Japan Recruitment Leaders: This Will Still Be the Best Market post-Covid

by Tom Jones |

Japan Recruitment Leaders Voice Market Optimism

In Part 1 (Japan Recruitment Leaders Speak On Market Challenges) we focused on the additional challenges Japan recruitment faces heading into a winter season where Covid and the economy remain a worry for professionals and the businesses they work for — and where many are still splitting time between home and office. Some of these challenges related to virtual work & management, slowed or stopped hiring, onboarding difficulties, increased caution among candidates, along with a number of others.

But!

For those willing and able to take a slightly longer view of the market we`ve found some very good reasons to be optimistic that this will continue to be the best damn recruitment market in the world. Here they are.

“One can do a lot more candidate interviews in a day – and don’t have to always do these interviews in the evening after people have finished work.” Simon Cropper, Regional HR Director, Domo
“Japan has always been comparatively slow to modernize but this has been a catalyst: it provides an opportunity to offer more enlightened work styles, more health benefits, more retention benefits.” Jeremy Sanderson, Founder, Icon Partners
“Japanese candidates have become more sophisticated about developing their skills and careers in order to advance their career opportunities. This will further increase both candidate supply and demand.” Lawrence Kiefler, COO, Fidel Consulting
“COVID has changed the paradigm of what “work” means, which will redefine what “talent” looks like for an organization. This will require a significant retooling of workforces around the world and open the door for an increased volume of hiring as companies transition.” Victor Nwakanma, EVP, Boyd & Moore Executive Search
“The job is all about relationships and those who have spent time developing them. This is the time to show your clients and candidates your strengths and build on those relationships. Those that do that, will be fine.” Simon Chambers, RGF
“Japan has been less impacted by Covid 19 than most G7 economies. Many Japanese subsidiaries of US and European listed corporations are performing comparatively well in 2020. This will mean many US and European companies will continue to see Japan as a good place to invest in.” Simon Jelfs, FocusCore, F&A Recruitment Leader

KEY TAKEAWAYS:

  • JAPAN WILL REMAIN A HIGHLY DESIRABLE MARKET FOR COMPANIES LOOKING FOR A RELATIVELY SAFE REGION WITH SIGNIFICANT UPSIDE TO INVEST IN
  • AS COVID EASES, DEMAND FOR CANDIDATES WILL SNAP BACK– EVEN AS RECRUITING PROCESSES HERE BECOME EASIER, MORE EFFICIENT, AND CLIENT ATTITUDES BECOME MORE FLEXIBLE
  • DESPITE THESE IMPROVEMENTS, DEMOGRAPHICS WILL ENSURE THIS REMAINS A CANDIDATE-DRIVEN MARKET WITH CANDIDATE AVAILABILITY LAGGING HIRING DEMAND
  • SERIOUS RECRUITMENT PROFESSIONALS CAN LOOK FORWARD TO A VIBRANT MARKET TO PLAY IN AS COVID EVENTUALLY RECEDES

Sometimes its hard to feel where things like this will lead in this business. But those of us who have been around awhile have seen things like the implosion of the NASDAQ and tech during the Dot Com bust, Lehman Shock, and a trifecta of disasters in 2011. Each of these were very serious; and yet somehow the recruitment market just kept getting bigger and more vibrant. The `Rona will be no different.


Very big thanks to the many leaders and recruitment veterans who took the time to speak with us about this article. If you enjoyed it and haven`t read Part 1 of this series, click into Japan Recruitment Leaders Speak On Market Challenges. Or go onto Part 3, Japan Recruitment Leaders Unfiltered, where we have longer excerpts from several of the people we interviewed.

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