Slow economy is not deterring employers in Japan

HRM 10 Dec 2012

A dismal economy is not stopping Japan’s employers from adding to their headcount as the labour market continues to demonstrate its resiliency.

According to the Michael Page 2013 Salary & Employment Forecast for Japan, 39% expect to increase the number of their staff in over the coming year.

The bulk of this anticipated hiring activity is mostly to come from business expansion, reported 78% of survey respondents.

“Despite well publicised global economic issues which are certainly having an impact in some regions, Japan remains a large, relatively stable economy that offers significant growth opportunities for many multinational organisations.This in turn is leading to the availability of some good career opportunities for talented individuals and resulting in strong recruitment activity,” said Richard King, Managing Director of Michael Page in Japan.

Bilingual candidates with good English and Japanese language skills continue to be the most sought-after talent across all industries, with 60% of employees indicating a higher level of demand for such individuals. Not surprisingly, nearly half of survey respondents (49%) acknowledged that this talent will command higher salaries than non-bilingual candidates

“Organisations need to have a robust recruitment process and work in partnership with their recruitment agency to effectively sell the Employee Value Proposition and put themselves in the best position to attract top talent,” added King.



Leave your comment
Start a new discussion

HRM Asia forum is the place for positive industry interaction and welcomes your professional and informed opinion.

Post a Comment
HRM Asia welcomes your contribution. Your IP address is recorded in the event of a complaint.
Name *
Email *
(required, but will not display)
Comment *
Please enter in the numbers in the box left.
You are about to submit your comment. Is it:
  • Professional
  • In your own name or pseudonym, not impersonating someone else
  • Free from rude language
  • Free from advertising
  • If you prefer not to post but are still keen to get your viewpoint across, you can always e-mail the editor.
  • 23 Jul | The People At Work Pte Ltd | Singapore
    Our client, one of the “Top 100 Fastest-Growing Companies” in USA specializing in 3D measurement, imaging and realization technology is looking for a ...
    22 Jul | Frazer Jones Global HR Search & Recruitment | Singapore
    The HR Associate will be required to support HR Operations and improvement initiatives around the region.
    17 Jul | Frazer Jones Global HR Search & Recruitment | Singapore
    A newly created role within the HR team, responsible for supporting the Business Partner in the South East Asian region
    Talent retention through global mobility
    Norbert Modla, Group Head of HR, Hillebrand Group shares how HR can retain and manage key talent by using effective global mobility strategies
    Unorthodox HR
    The impact of diversity on WSH
    Engaging talent through innovation
    Performance Leadership Pte Ltd | info@performance.sg
    Lunch, Learn and Bond with your teams, all within 1 hour! Choose from a variety of light-hearted, interesting or thought-provoking topics that appeal ...
    Performance Recognition Pte Ltd | info@performance.sg
    A monthly business incubator where leaders grow their skills, exchange ideas and share best practices.
    GIG Education Centre Pte Ltd | info@gig.edu.sg
    To improve your Public Speaking, Pronunciation and Presentation skills.