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Japan – Graduate recruitment levels to rise

24 March 2014

Nearly a quarter (23%) of major companies in Japan plan to hire more fresh graduates in financial year 2015 than in financial year 2014, according to a survey from the Kyodo News agency, reports globalpost.com.

For financial year 2014, the figure was 18% according to a survey conducted last year. An increased readiness to expand employment was particularly evident among companies looking to grow internationally or begin operating in new business fields.

In response to the survey, 24 companies of the 106 firms surveyed said they will increase hiring for financial year 2015. In contrast, 12 (11%) said they plan to reduce hiring levels in financial year 2015, down from 19% a year ago.

Some 39 companies (37%) said their financial year 2015 hiring will be at a similar level to that of 2014, while 31 firms (29%) said they have yet to determine their hiring plans.

The survey found 89 companies (84%) said the economic policies initiated by Prime Minister Shinzo Abe had little impact on their hiring plans. Known as "Abenomics," the policies involve aggressive monetary easing and fiscal spending.

In a multiple-choice question about hiring criteria, 76 companies (72%) cited ability to take action, followed by 45 firms (42%) that valued personality and sense of responsibility.

The survey also found 57 companies (54%) said they have started to conduct recruitment activities more than once a year.

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