In June 2024, global job seeker trends Overall Increase in Activity, Following "Admin Roles" at 24.1%, Two Job Categories Show More Than 10% Growth

<<Click here for the article in Japanese>>

On July 5th, Tokyo Shoko Research announced data related to bankruptcies caused by "Labor Shortage." Bankruptcies attributed to labor shortage in the first half of 2024 (January to June) saw a significant surge, with 145 cases reported (an increase of 116.4% compared to the same period last year). At the current pace, this year will likely surpass the record of 2023 (158 cases), making it the highest number of bankruptcies ever. Among industries, the service sector accounted for the highest number with 46 cases (a 155.5% increase compared to the same period last year). (*1)
While the tourism and food service industries continue to flourish, the recruitment of talent has become increasingly challenging. In response to these concerns, our company has decided to organize a career fair on September 13th, specifically tailored to the hospitality industry.

Let's take a look at what happened to the “Trends in Global Human Resources (*2)” in June 2024.

*1 Tokyo Shoko Research Corporation, "145 Bankruptcies Related to Labor Shortage in the First Half of 2024, Worst Pace Since the Start of the Survey, Possibility of Exceeding the Annual Record," July 5th, 2024.

*2 Trends among users registered on Daijob.com who possess business-level proficiency in both English and Japanese, based on users with "application history" or "interest shown in scout emails.

Main Topics

• Overall increase in activity compared to the previous month, with "Admin Roles" at 24.1% and two job categories showing more than 10% growth.

• Overall increase in activity compared to the same month last year, with "Service/Retail," and "Finance/Insurance/Real Estate" showing an increase of over 30%.

■Overall increase in activity compared to the previous month, with "Admin Roles" at 24.1% and two job categories showing more than 10% growth.

Following the positive trend in May, there was a general increase in activity, particularly in "Admin Roles" (+24.1%) and "IT-related" positions (+12.5%). However, the "Sales" (-16.8%) and "Consulting" (-13.0%) sectors, which performed well in May, experienced a decline.

■ Overall increase in activity compared to the same month last year, with "Service/Retail" and "Finance/Insurance/Real Estate" showing more than 30% growth.

Similar to May, there was an overall increase in activity. "Service/Retail" (+31.8%), "Finance/Insurance/Real Estate" (+31.7%), "Executive/Management" (+29.9%), and "Creative" (+21.4%) sectors saw significant growth. The "Creative" sector, like in May, showed substantial growth. On the other hand, the "Education/Training/Language" sector has continued to show a declining trend since November 2023.

Similar to May, there was an overall increase in activity in June as well. Employers have completed their responses to new graduates and experienced hires who started in April, and they have begun considering their business structure for the second half of the year, leading to an increase in job postings for September hires. On the job seeker side, the received summer bonuses and the intensification of recruitment activities are believed to be the main reasons for the increased activity.

Some individuals may take summer vacation soon. To ensure that top-notch global talents are not missed out, let us take measures and make preparations before the vacations.