Hiring Steady or up at 70% of Firms in Japan

April 20, 2017

The Japan News reports:

More than 70 percent of companies will hire the same number or more new graduates for spring 2018 compared to a year earlier, indicating the labor market will remain favorable for job-seeking students, according to a recent survey conducted by The Yomiuri Shimbun and Nippon TV.

The survey asked 100 major companies in the nation about their hiring of students scheduled to graduate in spring 2018 from universities, graduate schools, two-year colleges, technical colleges, vocational schools and high schools.

Twenty companies, down from 22 in the survey conducted last year, replied they would increase the number of new graduates they hire, while 53 firms, up from 51, said the number would remain around the same as the previous year. Twenty-one companies, up from 19, said they would decrease hiring.

Although slightly more firms than last year are cautious about hiring, the latest survey shows the labour market remains favorable for job-seeking students.

In the logistics and retail industry, in which many businesses are suffering a labour shortage, a higher number of companies said they would hire more workers.

Companies dealing with food and electricity for mainly domestic demand are also highly motivated to hire.

In contrast, many companies in the banking and insurance industry, which is seeing deteriorated earnings due to the Bank of Japan’s negative interest rate policy, said they would hire fewer recruits for next spring. The same survey also found a number of companies seeking a review of recruitment and job-seeking practices.

Fifty-one firms said it would be desirable to introduce a “year-round recruitment” system, while 14 firms said they preferred to keep the current system in which companies hire new graduates all at once.

The survey was conducted from late March to early April 2017.

Source: 19 April 2017, Japan News Online, http://the-japan-news.com/news/article/0003646376


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