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Technology companies in Asia Pacific struggle to retain employees while ramping up hiring plans

Voluntary employee turnover in the technology sector, a closely-watched metric for human resources leaders, has increased in eight out of 10 markets this past quarter, according to the Radford Global Technology Survey.

As employee turnover has gone up, so too has the percentage of technology companies reporting aggressive hiring plans. Companies reporting that they are actively planning and recruiting for organisational growth increased in six out of 10 key Asia Pacific markets.

In Singapore, the percentage of technology companies that plan to hire aggressively increased from 5.5 to six per cent. At 18.4 per cent, India has the highest percentage of companies actively growing their workforce. Meanwhile, China experienced a drop in companies expecting to grow headcount — from 10.9 to 7 per cent — which could be partly driven by an ongoing trade dispute with the US.

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