Against a backdrop of increasing and broad-based manpower shortages, Japan’s employment landscape is undergoing profound change. With students now seeking better working conditions, Japanese companies are struggling to hire new talent (c.f. article No. 10218), and as a result are offering higher salary levels and better working conditions.
Never during the past decade has the employment market been more attractive for job seekers. Data from the Ministry of Health and Social Affairs (30 January 2018) has the job offer|job seeker ratio standing at 1.5 in 2017 (an indicator of labor market tightness), while the Internal Affairs Ministry reported that the unemployment rate continues its seven-year fall, and is now down to 2.8%. “Labor costs are rising because companies want to retain their staff. This burden is becoming...
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