
All eyes turn to China and India
population,
labour &
wage trends
World’s most
populous region
With many markets Å India’s economy remains difficulty filling jobs by country (% of employers) Employment
holds steady
experiencing labour driven by the service
100% Skills shortages
shortages, the growth sector, but investments 2011
China and India
and economic expansion in infrastructure and 2010
80% Higher salaries
in both China and India agriculture productivity
are being watched with systems are expected to industry outlook
particular interest. lift the country’s share of 60%
growth
manufacturing output over industries by
The way in which both of country
the coming decade. 40%
these economies overcome legislative update
productivity constraints, such Å China’s five-year plan 20%
Country
as education and training includes investments to help summaries
requirements, remain major the service sector surpass 0%
conclusion
issues for the region. the industry sector as the Japan India Australia APAC New Zealand Singapore Hong Kong World China
largest contributor to GDP about us
The future labour forces of
by 2015 as it strives to move
the world’s most populous
up the economic value-
countries will likely
chain. The government will
include a more balanced
continue proactive policies
make-up of industry and
to boost employment in
100%
service-based sectors. 2011
2012; jobs for new college Sources: IHS Global Insight; Global Employment Trends, ILO, (1/11); ANZ Australian Economic Toolbox (11/10); Manpower Employment
2010
Outlook Survey (6/11); Manpower Talent Shortage Survey (5/11) India Ministry and Labour & Employment (9/10); Japan Statistics Bureau
graduates and encouraging
80% (4/11); India needs more reforms to attain balanced growth: economist—China Economic.net (5/11); China may develop service economy
in 5 years—People’s Daily (10/10); Talent Shortage Adds to Growth Strains—Financial Times (5/11); Quake Exposes Skill Shortages—stuff.
small business creation co.nz (3/11); New Zealand Faces Crisis in Skills Shortage—Scoop News (4/11); Australian Mining Sector Struggles with Skills Shortage– The
Emigration Group Ltd. (5/11); ManpowerGroup’s Global Hiring Confidence Index for Q1 2012 Reveals Employers in 30 of 41 Countries and
are key60%
priorities. Territories Surveyed Set to Slow Hiring from Fourth Quarter 2011. (12/11)
40%
11
12. APAC Talent Market Update / Population, Labour & Wage Trends
Introduction
APAC Economic
Outlook
APAC workers can expect higher salaries
population,
labour &
wage trends
World’s most
populous region
Continued strong demand Å Dong Tao, an economist wage growth 2011-2012 Employment
holds steady
for talent drove employee with Credit Suisse, believes
16% Skills shortages
turnover rates up to 14.1% China will reach the 2011Ac
2011 Actual China and India
across APAC in 2011. Wage “Lewisian turning point” by 2012 Estimate
Higher salaries
growth over the past year 2014, a critical moment in a 12%
was a full 6% within the developing economy when industry outlook
region—and this will be its surplus labour supply growth
8%
repeated in 2012 with India, dries up, prompting hikes in industries by
country
Indonesia and China leading wages, prices, and inflation.
the growth trend. 4%
legislative update
Å Given current skill
Country
Å Analysts predict 12-15% shortages in Singapore, summaries
annual wage growth over employers are placing 0%
conclusion
the next five years in India. more emphasis on financial Australia China Hong India Indonesia Japan Malaysia Philippines Singapore South Thailand APAC
Kong Korea average
Engineering, auto, and rewards. Average salary about us
energy sectors expect to see increases for existing
the strongest wage hikes. employees will be around
4% (higher for business-
Å In 2011, 90% of employers
critical skills), and 15–20%
in China increased salaries—
for new hires.
one-fifth did so by more
than 10 per cent. In 2012, Å Wage growth in the
84% intend to increase mature Japanese and
salaries—and this time Australian markets will
one-third will do so by more lag the region.
than 10 per cent.
