Human Resources Business Market in Japan: Key Research Findings 2019
Yano Research Institute (the President, Takashi Mizukoshi) has conducted a survey on the domestic human resources business market and has found out the trends by service category, the trends of market players, and the future outlook.
The major three categories of human resources (HR) business market (i.e., the services of temporary staffing, recruitment (or employment), and re-employment (outplacement) support) in FY2018 grew by 7.1% on a year-to-year basis to have attained 6,183,100 million yen based on the sales at the service providers. The six specialist categories of HR business market (i.e., the services of engineer dispatch, sales and marketing staffing, online job information, part-time job/temporary job information, manufacturer dispatch/contract works, and medical staffing) increased by 8.1% on the same basis to have achieved 4,043,000 million yen. Except for re-employment support services that tend to shrink during the prospering economy, all other eight categories have shown market expansion. In particular, the services of recruitment, engineer dispatch, and online job information have respectively shown double-digit growth.
While Enterprises Enhance Trained Temporary Staffing, Vendors Not Able to Contrive Training Cost Becoming Difficult to Survive
In recent years when working population conspicuously decreasing, many HR companies suffer from inability to supply enough human resources. In order to cope with this situation, they have taken measures to vigorously give and enhance intensive training to unexperienced temporary workers for the particular jobs required by the client. This enhancement tendency is especially strong in the growth industry suffering from obvious shortage in talented people. On the other hand, the growth industry may suffer from oversupply of manpower in some categories in the near future due to rapid advancement in AI, IoT, and other technologies which require constant upgrading of the technologies as well as the knowledge. Therefore, it is important for HR business to perpetually supply human resources with adequate technologies and knowledge for meeting never-ending demand in the growth industry. At the same time, transferring of human resources to the growth industry has become regarded as more important than before. Because it takes time to be profitable after prior investment to HR training, disappearance of HR companies unable to invest may be accelerated.
The major three categories of HR business market (i.e., the services of temporary staffing, recruitment (or employment), and re-employment (outplacement) support) for FY2019 are projected to rise by 4.5% on a year-to-year basis to attain 6,462,400 million yen, based on the sales at the service providers. The six specialist categories of HR business market (i.e., the services of engineer dispatch, sales and marketing staffing, online job information, staffing for part-time jobs, manufacturer dispatch/contract works, and medical staffing) are expected to increase by 6.2% on the same basis to achieve 4,293,100 million yen.
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