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World – Recruit CEO says ‘job hunting is ‘totally broken’ - Staffing Quote of the week

07 July 2021

The Chief Executive Officer of Recruit Holdings, the largest staffing firm in Japan, Hisayuki Idekoba said the pandemic has made it clear that the process of matching people to jobs is “totally broken”. In an interview with Bloomberg, Idekoba said “We know the fact that billions and billions of people are applying for jobs, and 90%, 95% of people are not hearing back anything from employers. Employers have no incentive to contact failed applicants once they fill their positions. That’s why we’re working on solving these problems.” Idekoba said he is focused on the jobs and staffing units as well as technology, adding that boosting the ability of Recruit’s consumer and jobs portals to share more data is a key goal. In May 2021, Recruit reported revenue for the fourth quarter ended 31 March 2021 of JPY 613.1 billion (USD 5.61 billion), an increase of 4.0% when compared to the same period last year.