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TOKYO, Sept 6, 2012 - (ACN Newswire) - The traditionally slow hiring season in Japan's second quarter resulted in stable job advertisement volumes, increasing by 0.6% over the previous quarter. In contrast, advertising volumes in Asia grew by 11.8% during the same time period. According to the Asia Job Index, much of the hiring was completed prior to the fiscal year-end as companies attempted to fill headcount and spend their remaining yearly budgets. Also, many companies focused on integrating new hires in April following the traditional joining season in Japan. As a result, Q2 advertising slowed following the hiring peak in March.
Retail and engineering positions experienced a noticeable increase during this time. Retail firms increased advertising volumes by 6.4%, driven both by Japanese firms looking to grow internationally, and foreign companies expanding their presence locally. Engineering on the other hand, saw a 7.8% increase in advertisements as many firms hired on a temporary basis to accelerate the completion of projects. One major area of demand was from new energy companies. This demand followed the shutting down of Japan's nuclear power stations.
Job advertisements volumes in the second quarter were also a significant improvement over levels witnessed last year (+43%). Recruitment decisions were delayed in March 2011 as businesses in Japan struggled with the impact caused by the earthquake and tsunami. As a result, recruitment levels were limited in Q2 2011. The rebound in job advertisements suggests the return of business conditions across most industries in Japan.
To download the full report, visit www.asiajobindex.com .
Other key findings in Asia:
- Retail and property management continued to be a source of strength, particularly in China, as consumer purchasing power grows across the region
- In Singapore, the number of roles advertised within operations and logistics increased by 21.3% as more major international corporations decide to establish branches in the city-state
- In China, demand for editors and reporters, particularly for roles within social media, increased by 25.4%
- Advertisements for accountancy and finance professionals were up 27.9% in Korea. Advertisements in China, Hong Kong and Singapore also grew reflecting the ongoing demand for higher standards of regulatory reporting in the region
About the Asia Job Index
The Robert Walters Asia Job Index was launched with the view of creating a quarterly defacto barometer for the job market across the region by tracking the number of job advertisements in both print and online media. Since its inception, the Index has grown in scope and now covers Japan, Korea, Singapore, China, Hong Kong and Malaysia. www.asiajobindex.com
About Robert Walters PLC
Robert Walters is one of the leading international recruitment consultancies and uses its distinct advantages of size, proven track record, and unparalleled global network to provide permanent and contract recruitment solutions across all industry sectors. www.robertwalters.com
Contact:
Ambrose Lau, PR Specialist
t: +81 (0)3 4570 1513
e: ambrose.lau@robertwalters.co.jp
Topic: Press release summary
Source: Robert Walters
http://www.acnnewswire.com
From the Asia Corporate News Network
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