Asian Talent Market Update 2012


Published on

This report is offering some great insight on latest workforce trends across Asia incl. Labor Market Trends, Industry Outlook and Country Updates.

Published in: Career, News & Politics, Business
1 Comment
No Downloads
Total views
On SlideShare
From Embeds
Number of Embeds
Embeds 0
No embeds

No notes for slide

Asian Talent Market Update 2012

  1. APAC Talent Market Updatepopulation, employment, wage and labour legislationtrends in five key countries in the Asia-Pacific region:Australia, China, India, Japan and New Zealand2012/2013
  2. workforce Trends in APACTraining, 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 anddevelopment will depend somewhat 12%on specific and deliberate responses 45 38 37 36 26 Japan Australia new china indiato growing demand for skills, Average age is zealand The median Approximatelyexperience and flexible labour across the second age is above one-third isthe region. As with other markets oldest in the world below the age the world. average of 28, of 15 and onlyaround the world, the focus must with declines 5% are over on equipping the workforce with in the working 10% age populationthe right skills, and this presents expectedsignificant 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. ng es or re ia er lia d ia Ko pin es po hk an av of the world’s ys ra on n ina ng ga ilip population. la ia ail ut APAC st pa Ind Ind ma sin Ho Au Ch so Ph th ja
  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 Outlookwhat can we expect from APAC in 2013? population, labour & wage trends industry outlookEmerging markets are playing an increasingly important role in the global economy. growthAs the world’s most populous region, Asia-Pacific is central to this shift. industries by country legislative updateEconomic 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 summarieseverywhere, yet the business unemployment rates in industries and shoring up profiles, as well as our Dhirendra Shantilaland labour market outlook the region, but it also consumer and business insights into the overall conclusionfor Asia is now the exception presents one of the biggest confidence. Cash reserves labour market. about usto 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 worldSome industries in the next in Asia. In this report, well-positioned workforce. standards, so the regionregion’s developed we hope to give you a small China continues to dominate overall occupies aneconomies (particularly insight into just what that the economic landscape, enviable position to absorbmanufacturing and other might look like. yet the impact of growth is further instability.primary industries) are now being felt much furtherseeing long-term declines. In this report, we examine afield, and investments inYet, the over-riding theme the trends and indicators that Dhirendra Shantilal education across Asia areis one of growing demand are shaping the economic SVP Kelly Services Asia Pacific reaping rewards.for technical skills, and a and labour market outlookhigher proportion of skilled Legislative trends continue for the Asia-Pacific regionemployees across the Asian to focus on up-skilling labour over the next two to threeworking population. forces and reducing barriers years. We provide updates4
  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 byAPAC Economic Outlook country legislative update Country summaries conclusion about us5
  6. APAC Talent Market Update / APAC Economic Outlook Introduction APAC Economic OutlookGrowth, recovery and ongoing pressures Growth, recovery and ongoing pressures population, labour & wage trendsDespite Northern Asia’scurrent economic dominance Growth & recovery Pressures industry outlookin APAC, Southern Asia’s Å With a projected region- Å Despite an ageing Å It is estimated that around Å Global financial growthmore favourable demographic wide unemployment level working population across half of the region’s workers uncertainty could continue industries by countryprofile offers a clear long-term of just 7% by 2013, the the region, India presents (50.8 %) are in ‘vulnerable to negatively impacteconomic opportunity within labour market outlook has the single largest pool employment’. Although recruitment. legislative updatethe 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 summariesWith wage growth and skilled now approaching 45 (the saw their unemployment Approximately one-third of global recession fears, it conclusionlabour shortages in some second oldest in the world) peak earlier, and at lower India’s population are below is likely that many workersmarkets, growth will depend and China’s population about us levels, than expected. the age of 15 and only 5% affected by the crisis haveupon flexibility and mobility policies have pushed the are over 65, implying a falling sought alternate forms ofof workforces, as well as the median age above the world dependency ratio and a employment, perhaps in thetimely 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 shortagesPopulation, Labour China and India Higher salaries industry outlook& Wage Trends growth industries by country legislative update Country summaries conclusion about us7
