JAPAN RANKS AMONG TOP TALENT NETWORKS GLOBALLY IN SELECTED INDUSTRIES ACCORDING TO NEW HAYS REPORT
Market dominated the top of the charts across manufacturing and life sciences for supply of talent
Japan, 12 Sep 2024 – Japan was identified as a top talent network across two industries in a new Hays report that details markets with the strongest talent profiles, those struggling with the biggest talent deficits, and where organisations can find the most cost-effective talent networks to hire the skills they need.
The report, ‘The Workforce of the Future: Navigating the Skills Disruption', examines five sectors - technology, engineering, banking, financial services and insurance (BFSI), manufacturing and life sciences - in over 30 markets.
Data was collated and aggregated in May 2024 from hundreds of thousands of third-part data sources including merged and de-duplicated social profiles and job board adverts, yielding data from over 10 million professionals in Japan.
Talent in each country was ranked based on several key indicators, including how many professionals were available to take on roles, and how much experience they had accrued in their profession. Countries with the greatest supply of professionals within a sector were ranked as top talent networks within that industry.
Additionally, countries were spotlighted as emerging talent networks if they contained a high volume of professionals with 0-3 years of experience.
“We are seeing talent shortages impact businesses on a global scale, particularly as global megatrends such as economic disruptions, tech advancements, changing work expectations and ageing workforces force organisations to re-examine pipelines for acquiring the best talent for the job,” says Grant Torrens, Managing Director at Hays Japan. “It is imperative that leaders have these conversations to develop a workforce planning strategy that balances the talent they need with considerations such as location, level of experience and cost.”
Japan was ranked 5th for top talent networks in manufacturing, seen as an important sector of focus with the advent of Industry 4.0 which brings with it development opportunities and the potential to transform manufacturing for the better.
“Talent deficits in manufacturing are widespread globally, with 11 out of 31 countries sharing the top five ranking in this category. Leaders will want to explore nearshoring talent options to tap into Japan’s healthy supply of manufacturing professionals,” says Grant.
Japan was also ranked 4th for top talent networks in life sciences, and is considered a market with an established reputation for professionals in the field.
“Japan is ahead when it comes to talent supply for life sciences with an incredible 153 professionals available per role. With strong demand for suitable talent globally, leaders wishing to search beyond their borders for the right fit will need to review their employee value propositions to provide candidates a sense of purpose for the job,” says Grant.
A copy of this report can be found here.
The report, ‘The Workforce of the Future: Navigating the Skills Disruption', examines five sectors - technology, engineering, banking, financial services and insurance (BFSI), manufacturing and life sciences - in over 30 markets.
Data was collated and aggregated in May 2024 from hundreds of thousands of third-part data sources including merged and de-duplicated social profiles and job board adverts, yielding data from over 10 million professionals in Japan.
Talent in each country was ranked based on several key indicators, including how many professionals were available to take on roles, and how much experience they had accrued in their profession. Countries with the greatest supply of professionals within a sector were ranked as top talent networks within that industry.
Additionally, countries were spotlighted as emerging talent networks if they contained a high volume of professionals with 0-3 years of experience.
“We are seeing talent shortages impact businesses on a global scale, particularly as global megatrends such as economic disruptions, tech advancements, changing work expectations and ageing workforces force organisations to re-examine pipelines for acquiring the best talent for the job,” says Grant Torrens, Managing Director at Hays Japan. “It is imperative that leaders have these conversations to develop a workforce planning strategy that balances the talent they need with considerations such as location, level of experience and cost.”
Japan was ranked 5th for top talent networks in manufacturing, seen as an important sector of focus with the advent of Industry 4.0 which brings with it development opportunities and the potential to transform manufacturing for the better.
“Talent deficits in manufacturing are widespread globally, with 11 out of 31 countries sharing the top five ranking in this category. Leaders will want to explore nearshoring talent options to tap into Japan’s healthy supply of manufacturing professionals,” says Grant.
Japan was also ranked 4th for top talent networks in life sciences, and is considered a market with an established reputation for professionals in the field.
“Japan is ahead when it comes to talent supply for life sciences with an incredible 153 professionals available per role. With strong demand for suitable talent globally, leaders wishing to search beyond their borders for the right fit will need to review their employee value propositions to provide candidates a sense of purpose for the job,” says Grant.
A copy of this report can be found here.
About Hays Japan
Hays Specialist Recruitment Japan KK ("Hays Japan"), established in Tokyo in 2001, is one of the largest foreign recruitment companies in Japan with three offices across the country (Tokyo Head Office, Osaka and Yokohama).
At Hays Japan, our experts provide professional services across the private sector, dealing in permanent positions, contract roles, recruitment process outsourcing (RPO), Managed Service Programmes (MSP) and IT solutions in the following 13 specialisms: Accountancy & Finance, Banking & Financial Services, Engineering, Marketing & Digital, Human Resources, Insurance, Legal, Life Sciences, Office Professionals, Property, Sales & Marketing, Supply Chain and Technology. This ensures a highly focused, fully tailored specialist recruitment service, enabling us to power the future of work by serving thousands of companies and candidates in Japan. Hays Japan is recognised as a Great Place to Work® by the esteemed Great Place to Work® Institute Japan, the global authority on workplace culture.
About Hays
Hays plc (the "Group") is the world’s leading specialist in workforce solutions and recruitment, such as RPO and MSP. The Group is the expert at recruiting qualified, professional, and skilled people worldwide, being the market leader in the UK, Germany, and Australia and one of the market leaders in Continental Europe, Latin America, and Asia. The Group operates across the private and public sectors, dealing in permanent positions, contract roles and temporary assignments. As of 30 June 2024, the Group employed over 11,100 staff operating from 236 offices in 33 countries. For the year ended 30 June 2024:
– the Group reported net fees of £1,113.6 million and operating profit of £105.1 million.
– the Group placed around 57,700 candidates into permanent jobs and around 225,000 people into temporary roles.
– 13% of Group net fees were generated in Australia & New Zealand, 32% in Germany, 20% in United Kingdom & Ireland and 35% in Rest of World (RoW).
– the temporary placement business represented 59% of net fees and the permanent placement business represented 41% of net fees.
– Technology is the Group’s largest division, with 25% of net fees, while Accountancy & Finance (15%) and Engineering (11%), are the next largest.
– Hays operates in the following countries: Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, the Czech Republic, Denmark, France, Germany, Hungary, India, Ireland, Italy, Japan, Luxembourg, Malaysia, Mexico, the Netherlands, New Zealand, Poland, Portugal, Romania, Singapore, Spain, Sweden, Switzerland, Thailand, UAE, the UK, and the USA.
– the Group placed around 57,700 candidates into permanent jobs and around 225,000 people into temporary roles.
– 13% of Group net fees were generated in Australia & New Zealand, 32% in Germany, 20% in United Kingdom & Ireland and 35% in Rest of World (RoW).
– the temporary placement business represented 59% of net fees and the permanent placement business represented 41% of net fees.
– Technology is the Group’s largest division, with 25% of net fees, while Accountancy & Finance (15%) and Engineering (11%), are the next largest.
– Hays operates in the following countries: Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, the Czech Republic, Denmark, France, Germany, Hungary, India, Ireland, Italy, Japan, Luxembourg, Malaysia, Mexico, the Netherlands, New Zealand, Poland, Portugal, Romania, Singapore, Spain, Sweden, Switzerland, Thailand, UAE, the UK, and the USA.