12
13. APAC Talent Market Update / Industry Outlook
Introduction
APAC Economic
Outlook
population,
labour & wage
trends
industry outlook
Biotech,
construction
& energy
growth
industries by
country
Industry Outlook
legislative update
Country
summaries
conclusion
about us
13
14. APAC Talent Market Update / Industry Outlook
Introduction
APAC Economic
Outlook
Biotech, construction and energy among the growth industries
population,
labour & wage
trends
industry outlook
Å Finance is projected to Å ICT is growing across Industry Growth Projections for 2012 Australia China India Japan New Zealand
Biotech,
construction
grow across the region, with APAC, but is continuing Agriculture
& energy
X 2.7% X 3.6% X 1.6%
China expected to see more to boom in India. China is
Auto/ Auto Parts Manufacturing growth
than 8% growth. Forecasters also expected to perform X 14.3% X 20% industries by
Biotechnology country
predict a 6-8% increase in well in this sector, as newly- X10.3%
regional sector employment educated IT professionals Construction X 5.1% X 9.4% X 9.0% legislative update
by 2030, with the exception enter the workforce. Creative Industries / Gaming Y 8.0% X Country
of Australia, which will see summaries
Å Japan’s nuclear incident Finance* X 5.1% X 8.2% X 7.0% X 1.5% X 4.1%
significant industry growth conclusion
is part of an overall gear Healthcare X 4.1% X 7.5% X
without a corresponding
shift for the Energy sector. about us
growth in employment. Information/Communication Technology X X 10.3% X 2.86%
Uninterruptable Power
Iron and/or Steel Manufacturing Y 14.9% X 8.1%
Å Construction is up in Supplies is projected to
response to natural disasters grow 20% throughout the Manufacturing* Y X
across the region. region, as businesses and Mining X 36.7% X
governments seek to avoid Online Education
Å China and India are X 10.6%
supply-chain breakdown.
two of the so-called Online Shopping X 10.2%
“Pharmerging” markets, or Å Manufacturing has Pharmaceuticals* X 20% X 10-20% X
emerging economies where a mixed outlook. India Trade (Retail) X 2.5% X 7.0% X 7.5% X 2.0%
pharmaceutical giants are is anticipating its most
Transportation & Utilities* X 4.1% X 8.3%
planning expansion. significant growth to come
in this sector, while China Uninterruptable Power Supplies 20% in all Asia. Growth drivers: China, India
*Outlined cells indicate sector hubs.
expects to see its overall
manufacturing decrease.
14
15. APAC Talent Market Update / Growth Industries by Country
Introduction
APAC Economic
Outlook
population,
labour & wage
trends
industry outlook
growth
industries by
country
Australia
China
Growth Industries by Country
Hong Kong
India
Japan
New Zealand
legislative update
Country
summaries
conclusion
about us
15
16. APAC Talent Market Update / Growth Industries by Country
Introduction
APAC Economic
Outlook
Australia
population,
labour & wage
trends
industry outlook
growth industries growth
industries by
40% country
Australia
China
30% Hong Kong
India
Japan
20% New Zealand
legislative update
Country
10% summaries
conclusion
0% about us
Diamond and Motor vehicle Online Biotechnology Online shopping
gemstone mining manufacturing education
16
17. APAC Talent Market Update / Growth Industries by Country
Introduction
APAC Economic
Outlook
China
population,
labour & wage
trends
industry outlook
Chemicals and Energy Motor vehicle Manufacturing
growth
refining manufacturing industries by
Huge contracts have been Both light and heavy
country
Refining industries are generated from the project China is rapidly developing manufacturing continue to Australia
booming, principally along to build a pipeline network a reputation for high-tech boom. Cheap labour, a skilled China
the eastern seaboard from across China linking the industries. The capital, workforce, and large markets Hong Kong
where products can either energy fields in central Asia Beijing, is usually regarded have been the principal India
be shipped within China with the east coast, the as the nation’s high-tech attractions for investments Japan
to the booming coastal development of fuel retail hub, although other regions, in virtually every sector, from New Zealand
industrial areas or abroad. networks, and the emergence such as Shanghai, are also paper to chemicals or from
Cheap labour, a skilled heavily involved. legislative update
of a market for liquefied machinery manufacturing
workforce, and large markets natural gas in China. to semiconductors. Country
summaries
nearby have been the
principal attractions. conclusion
about us
17
18. APAC Talent Market Update / Growth Industries by Country
Introduction
APAC Economic
Outlook
Hong Kong population,
labour & wage
trends
industry outlook
Banking and Finance Logistics and Transport Producer and Tourism
growth
Professional Services industries by
At the end of 2010, the Hong Kong has long served Tourism remains one of Hong
country
Hong Kong Exchanges as Asia’s transport and The presence of producer Kong’s pillar sectors, boosted Australia
and Clearing Limited logistics hub and has the and professional services by Beijing’s Individual Visit China
was the third largest in world’s third-busiest has shaped Hong Kong’s Scheme, which has relaxed Hong Kong
Asia, after Tokyo Stock container port. transformation from a restrictions on travel to Hong India
Exchange Group, Inc. and manufacturing center into Kong by mainlanders since
The Hong Kong International Japan
Shanghai Stock Exchange. a regional services hub. 2003; the opening of Hong
Airport ranked the world’s New Zealand
Hong Kong is Asia’s leading fourth-busiest international Producer services include Kong Disneyland in 2005;
legislative update
financial services center. passenger airport and had import and export, and the opening of Hong
Foreign investment into the one of the most active air freight transport, trade Kong Wetland Park and Country
summaries
sector remains strong, with cargo operations worldwide. financing, and insurance ”Ngong Ping 360” in 2006.
