On the move: Market pick-up and larger incentives entice candidates to look for new opportunities: Hays

July 11th, 2011News

On the move: Market pick-up and larger incentives entice candidates to look for new opportunities

Completed bonus payments, larger incentives and a pick up in the market have contributed to a larger number of candidates now entering the jobs market in Japan in the third quarter of 2011, says recruiting experts Hays.

In our latest Hays Quarterly Report, for the July-September quarter, we found that candidate levels have increased again as people start to feel the economy is stable enough for a move. Candidates are also looking for more job security and are moving out of the temporary roles that sustained them during the recession into more permanent employment.

“There was a decrease in candidate levels following the earthquake as employers reassessed the damage and its effect on companies,” says Christine Wright, Managing Director of Hays Japan. “We also lost a number of foreign workers who left Japan after the earthquake and replacements have been required to fill these vacated roles in the last and upcoming quarter. This has resulted in plenty of opportunities for local candidates.

“As positions are filled, particularly at the executive level, this in turn has created the need for other companies to find replacements and so we are seeing high demand for senior managers. Employers are opting to find the skills locally in Japan and are willing to offer higher salaries and more benefits to attract candidates with the right skills sets.

“We are also seeing a rise in the demand for insurance professionals and as a result Hays Japan launched an insurance specialism last quarter. We’ve particularly seen demand rise for Adjusters to assess claims, while telephone operators are needed to take calls from policy holders.”

According to the Hays Quarterly Report, as a result of the larger incentives being offered by employers in many industries and bonus payments completed, there has been an increase in the number of overall candidates willing to consider a job change.

“The improved market conditions and abundance of opportunities have been the two driving forces encouraging candidates to seriously consider leaving the safety of their current position for new challenges.”

The report also found some candidates are choosing to stay with their current employer due to increased job security, more responsibilities or new job challenges as a result of the earthquake. These candidates are still open to receiving job updates related to the market.

The Hays Quarterly Report lists the skills in most demand in Japan for the July-September quarter:

Hays Accountancy & Finance – commerce & industry :
The market is recovering following the earthquake with senior management positions opening up. Controller and CFO candidates are also in demand.

Hays Banking:
Experienced Front Office workers are in demand. This demand is likely to remain solid where there is a limited supply of experienced candidates – particularly in Compliance, Product Control, Market Risk and Operational Risk Management. Products Managers are sought within the asset management industry. Project Managers and Business Analysts are in demand to run business process improvement projects.

Hays Finance Technology:
At the Executive level Head of Equity IT and Chief Information Officers are in demand. Front-End specialists, Data Managers, Internal IT Administrators and IT Applicant Support candidates are wanted as banks build out their strategic platforms.

Hays Human Resources:
HR Managers and Recruiting specialists are back in demand as companies invest in people development and organisational change. HR Operations Managers with talent and change management experience are in high demand. HR Project Leaders, Training Managers and Payroll specialists are also sought.

Hays Information Technology:
There is strong demand in the sector for Datacenter, Storage, Server, Cloud Computing and Network specialists. On the IT Software vendors side, companies are looking for skilled SAS, BI, and SAP consultants. The Telecom industry is expanding their base station business and looking for Radio Access Network Engineers, IP backbone Engineers, and LTE/NGN specialists.

Hays Insurance:
There is high demand for claims professionals, underwriters, insurance brokers/account managers, loss adjusters and assessors, business development managers, technical administrators and compliance professionals.

Hays Legal:
Private Practice Lawyers with two to five years post qualification experience are sought for the energy and resources sector. General Counsel candidates are in demand for technology and entertainment roles. General Legal staff are also needed.

PHays Office Professionals:
Interpreters are in high demand as Japanese companies conduct business with overseas clients. This has also created a need for Executive and Legal Secretaries. Experienced Sales Administrators, Customer Support and Sales Executive Assistants continue to be sought.

Hays Pharma:
With a number of new pharmaceutical drugs and medical devices becoming available to the market, Pharma, Biotech and Medical Device companies are looking for staff to ensure this process is as smooth as possible. As a result, there is strong demand for skilled Clinical and Quality Assurance and Regulatory Affairs candidates, along with Medical Representatives and Product Managers.

Hays Property:
The improved property market has led to high demand for Project Managers, Asset Managers and Facilities Mangers. Within the real estate market, Real Estate Appraisers, Business Development Managers and Senior Investment Advisors are sought. Interior Designers and Area Portfolio Managers are also needed.

Hays Sales & Marketing:
Within finance IT, junior to mid level sales and marketing candidates are in demand. At the management level, employers are looking for candidates with solid experience in both people management and generating revenue/contacts. Within the consumer market, Marketing Director candidates are sought. Employers are also looking for candidates with skills related to online businesses and E-commerce Managers.

Hays Supply Chain:
Experienced candidates in Demand Planning and Procurement / Direct Purchasing are in very high demand from the High-tech, Aerospace, Retail, Medical Devices and Pharma industries. Process Kaizen specialists are more in demand as well. There is an increased amount of specialist positions, along with manager and director positions available in the market.

View the full Hays Quarterly Report at www.hays.co.jp/en/quarterly_report from Wednesday 13 July, 2011.

Hays, the world’s leading recruiting experts in qualified, professional and skilled people.

For further information please contact:

Claire Martin
Tel: +81 (0)3 3560 1529
Hays Specialist Recruitment Japan K.K.


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