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The trade in people: a former recruiter looks at the industry in Japan asking the question, has the bubble burst?(Recruitment industry)

Publication: Japan Inc.
Publication Date: 01-MAR-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
With the need for strong, foreign executive recruiters having been created through the demand to move high-caliber professionals, often within tightly knit industries, a lot of the demand has come on the back of strong financial optimism and forecasted growth.

Over the past few months, we...

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...have seen this optimism exit somewhat hastily, 'stage-left.' One question on the lips of the pessimistic labor market followers is "what will this mean for the hundreds of recruiters who have come across substantial business and new found riches in the Japanese recruitment market?"

To be better equipped to answer this question, we need to understand that under the umbrella of the recruitment sector there are a number of very different types of operation.

The playing field

The first is the typical Japanese recruiting model, where job-seekers at all levels and in a broad spectrum of industries register with an agency (Recruit Agent, JAG Japan et al) who will then introduce suitable (or depending on the caliber of the consultant involved, not so suitable) positions at their client companies. In this industry, candidates are abundant but from experience I must admit that many of these candidates receive little in terms of demand for their services from client companies. With an increased focus on social networking both on and off line, businesses are now able to further utilize their present people resources to lure new employees (the 'friends get friends, good people bring good people'...

NOTE: All illustrations and photos have been removed from this article.

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