News & Report
Number of job openings in July is at the second highest since the initiation of this monthly report, prolonging a “seller’s market” for top global talent.
**The July global job-opening-to-application ratio is 1.56**
Daijob Global Recruiting Co. Ltd (Head office: Minato-ku, Tokyo; President: Yuji Shinohara), a subsidiary of Human Holdings Co. Ltd, which operates the bilingual job search site Daijob.com, summarized the global job-opening-to-application ratio as of the end of July 2017.
※The global job-opening-to-application ratio expresses the supply-demand balance for job openings for bilingual job seekers (with at least two languages) with business level skills (job-opening-to-application ration= = job openings ÷ job seekers)
Although the global job-opening-to-application ratio fell by 0.02 points from the previous month, it remained for the most part stable at 1.56. Job openings have increased by 7% from the previous month, to the second highest since the initiation of this report in 2013. With this growing shortage of applicants, companies remain highly motivated to recruit, meaning a “seller’s market” for global talent is expected to continue.
◆Global Job Openings to Job-Seekers Ratio by Occupation
Top 3 Job Categories
•Medical/Pharmaceutical/Biotechnology/Materials/Food Technology 8.11 (+1.94 points from June)
•Electronics (Appliances/Semiconductor) 6.20 (-0.90 points from June)
•Creative (Internet-related) 5.67 (+5.00 points from June)
Looking at the July global job-opening-to-application ratios by job category, the top-three categories were Medical/Pharmaceutical/Biotechnology/Materials/Food Technology, Electronics (Appliances/Semiconductor), and Creative (Internet-related). Medical/Pharmaceutical/Biotechnology/Materials/Food Technology has ranked in the top-three for six consecutive months. The rate has stayed above 6.0 for that duration.
Additionally, among 22 job categories, the number of job openings increased in 11 categories. In particular, significant growth was seen in Creative (Internet-related), which increased to 183.3% of that of the previous month, Finance / Bank / Securities / Insurance, which increased to 169.2% of that of the previous month, and Customer Service, which increased to 137.5% of that of the previous month.
◆Global Job Openings to Job-Seekers Ratio by Industry
Top 3 Industries
•Electric Utilities, Gas, Heating, Water Supply 5.00 (+3.63 points from June)
•Agriculture, Forestry, and Fisheries 3.14 (-1.14 points from June)
•Telecommunications 2.85 (-0.38 points from June)
Looking at the July global job-opening-to-application ratio by industry, the top-three industries are Electric Utilities, Gas, Heating, Water Supply; Agriculture, Forestry, and Fisheries; and Telecommunications. While Agriculture, Forestry, and Fisheries had a 1.14 point drop from the previous month, the ratio still remains high as there are fewer applicants than openings.
Additionally, the number of job openings has increased in 8 out of 12 industries. Medical, Social Welfare increased approximately ten-fold from that of the previous month and nearly four-fold from the same month last year. Finance, Insurance increased to 58.2% of that of the previous month, and Electric Utilities, Gas, Heating, Water Supply increased to 36.4% of that of the previous month.