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The Japanese government’s fiscal strategy improved market confident, contributing to increased recruitment activity, according to Robert Walters in their 2013 half-year market update. Employers across Japan recruited in larger volumes, and more professionals sought to change career during 2013.
“We expect the positive sentiment to remain through the second half of 2013, which should lead to sustained hiring in Japan. Improved confidence should contribute to more companies looking to hire, along with more workers actively looking to change jobs. Industries relying heavily on exports; such as the automotive, electronic, and new energy sectors are anticipated to recruit the most actively if business continues to improve,” said Nathaniel Pemberton, associate director for Robert Walters, Osaka.
To manage the rise in transactional activity, financial institutions sought experienced credit risk and counter-party risk legal professionals. Financial data providers also strengthened their risk functions by seeking financial engineers with risk management experience.
The manufacturing sector in particular experienced increased recruitment activity due to the positive market sentiment. During the first half of 2013, demand for exported products increased as a result of a depreciated yen and rising production costs in China and Malaysia. Manufacturers sought more sales professionals, program managers and technical engineers to support the growth in business activity, particularly at the junior and mid-levels.
Despite the increase in business volume, many employers remained cautious about the recovery’s long-term sustainability. To avoid over hiring permanent staff, companies employed contract professionals to support the increase in day-to-day transactions. Companies especially sought accountancy contractors with costing, accounts payable and receivable and general ledger experience.