According to an employment trend survey of 2017 published by the Ministry of Health, Labor and Welfare on August 9th, the ratio of people whose wages increased with a change of job was at 36.2%, 0.9% higher than the previous year, and the second highest level since 2004.
The results highlighted that currently in Japan it is easier to increase your salary if you change jobs. This is due to the seller’s market condition, the economy continuing to boom, and the size of available workforce continuing to decline.
Looking at the wage rise by age, 53.4% is for people under 19 years old, 40.8% 20 to 24-year-olds, 45.6% 25 to 29-year-olds, 41.9% for 30 to 34-year-olds, and 48.2% for 35 to 39-year-olds. Nearly half of the employees over the middle-aged group of 35 years old were found to have achieved salary increases.
In addition, the number of people entering a company in 2017 was about 7.88 million and the number of people leaving a company was about 7.34 million. This was the fifth consecutive year that the hiring rate exceeding the number people leaving. Looking at the number of employees by type of employment, the number of full-time workers increased by approximately 330,000 from the previous year to approximately 4.457 million, while the number of part-time workers only decreased to approximately 3.3 million, a drop of 130,000 from the previous year. This shows that full-time employment chances are also increasing.
According to the data from the Ministry of Health, Labor and Welfare, we can see that the job market in Japan is at an unprecedented seller’s market, and the situation is currently very favorable for job seekers. In recent years, talented overseas personnel are increasingly being recruited by not only major companies but also small and medium-sized enterprises to help promote overseas development in anticipation of the inevitable shrinking domestic market in the future. Therefore, for those who want to work in Japan, it is getting a lot easier to find work.
If you are interested in moving to Japan and getting a job at a Japanese company, why not take advantage of this current seller’s market?