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It’s been an employee’s market in Asia-Pacific, but a recession may change that, consulting firm says

  • It's been an "employee's market" — a third of Asia-Pacific's companies have offered higher salaries to attract talent, according to Mercer. But the tables may be turning as fears of recession grow, said the consulting firm.
  • One in five companies in Asia-Pacific have issued hiring freezes, with 40% hiring for just critical roles, Puneet Swani, Mercer's career business leader for Asia, Middle East and Africa, told CNBC's "Squawk Box Asia" on Thursday.
  • "There's another 30% of organizations which are saying that the hiring decisions require another layer of approval," he added.

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