  8. APAC Talent Market Update / Population, Labour & Wage Trends Introduction APAC Economic OutlookIt’s the world’s most populous region population, labour & wage trends World’s most populous regionThe APAC region is home the age of 15 and only 5% median age by country: 2011 Employment holds steadyto more than 4.2 billion are over 65, implying a 50 Skills shortagespeople. It accounts for more steady rise in the working- China and Indiathan half of the world’s age population and a falling Higher salariesestimated 6.9 billion people, EMEA dependency ratio (proportion 40 1.4%including 6 of the 10 highest of non-working population to industry outlookpopulation countries: China, EUROPE CENTRAL/EASTERN working population). 30 growth 0.2%India, Indonesia, Pakistan, industries by WESTERN EUROPE In contrast, Japan’s average countryBangladesh, and Japan.0.2% age is now approaching 45 20 legislative update NORDICSChina and India together 0.4% (the second oldest in the Countryrepresent almost 40% of the IRELAND/UK world) and China’s policies to summaries 10world’s population, more than control population growth in 0.7% conclusionthe population of the next 20 the 1970s have pushed the MIDDLE EAST & AFRICAlargest countries combined. median age above the world 0 about us Japan Australia New Zealand China World India average, with declines inApproximately one-third of the working age populationIndia’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 OutlookEmployment holds steady in the face of numerous challenges population, labour & wage trends World’s most populous regionLabour markets are clearly unemployment rate: 2009–2013 Employment holds steadyon the mend, and in several 10% Skills shortagescountries unemployment 2009 China and Indiahas peaked earlier and at 8% 2011 Higher salarieslower levels than predicted. 2013Unemployment across APAC 6% industry outlookis forecast to continue its 4% growthgradual downward trend, industries by countryapproaching 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;; XinhauNews Agency; China’s Big Unemployment 0%Problem—Marketplace From American China Hong Kong Japan South Korea India Indonesia Malaysia Philippines Singapore Thailand New Zealand AustraliaPublic Media9
  10. APAC Talent Market Update / Population, Labour & Wage Trends Introduction APAC Economic OutlookHigh employment will compound skills shortages population, labour & wage trends World’s most populous regionÅ China created 12 Å India’s unemployment Å In Australia, forward- Å Japan’s disasters caused Å New Zealand’s Employment holds steadymillion new jobs in 2011, rates remain relatively high looking indicators point to unemployment to spike employment growth will be Skills shortagesand 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 Indiaunemployment rate, yet this restrictive labour laws, market, with unemployment then level off at 4.6 per shortages in the construction Higher salariesrate reflects urban registered but the strong economic inching back up to 5.2% in cent. As the recovery effort and engineering sectorsworkers only and does outlook is forecast to push early 2012, but expected to accelerates, the lag between where labour demand industry outlooknot take into account the unemployment rate below fall to just 4.5% by 2016 as growth and hiring means that has skyrocketed due to growthlarge numbers of migrant 9% by 2016, its lowest level demand for skilled workers the jobless rate will see little earthquakes in Christchurch. industries by countryworkers. The government in more than a decade. remains strong. Rebuilding improvement until late 2012/ Employment growth for 2011plans to include migrant A growing number of efforts following the early 2013. Sectors such as was a weak 1.1 per cent. legislative updateworkers in their statistics this private employers believe Queensland flooding and a construction and healthcare Countryyear, hence an increase is the lack of skilled talent booming mining sector are are showing the greatest job summarieslikely. The quality of China’s will limit their growth contributing to Australia’s gains, while manufacturing conclusionhigher education system performance this year, but current skills shortages. employment continues about usremains a challenge as an are cautiously optimistic Employment growth was to drop. The forecast forestimated 30% of this year’s in their hiring plans. reported at 0.9% over 2011, 2012 shows the strongest6 million college graduates but is forecast to be stronger