In August 2024, activity increased in half of the job categories compared to the previous month, particularly "Executive/Management" (27.9%) showed significant growth.
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As you walk through the streets of Tokyo, you may notice an increase in the number of foreigners. Year by year, the number of inbound tourists to Japan, the employment of foreign nationals, and the number of foreign residents (※1) have been reaching record highs. In a recent Daijob column titled "Is the new American Dream leaving America?" It was mentioned that in the United States, there is a growing trend of people wanting to move overseas due to political, security, and healthcare reasons. Similarly, in English-speaking countries such as Canada and Australia, the younger generation seems to be increasingly interested in relocating to other countries due to the challenges posed by rising real estate prices and the cost of living. An article about "People aiming for Japan" highlights Japan's popularity as a destination due to factors like public safety and well-developed public transportation. Therefore, now is a great opportunity to actively approach talented foreign candidates.
Let's now take a look at the status of "Global Talent Trends in August 2024".
(※1) Immigration Services Agency of Japan: "Number of Foreign Residents as of the End of Reiwa 5 (2024, March 22)" reference.
(※2) Trends of users registered on Daijob.com who can speak both English and Japanese at a business level, including those with "submitted applications" or "shown interest in scout emails"
Main Topics
Activity increased in half of the job categories compared to the previous month, particularly "Executive/Management" (27.9%) showed significant growth.
A year-on-year comparison shows overall increased activity, with "Sales", "Consulting", and "Finance/Insurance/Real Estate" showing more than 75% increase, mostly in the positive range.
■ Activity increased in half of the job categories compared to the previous month, particularly "Executive/Management" (27.9%) showed significant growth.
"Executive/Management" (27.9%) has continued to show growth since March 2024. Additionally, the "Finance/Insurance/Real Estate" sector, which had been sluggish since May, saw a turnaround with a (+11.9%) increase in activity. Conversely, the "Education/Training/Language" sector, which had been active since May, showed a trend toward decline (-18.1%).
Comparison of August “Job Seekers” Trends (2024, month-over-month)
■ Year-on-year comparison shows an overall increase, with "Sales", "Consulting", and "Finance/Insurance/Real Estate" showing more than 75% increase in activity.
For the past four months starting from May 2024, there has been continuous overall activity increase. Following the sectors of "Sales" (+84.1%), "Consulting" (+78.7%), and "Finance/Insurance/Real Estate" (+78.6%), significant positive growth was observed in "Electrical/Mechanical" (+60.6%), and "Executive/Management" (+56.8%). Sectors like "Sales" and "Service/Retail" have been consistently active since last month. On the other hand, the only sector that declined was "Education/Training/Language", which finally recovered from a negative trend that lasted for 8 months in July but returned to a declining trend this month.
Comparison of August “Job Seekers” Trends (2024, Year-on-Year)
Although there has been continuous overall activity since May, this month witnessed a decrease in activity in six out of the twelve sectors. As many companies offer summer vacations in August, leading to a slowdown in recruitment activities on the company side and candidates refraining from job searches, this could be the reason.
In September, we will hold a career fair specializing in the hospitality industry. We expect an increase in registrations, particularly from those seeking career opportunities in the same industry, as we strengthen our promotions. Therefore, companies facing challenges in talent acquisition in the service industry are encouraged to consult with us.