many companies seeing services on goods. conclusion
Hong Kong as a useful launch Professional services about us
pad for Chinese operations. cover legal, accounting,
auditing, architecture and
engineering activities,
scientific research and
development, management
consultancy activities,
information technology
related services, etc.
18
19. APAC Talent Market Update / Growth Industries by Country
Introduction
APAC Economic
Outlook
India population,
labour & wage
trends
industry outlook
Automotive Energy Financial services IT Pharma/Biotech/ R&D
growth
By 2016 the size of the India’s emerging green jobs The Indian banking industry The Indian market for IT The Pharmaceuticals industry industries by
country
Indian automobile industry is sector holds out the promise is poised to mark USD 28.5 products and services is is projected to grow at a Australia
expected to grow by 13%, to of 10.5 million jobs by 2020 billion by 2025 from the expected to consolidate its CAGR of 10 to 20% to reach China
reach USD 120-159 billion. as investments in energy asset size of USD 1.4 billion growth achieved in 2010 a value between USD 50 Hong Kong
Passenger vehicle sales and efficiency and renewable in 2010. Banks are venturing and increase from USD and 74 billion by 2020 from India
production is expected to energy technologies soar. into new avenues such as 19.7 billion in 2010 to USD the 2009 levels of USD 12.6 Japan
grow by 14 to 16% over 2011 The wind sector in India is wealth management, private 41.2 billion by 2015. India billion. The Indian diagnostic New Zealand
to 2021, reaching over 9 to predicted to be worth banking, doorstep banking, is poised to become the market is projected to grow
legislative update
10 million units annually. The USD 13.1 billion in 2020 credit cards, investment hub for Engineering Process at a CAGR of more than 22%
auto component industry has and could create between advisory services and Outsourcing (EPO), with its between 2010 and 2012. It Country
summaries
shown a consistent growth 150,000 to 250,000 jobs. various financial products. market size estimated to has been estimated that the
rate of about 20% since 2000 The solar industry, predicted India’s insurance industry touch USD 30 billion annually biotech industry is poised to conclusion
and the rate is expected to to be worth USD 7.0 billion, is projected to reach USD by 2015. The number of tech target a total turnover of USD about us
remain consistent until 2015. could generate between 350-400 billion in terms of jobs continues to soar, with 8.6 billion by the end of 2015
The Indian auto industry is 117,000 to 235,000 jobs premium income by 2020. the three largest IT services (from USD 2.9 in 2010) which
projected to be short 300,000 by 2020 and small hydro companies planning to add would be possible if there
Healthcare
skilled personnel by 2020 and biomass sectors are thousands of workers. The will be a growth rate of about
The Indian healthcare sector
across functions including expected to be worth Indian Staffing Federation’s 30% year-on-year.
is expected to reach USD 75
R&D and manufacturing. USD 5.9 billion and USD 7.0 eight key members predicted
billion in 2012 and USD 238.8 India is expected to be a top
According to industry billion respectively in 2020. that the demand for contract
billion by 2020. 10 global pharmaceuticals
experts, India is poised to staffing by tech providers
market in terms of sales
become the third largest will increase by up to 45%
by 2020.
car market by 2020 after the between 2012 and 2014.