hiring plans since the thirdhave 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 OutlookAll eyes turn to China and India population, labour & wage trends World’s most populous regionWith many markets Å India’s economy remains difficulty filling jobs by country (% of employers) Employment holds steadyexperiencing labour driven by the service 100% Skills shortagesshortages, the growth sector, but investments 2011 China and Indiaand economic expansion in infrastructure and 2010 80% Higher salariesin both China and India agriculture productivityare being watched with systems are expected to industry outlookparticular interest. lift the country’s share of 60% growth manufacturing output over industries byThe way in which both of country the coming decade. 40%these economies overcome legislative updateproductivity constraints, such Å China’s five-year plan 20% Countryas education and training includes investments to help summariesrequirements, remain major the service sector surpass 0% conclusionissues for the region. the industry sector as the Japan India Australia APAC New Zealand Singapore Hong Kong World China largest contributor to GDP about usThe future labour forces of by 2015 as it strives to movethe world’s most populous up the economic value-countries will likely chain. The government willinclude a more balanced continue proactive policiesmake-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 (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 (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 OutlookAPAC workers can expect higher salaries population, labour & wage trends World’s most populous regionContinued strong demand Å Dong Tao, an economist wage growth 2011-2012 Employment holds steadyfor talent drove employee with Credit Suisse, believes 16% Skills shortagesturnover rates up to 14.1% China will reach the 2011Ac 2011 Actual China and Indiaacross APAC in 2011. Wage “Lewisian turning point” by 2012 Estimate Higher salariesgrowth over the past year 2014, a critical moment in a 12%was a full 6% within the developing economy when industry outlookregion—and this will be its surplus labour supply growth 8%repeated in 2012 with India, dries up, prompting hikes in industries by countryIndonesia and China leading wages, prices, and inflation.the growth trend. 4% legislative update Å Given current skill CountryÅ Analysts predict 12-15% shortages in Singapore, summariesannual wage growth over employers are placing 0% conclusionthe next five years in India. more emphasis on financial Australia China Hong India Indonesia Japan Malaysia Philippines Singapore South Thailand APAC Kong Korea averageEngineering, auto, and rewards. Average salary about usenergy sectors expect to see increases for existingthe 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 did so by morethan 10 per cent. In 2012, Å Wage growth in the84% intend to increase mature Japanese andsalaries—and this time Australian markets willone-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 countryIndustry Outlook legislative update Country summaries conclusion about us13
  14. APAC Talent Market Update / Industry Outlook Introduction APAC Economic OutlookBiotech, construction and energy among the growth industries population, labour & wage trends industry outlookÅ Finance is projected to Å ICT is growing across Industry Growth Projections for 2012 Australia China India Japan New Zealand Biotech, constructiongrow 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 growththan 8% growth. Forecasters also expected to perform X 14.3% X 20% industries by Biotechnology countrypredict 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 updateby 2030, with the exception enter the workforce. Creative Industries / Gaming Y 8.0% X Countryof 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% Xwithout a corresponding shift for the Energy sector. about usgrowth 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 toresponse to natural disasters grow 20% throughout the Manufacturing* Y Xacross the region. region, as businesses and Mining X 36.7% X governments seek to avoid Online EducationÅ 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% Xemerging 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 ChinaGrowth Industries by Country Hong Kong India Japan New Zealand legislative update Country summaries conclusion about us15
  16. APAC Talent Market Update / Growth Industries by Country Introduction APAC Economic OutlookAustralia population, labour & wage trends industry outlookgrowth industries growth industries by40% country Australia China30% Hong Kong India Japan20% New Zealand legislative update Country10% summaries conclusion 0% about us Diamond and Motor vehicle Online Biotechnology Online shopping gemstone mining manufacturing education16
