Fresh grad hiring is increasing in Japan after 4-year-low

Fresh grad hiring is increasing in Japan after 4-year-low
  • Home
  • Articles
  • Fresh grad hiring is increasing in Japan after 4-year-low

Big Japanese companies are increasing the hiring of college graduates for the first time in four years as the economy recovers from a pandemic slump and a labor shortage intensifies competition for talent.

According to a survey by the financial newspaper Nikkei, graduating seniors who have accepted job offers, including those finishing graduate studies, is up 5.7% to 116,079 this year.

The increase, said Nikkei, is due partially to a slowdown of hiring freezes during the height of the pandemic. At the same, companies are turning to new graduates to fill holes as more young workers leave for other jobs.

Student recruitment in nonmanufacturing sectors has picked up for the first time in four years, with a four per cent gain. Meanwhile, the hotel and travel industry is seeing a sixfold surge, and restaurants and other services are up four per cent.

Moreover, science and engineering students are also becoming popular hiring targets as companies go digital. Recruitment among this group rose 8.8%, following an uptick last year.

However, Nikkei also emphasized how the demand is not being matched by the supply. This signifies that the race for talent in the country will continue through next year.

Japan Research Institute Vice Chairman Hisashi Yamada said “the structural labor shortage caused by factors such as low birthrates will continue.”

He added that companies could also hire fewer than what they are planning due to an economic slowdown caused by the monetary tightening in the United States (US) and European region. 

Read more here.

Start your
journey today

  • Independent
  • Secure
  • Transparent

Access fantastic talent at world-leading prices

Scale your business fast while reducing costs —
the average all-in employment costs in the
Philippines are typically 70% less than its
Western counterparts

Philippines United Kingdom Australia United States
Software Developer
$7,221
$39,913
$62,653
$81,994
HR Manager
$9,506
$46,669
$66,518
$78,007
Team Leader
$7,152
$31,174
$45,428
$75,823
Accountant
$5,959
$58,479
$67,190
$72,923
Copy Writer
$4,767
$52,088
$56,600
$62,653
Customer Service
$3,337
$22,137
$29,717
$35,275
Virtual Assistance
$2,285
$39,066
$42,240
$31,797
Select a role to view salaries
Philippines $7,221
United Kingdom $39,913
Australia $62,653
United States $81,994

Avoid guesswork. Talk to the experts, free.

Get 3 free quotes

You can save 70% on staff costs, whilst driving quality & growth. Connect with an outsourcing expert to see how outsourcing can transform your business.

Why choose us?
  • Independent and unrivalled expertise
  • We carefully match you from 3,000+ leading suppliers
  • Access to Outsourcing Savings Calculator & Report

Get Started

How many staff to outsource?

About OA

Outsource Accelerator is the trusted source of independent information, advisory and expert implementation of Business Process Outsourcing (BPO).

The #1 outsourcing authority

Outsource Accelerator offers the world’s leading aggregator marketplace for outsourcing. It specifically provides the conduit between world-leading outsourcing suppliers and the businesses – clients – across the globe.

The Outsource Accelerator website has over 5,000 articles, 350+ podcast episodes, and a comprehensive directory with 3,000+ BPO companies… all designed to make it easier for clients to learn about – and engage with – outsourcing.

About Derek Gallimore

Derek Gallimore has been in business for 20 years, outsourcing for over eight years, and has been living in Manila (the heart of global outsourcing) since 2014. Derek is the founder and CEO of Outsource Accelerator, and is regarded as a leading expert on all things outsourcing.