US and China.
19
20. APAC Talent Market Update / Growth Industries by Country
Introduction
APAC Economic
Outlook
Japan
population,
labour & wage
trends
industry outlook
Manufacturing Automotive Technology Tourism
growth
Heavy manufacturing, Analysts say that car sales Product vendors have Part of Japan’s growth industries by
Å Hydroelectric and biomass country
led by the motor vehicles power will also benefit momentum at the end recently been showing strategy is to increase Australia
sector, posted better than from these subsidies. of 2011 is likely to carry interest in green IT relating to tourism from less than China
expected growth in Q3 over into 2012 following a the healthcare industry. HIT 10 million annual visitors Hong Kong
2011, reports the Tankan Å The government’s focus government extension of software licensing is expected now to 25 million by 2020 India
economicsurvey. The disaster on “green innovation” tax incentives for purchases to increase 2.86% CAGR — in part by easing visa Japan
recovery effort has also is estimated to create of fuel-efficient cars and a through 2016. regulations for Chinese New Zealand
spurred growth in the steel 1.5 million jobs. new scheme to subsidize the tourists and by increasing
Rapid growth of smartphone legislative update
manufacturing industry. Construction purchase of clean vehicles. ‘medical tourism. This is
sales are driving demand for
As projects to rebuild ports, JAMA forecasts that the expected to boost Japan and Country
Energy Power shortages are NAND, image sensors, LCD summaries
repair roads and construct total market for vehicles in many of its regions, creating
spurring efforts to: panels and other components
new housing proceed at Japan in 2012 will increase more than half a million jobs. conclusion
Å use energy more efficiently this year.
breakneck pace, major 19% from 2011. about us
Å introduce energy-saving
technology; and construction companies
Å make greater use of have been working on plans
renewables to expand the number of
employees they have in
Recent legislation secured the Tohoku region by 10%
purchase of power generated to 20%. The impact of
by solar panels, which is reconstruction spending will
expected to support a rapid nevertheless be temporary.
expansion of industry-use and
utility-use solar systems.
20
21. APAC Talent Market Update / Growth Industries by Country
Introduction
APAC Economic
Outlook
New Zealand
population,
labour & wage
trends
industry outlook
Biotechnology/ Light manufacturing Tourism Agriculture
growth
agricultural research
Although the overall The country’s tourism sector Agriculture will continue to outlet of global size. Second, industries by
country
New Zealand’s business manufacturing base remains accounts for 8-9% of GDP play a crucial role for the the expansion into areas
Australia
promotion authority weak, some small New annually, and is a crucial economy with the country, such as wine production has China
estimates that the country’s Zealand companies have foreign-exchange earner. accounting for one-third of added high-value products Hong Kong
biotech industry contributes been very successful with New Zealand’s diverse world trade in dairy products to New Zealand’s export list. India
around USD 237-316M per niche hi-tech products in landscapes continue to as it exports 90% of annual Output from New Zealand’s Japan
year to the economy primarily areas such as electronics, appeal strongly to adventure dairy production. Two wine industry has exploded New Zealand
through agricultural research. “green” technologies, and eco-tourists. The global developments have improved in 11 years with wine exports
New Zealand’s biotechnology legislative update
aviation and boat building. success of The Lord of the New Zealand’s position. reaching USD 751.2 in
industry specialises in Rings epic and anticipated First, the creation of the 2010 compared with just Country
summaries
fruit, forestry, forage, and success of the pending Fonterra cooperative, which USD 66.3 in 1999. The
large animal research. The Hobbit films, all filmed in merged the consolidated potential for organic conclusion
industry also participates in New Zealand, will continue dairy-processing industry with agricultural production and about us
research of human healthcare to boost the sector. Weighing the export marketing agency exports is also high.
technologies such as drug on the industry will be the has given dairy producers an
discoveries and natural Christchurch earthquakes, as
remedies from the country’s it takes a significant amount
extensive base of exotic of time to lure tourists back
flora and fauna. after major disasters.
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22. APAC Talent Market Update / Legislative Update
Introduction
APAC Economic
Outlook
population,
labour & wage
trends
industry outlook
growth
industries by
country
legislative update
Governments take
Legislative Update
steps to combat
talent shortages
Country
summaries
conclusion
about us
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