  17. APAC Talent Market Update / Growth Industries by Country Introduction APAC Economic OutlookChina population, labour & wage trends industry outlookChemicals and Energy Motor vehicle Manufacturing growthrefining manufacturing industries by Huge contracts have been Both light and heavy countryRefining industries are generated from the project China is rapidly developing manufacturing continue to Australiabooming, principally along to build a pipeline network a reputation for high-tech boom. Cheap labour, a skilled Chinathe eastern seaboard from across China linking the industries. The capital, workforce, and large markets Hong Kongwhere products can either energy fields in central Asia Beijing, is usually regarded have been the principal Indiabe shipped within China with the east coast, the as the nation’s high-tech attractions for investments Japanto the booming coastal development of fuel retail hub, although other regions, in virtually every sector, from New Zealandindustrial areas or abroad. networks, and the emergence such as Shanghai, are also paper to chemicals or fromCheap labour, a skilled heavily involved. legislative update of a market for liquefied machinery manufacturingworkforce, and large markets natural gas in China. to semiconductors. Country summariesnearby have been theprincipal attractions. conclusion about us17
  18. APAC Talent Market Update / Growth Industries by Country Introduction APAC Economic OutlookHong Kong population, labour & wage trends industry outlookBanking and Finance Logistics and Transport Producer and Tourism growth Professional Services industries byAt the end of 2010, the Hong Kong has long served Tourism remains one of Hong countryHong Kong Exchanges as Asia’s transport and The presence of producer Kong’s pillar sectors, boosted Australiaand Clearing Limited logistics hub and has the and professional services by Beijing’s Individual Visit Chinawas the third largest in world’s third-busiest has shaped Hong Kong’s Scheme, which has relaxed Hong KongAsia, after Tokyo Stock container port. transformation from a restrictions on travel to Hong IndiaExchange Group, Inc. and manufacturing center into Kong by mainlanders since The Hong Kong International JapanShanghai Stock Exchange. a regional services hub. 2003; the opening of Hong Airport ranked the world’s New ZealandHong Kong is Asia’s leading fourth-busiest international Producer services include Kong Disneyland in 2005; legislative updatefinancial services center. passenger airport and had import and export, and the opening of HongForeign investment into the one of the most active air freight transport, trade Kong Wetland Park and Country summariessector remains strong, with cargo operations worldwide. financing, and insurance ”Ngong Ping 360” in 2006.many companies seeing services on goods. conclusionHong Kong as a useful launch Professional services about uspad 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 OutlookIndia population, labour & wage trends industry outlookAutomotive Energy Financial services IT Pharma/Biotech/ R&D growthBy 2016 the size of the India’s emerging green jobs The Indian banking industry The Indian market for IT The Pharmaceuticals industry industries by countryIndian 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 Australiaexpected 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 Chinareach 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 KongPassenger vehicle sales and efficiency and renewable in 2010. Banks are venturing and increase from USD and 74 billion by 2020 from Indiaproduction 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 Japangrow 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 Zealandto 2021, reaching over 9 to predicted to be worth banking, doorstep banking, is poised to become the market is projected to grow legislative update10 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 summariesshown a consistent growth 150,000 to 250,000 jobs. various financial products. market size estimated to has been estimated that therate of about 20% since 2000 The solar industry, predicted India’s insurance industry touch USD 30 billion annually biotech industry is poised to conclusionand 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 usremain consistent until 2015. could generate between 350-400 billion in terms of jobs continues to soar, with 8.6 billion by the end of 2015The 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) whichprojected to be short 300,000 by 2020 and small hydro companies planning to add would be possible if there Healthcareskilled personnel by 2020 and biomass sectors are thousands of workers. The will be a growth rate of about The Indian healthcare sectoracross functions including expected to be worth Indian Staffing Federation’s 30% year-on-year. is expected to reach USD 75R&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 topAccording to industry billion respectively in 2020. that the demand for contract billion by 2020. 