About Michael Page
As part of PageGroup, Michael Page 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 139 offices in 36 countries worldwide. First established in London in 1976, Michael Page has been bringing job seekers and employers together for more than 40 years.
2017 Michael Page Japan Salary and Employment Outlook
Summary
· Hiring is expected to pick up this year, especially in the healthcare and life sciences technology sector. This is led by a consistent demand for innovative solutions in light of the country’s rapidly ageing population.
· Talent shortages will continue to be a challenge in many industries. In particular among the foreign multinationals, where bilingual speakers effectively proficient in both English and Japanese are limited.
· Contract employees, which currently make up about 40 per cent of the national workforce, will remain a major human resource for most companies.
Details
Japanese companies are looking forward to a better year ahead after a relatively challenging 2016. Michael Page Japan’s Managing Director, Richard King, explains “Hiring is expected to pick up this year, especially in the healthcare and life sciences technology sector. This is led by a consistent demand for innovative solutions in light of the country’s rapidly ageing population.”
Talent shortages will continue to be a challenge in many industries. In particular among foreign multinationals, where bilingual speakers effectively proficient in both English and Japanese are limited. Movement across companies remains rare as employees often stay with their organisations for the long term.
Hiring manager in cloud computing, big data and artificial intelligence will face challenges securing mid- to senior-position executives with in-depth experience.
Still, Japan’s domestic technology sector will likely stay ahead of other markets when it comes to inventing new products and services.
Candidates with industry experience and competency in engineering and programming skills are likely to receive multiple offers.
The financial services sector is growing with increased caution. Revenue growth has dipped and banks are cutting back, choosing instead to focus on core markets. Another area on the decline is retail, as overall spending has dipped along with waning consumer confidence and a slowdown in tourist spending.
Contract employees, which currently make up about 40 per cent of the national workforce, will remain a major human resource for most companies.