The pace at which new roles are being generated in Asia-Pacific nations is faster than many other regions, it has been reported.

According to the New York Times, territories such as Hong Kong, Sydney and Singapore are seeing rapid levels of hiring, with Royal Bank of Canada unveiling a new Hong Kong trading floor and PricewaterhouseCoopers unveiling plans to double the number of people it employs in China by 2015.

The article points to relatively sluggish growth in other parts of the world in comparison with the pace at which jobs in Asia are being created, which is creating tough conditions for recruiters.

"Staff retention is a huge challenge for employers in a region where it is common for employees to change jobs frequently," the news source stated.

It suggested that the disparity between economic recovery between developed nations and "emerging Asia-Pacific economic powerhouses" is particularly keenly felt by the labor market, with cautious hiring in the US and Europe set against rapid recruitment in the east.

The report comes as world leaders met in Seoul, South Korea, in order to hold Group of 20 (G20) talks.

In a communique issued at the end of the summit, politicians pledged to ensure that "competitive devaluation of currencies" does not take place.

Posted by Kate Griffin