Will the recovery trend of the “human resources industry” continue in 23 years? | Special | Toyo Keizai Online

We consider various risks and verify the best and worst scenarios for each industry. Excerpt from the industry and company part of the special feature “2023 Big Forecast”.

What will happen to the recruitment environment in 2023? (Photo: tadamichi / PIXTA)

Read other articles in the special feature “2023 Big Forecast | Industry and Company Edition”

Frequent layoffs

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Since the second half of 2022, layoffs (temporary layoffs) originating in the US high-tech industry have occurred frequently. Even outside the high-tech industry, the demand for human resources, which had surged due to the local recovery from the corona crisis, has now calmed down.

Recruit Holdings (HD)’s global job search engine “Indeed” is also slowing down on a local currency basis in the United States and Europe.

“Although the labor market is still very tight (supply and demand), it is gradually leveling out. It remains unclear to what extent the current situation, in which policy interest rates are being raised at an unprecedented speed, will reduce hiring demand. is”. Hisayuki Idekoba, CEO of Recruit Holdings, said so at an interim financial results briefing in November.

Although these trends in the United States and Europe are worrisome, the Japanese human resources market is currently booming. The active job openings-to-applicants ratio in October 2022 is 1.35, and has continued to rise moderately over the past year. The performance of each company that develops job advertisements, recruitment, and temporary staffing is also trending back.