Japan Companies Hiring Considerations:

 Article Source: https://mainichi.jp/english/articles/20230303/p2a/00m/0na/013000c

Article:

TOKYO -- The spring hiring season for next year's new graduates officially started on March 1, and around 60% of businesses in Japan are considering higher initial salaries, according to research by a major employment information company based in the nation's capital.

Mynavi Corp. took responses from 2,036 businesses in a survey this February. The results signal that more firms have taken a positive turn as the economy picks up from the lull caused by the COVID-19 pandemic. The percentage of companies planning to hire more graduates with liberal arts and humanities degrees has increased by 8.6% from last year to 27.7%, while 29.8% said they will hire more graduates with science degrees, up by 6.9%.

Ideas:

It seems the long hiring season might take away from students and their studies. But maybe it doesn't matter in Japan as maybe grades aren't that important for hiring.

At the same time liberal arts and the humanities should be given more importance as they provide a more well-rounded education instead of other degrees. Students maybe think to think more critically and write more critically, if those are important skills in Japan that Japanese might be interested in. Maybe not, as maybe they just want compliant workers who don't think but only follow orders still.

Article:

Meanwhile, 52.6% of the companies answered that they would hire "the same number of employees as in the previous year" when it came to liberal arts graduates, while 52.3% answered they would do so in the case of science graduates -- the highest figures in the poll.

The survey also revealed that around half of responding companies believe the recruiting environment for both arts and science graduates in 2024 will become more pressing, and efforts to win over new workers is heating up.

Ideas:

It's important that companies increase salaries as workers these days are looking for the best salaries and the best work-life balance situations. 

It's no longer just about long hours and just accepting the hours but workers are looking for the best options available related to salaries, work-life balance, and benefits. 

New graduates should have an option to pick and choose and if they decide to not agree to work for a company later they should be pressure and or they should be allowed to continue to look for other openings and choice without pressure from a company they might have initially agreed to work for if they change their minds.

Article:

In efforts to hold on to talented employees, close to 60% of companies are considering, have scheduled or have already enacted increases for base pay and initial salaries -- 56.1% and 59.2%, respectively. Meanwhile, around 20% of companies are not planning pay rises for either, but sense that doing so is necessary.

According to another Mynavi survey, 68.2% of students responded that salary increases boost their interest in companies and their desire to apply for jobs at those firms, indicating that wage increases may expand in a seller's labor market.

Ideas:

Companies increasing salaries is a good way of course to show potential graduates that they are serious about hiring the best talent possible. 

At the same time companies need to be aware that it's not just salaries, which is important of course but work-life balance, being able to move up in a company and of course benefits are important too.

And lets not forget the idea of remote work. Maybe some new graduates might like the idea of remote work while some might like the idea of being among other workers and teams at the workplace so companies need to be flexible, if possible in what they can provide for the new graduates.

Have a nice day and be safe!