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Japanese Hiring Confidence Impacted by Global Events - Robert Walters

Japanese Hiring Confidence Impacted by Global Events - Robert Walters

Robert Walters, the international recruitment consultancy, recently publishes its Asia Job Index for Q4 2011. The Robert Walters Asia Job Index tracks advertisement volumes for professional positions across the leading job boards and national newspapers in Japan, Hong Kong, Singapore, China, Korea and Malaysia.

The impact of the Thai floods, the strength of the yen and the impact of economic uncertainty in the Eurozone impacted confidence levels in Japan.

Consumer confidence suffered, resulting in reduced demand for sales and retail servicing roles, down 26% over the quarter. Many employers delayed hiring decisions which lead to a sharp decline in recruitment activity from October to December 2011 (42%).

Hiring activity should improve in 2012 as Japanese companies look to spend more on IT functions in a bid to catch up with foreign competitors and satisfy the high demand for mobile technology.

Key findings:

- Total job advertisements across the region fell by 3% from Q3 to Q4 2011.

- Recruitment advertising activity in Japan tailed off significantly from October to December 2011, with job advertisements decreasing by 42% from October to December and 8% from Q3 to Q4.

- The floods in Thailand affected hiring levels in countries such as Japan where supply chains have been disrupted and manufacturing output has suffered.

- IT services increased advertisements by 2% due to the high demand for mobile technology.

- Lower consumer confidence resulted in reduced demand for sales and retail servicing roles, down 26% over the quarter.

To download the full report, visit http://www.asiajobindex.com/

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