Continued improvement expected for job market in Japan
Key survey findings (Source – Michael Page Japan Salary and Employment Forecast)
- 37% of foreign multinational companies plan to increase headcount over the next 12 months.
- Headcount increases will be greatest in commercial sector with 45% of companies indicating increases compared with 24% of companies in the financial services sector.
- Increased demand for temporary and contracting professionals.
5 December, 2011: The employment market in Japan remained resilient during 2011 and a positive outlook is predicted for the new year, according to findings in the Michael Page Japan Salary and Employment Forecast for 2012.
Based on responses from more than 520 senior managers working in multinational companies in Japan, the annual employment survey reveals 37% of companies intend to increase headcount over the next 12 months.
The highest hiring activity will occur in the commercial sector, with 45% of companies indicating headcount increases for technology, sales, marketing, accounting, engineering and supply chain professionals. This is compared to the financial services sector, where only 24% of companies expect to increase total headcount.
“The level of optimism across commercial companies is strong, reflected by a high percentage of these companies positioning themselves for business growth by investing in top talent,” says Richard King, Managing Director of Michael Page International in Japan.
“It’s very encouraging to see the employment market in Japan is proving to be so resilient, not just in light of global economic uncertainty but also with the events earlier this year. The employment market for bilingual professionals is proving particularly resilient as foreign multinational companies recognise the importance of securing talented bilingual employees,” Mr King adds.
While the employment market in Japan over the coming months should experience a gradual improvement, some caution is still being exercised, particularly within the banking sector where demand for permanent staff has been lower in the second half of 2011.
“We don’t anticipate a significant upturn in permanent hiring in the banking sector until confidence levels in global markets are higher, however this has been offset by continued demand for temporary and contract labour to cope with workloads,” Mr King says.
View the Michael Page Japan Salary and Employment Forecast for 2012.
For more information contact:
Corporate Communications Manager
Phone: +612 8292 2245
About Michael Page International
Michael Page International is a leading professional recruitment consultancy specialising in the recruitment of permanent, contract and temporary positions on behalf of the world’s top employers. The Group operates through 156 offices in 32 countries worldwide. First established in London in 1976, we’ve been bringing job seekers and employers together for more than 30 years. Our presence in the Asia Pacific region extends across China, Singapore, Hong Kong, Japan, India, Malaysia, Australia and New Zealand.