'Abenomics' yet to affect hiring levels
Improved business sentiment in Japan due to the election of a new government has not yet affected hiring levels, according to the recently released 2013 Salary Survey by Robert Walters, one of the world’s leading specialist professional recruitment consultancies.
The comprehensive 14th edition of the annual Global Salary Survey, reports that the hiring outlook for 2013 is set to remain comparable to 2012, despite anticipated pro-business policies from the new Abe government dubbed “Abenomics.”
Companies in Japan will remain generally cautious and are set to focus on existing business rather than initiate expansion plans in the coming year. As a result, firms will look to improve or “up-skill” their workforces by hiring more experienced professionals with a stronger compliment of skill sets when replacing departing staff.
Multinational firms will also continue scrutinizing global staffing costs, which will create more difficulty for line managers to obtain local headcount approvals for incoming staff. Due to the lengthened hiring process, employers are expected to seek more experienced, non-managerial staff that are able to contribute immediately with minimal training. However, the availability of these professionals will remain limited in Japan, which may lead to wage inflation later in the year.
Lanis Yarzab, director of commerce and industry at Robert Walters Japan, said: “It is still far too early to determine any discernible movement in recruitment levels as a result of the anticipated policies of the Abe government. From our perspective, we expect businesses in Japan to remain cautious and recruit predominately on a replacement basis, rather than filling new headcount. To improve their existing teams, employers will look for workers with specialist skills when hiring for attrition.”