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Daily Dispatches – 25% of employers ignore exit interview feedback

One in four don't listen

One in four don't listen

A new survey by recruitment consultancy Robert Walters of 1,000 hiring managers and professionals in Australia and New Zealand revealed that a quarter of companies don’t use the feedback from exit interviews.

The firm’s white paper The Exit Process: How to Gain Valuable Insights to Build a Better Workplace reports that eight out of 10 employees offer honest feedback during the exit interview process, and while most employers – some 75% of those surveyed – said they used it to make improvements to the business, one in four said it was “filed away with the candidate’s resignation letter”.

Other notable outcomes from the survey were that a third of professionals who resign do so because they no longer feel challenged, and that half those surveyed said they would raise their concerns before searching for a new role.

China prepares to lift IPO ban

Bloomberg reports that China has issued a reform plan for initial public offerings, paving the way for the one year ban on new listings to be lifted.

About 50 companies are expected to complete the IPO approval preparations and list or be ready to do so by the end of January, the China Securities Regulatory Commission said last week. There are more than 760 companies in the queue for approval and it will take about a year to complete an audit of all the applications.

China fund house Bosera to hire 20 investment and sales staff in Hong Kong

Bosera Asset Management, one of China’s largest, is planning to launch RQFII exchange traded funds in Hong Kong and New York, and has outlined plans to double its staff in Hong Kong to 40, says Asian Investor.

Largest consumer class action lawsuit kicks off in Australia against ANZ 

Around 38,000 ANZ bank customers have joined the class action to fight for the return of more than AUD$220 million in bank fees, reports Sky News Australia. 
The countries in what is classed ’emerging Asia’ are expected to have the world’s highest non-life real premium growth of nearly 12% in 2014 and more than 9% in 2015, according to Swiss Re’s report Global Insurance Review 2013 and Outlook 2014/15, says Asia Insurance Review. Emerging Asia includes China, India, Indonesia, Malaysia, the Philippines, Thailand and Vietnam.

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