10 global pharmaceuticalsexperts, India is poised to staffing by tech providers market in terms of salesbecome the third largest will increase by up to 45% by 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 OutlookJapan population, labour & wage trends industry outlookManufacturing Automotive Technology Tourism growthHeavy manufacturing, Analysts say that car sales Product vendors have Part of Japan’s growth industries by Å Hydroelectric and biomass countryled by the motor vehicles power will also benefit momentum at the end recently been showing strategy is to increase Australiasector, posted better than from these subsidies. of 2011 is likely to carry interest in green IT relating to tourism from less than Chinaexpected growth in Q3 over into 2012 following a the healthcare industry. HIT 10 million annual visitors Hong Kong2011, reports the Tankan Å The government’s focus government extension of software licensing is expected now to 25 million by 2020 Indiaeconomicsurvey. The disaster on “green innovation” tax incentives for purchases to increase 2.86% CAGR — in part by easing visa Japanrecovery effort has also is estimated to create of fuel-efficient cars and a through 2016. regulations for Chinese New Zealandspurred growth in the steel 1.5 million jobs. new scheme to subsidize the tourists and by increasing Rapid growth of smartphone legislative updatemanufacturing 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 CountryEnergy Power shortages are NAND, image sensors, LCD summaries repair roads and construct total market for vehicles in many of its regions, creatingspurring efforts to: panels and other components new housing proceed at Japan in 2012 will increase more than half a million jobs. conclusionÅ use energy more efficiently this year. breakneck pace, major 19% from 2011. about usÅ introduce energy-saving technology; and construction companiesÅ make greater use of have been working on plans renewables to expand the number of employees they have inRecent legislation secured the Tohoku region by 10%purchase of power generated to 20%. The impact ofby solar panels, which is reconstruction spending willexpected to support a rapid nevertheless be temporary.expansion of industry-use andutility-use solar systems.20
  21. APAC Talent Market Update / Growth Industries by Country Introduction APAC Economic OutlookNew Zealand population, labour & wage trends industry outlookBiotechnology/ Light manufacturing Tourism Agriculture growthagricultural research Although the overall The country’s tourism sector Agriculture will continue to outlet of global size. Second, industries by countryNew Zealand’s business manufacturing base remains accounts for 8-9% of GDP play a crucial role for the the expansion into areas Australiapromotion authority weak, some small New annually, and is a crucial economy with the country, such as wine production has Chinaestimates that the country’s Zealand companies have foreign-exchange earner. accounting for one-third of added high-value products Hong Kongbiotech industry contributes been very successful with New Zealand’s diverse world trade in dairy products to New Zealand’s export list. Indiaaround USD 237-316M per niche hi-tech products in landscapes continue to as it exports 90% of annual Output from New Zealand’s Japanyear to the economy primarily areas such as electronics, appeal strongly to adventure dairy production. Two wine industry has exploded New Zealandthrough agricultural research. “green” technologies, and eco-tourists. The global developments have improved in 11 years with wine exportsNew Zealand’s biotechnology legislative update aviation and boat building. success of The Lord of the New Zealand’s position. reaching USD 751.2 inindustry specialises in Rings epic and anticipated First, the creation of the 2010 compared with just Country summariesfruit, forestry, forage, and success of the pending Fonterra cooperative, which USD 66.3 in 1999. Thelarge animal research. The Hobbit films, all filmed in merged the consolidated potential for organic conclusionindustry also participates in New Zealand, will continue dairy-processing industry with agricultural production and about usresearch 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 andiscoveries and natural Christchurch earthquakes, asremedies from the country’s it takes a significant amountextensive base of exotic of time to lure tourists backflora and fauna. after major disasters.21
  22. APAC Talent Market Update / Legislative Update Introduction APAC Economic Outlook population, labour & wage trends industry outlook growth industries by country legislative update Governments takeLegislative Update steps to combat talent shortages Country summaries conclusion about us22