Japan is grappling with a significant skills shortage, with a staggering 71% of companies impacted. This rate ties with Thailand, making it the highest in Asia. According to research conducted by Hays, competition, salary concerns, and limited promotion opportunities contribute heavily to this talent crisis.
Key Points
- 71% of Japanese companies are experiencing a ‘medium to severe’ skills shortage.
- Competition stands as the primary challenge for recruiters at 47%, followed by salary levels at 33% and promotion opportunities at 27%.
- Mid-level roles are the hardest to fill, followed by managerial, entry-level, C-level, and director positions.
- 56% of companies plan to increase their workforce in 2025 to mitigate skills shortages, with many focusing on employee retention.
- Communication and interpersonal skills are the top soft skills sought by employers.
Why should I read this?
If you’ve ever wondered about the job market in Japan or are interested in corporate hiring trends, this article is a must-read. The crunch in skilled professionals is pushing companies to rethink their strategies, focusing on retaining existing talent instead of just hiring new. It’s a situation that showcases both the challenges and opportunities in today’s workforce landscape—no one can afford to miss out on these insights!