Survey of Corporate Attitudes towards Hiring Trends for 2022
62.2% of companies are planning to hire full-time employees in 2022
— Hiring increased in one in four companies, to a level unseen since 2018 —
The effective ratio of job openings to applicants showed an upward trend after May 2021, and increased to 1.27 as of January 2022. On the other hand, the labor shortage ratio of full-time employees and non-full-time employees for February 2022 decreased to 47.0% (down 0.8 points MoM), and 27.5% (down 0.5 points MoM) respectively, due partly to the current spread of the Covid-19 omicron variant, and the impact of accompanying measures to reduce the movement of people, such as semi-emergency coronavirus measures. Uncertainties in corporate employment trends will still be heightened against a background of Covid-19, the situation in Ukraine, the soaring raw material costs, and wage trends, etc.
Therefore, Teikoku Databank has conducted a survey of corporate attitudes towards hiring trends for 2022. This survey was conducted in conjunction with the February 2022 TDB Trends Research.
*Survey period: February 14 – February 28, 2022; Companies Surveyed: 24,213; Valid Responses: 11,562 (Response Rate: 47.8%) The survey of hiring trends has been conducted every year since February 2005, and this is the 18th such survey.
*Details of this survey can be found on the dedicated Economic Trends Survey HP. (http://www.tdb-di.com/).
Primary points of survey results(summary)
- 1 Companies responding that they are planning to hire full-time employees in 2022 stood at 62.2% (up 6.9 points YoY). The percentage of companies responding with an increase in the number of new hires grew to 25.5% (up 5.5 points YoY), a level unseen for the first time in four years since 2018. Conversely, the percentages of companies responding with a decrease in the number of new hires, and those with no plan to hire fell to 6.9% (down 1.8 points YoY) and 27.4% (down 5.1 points YoY), respectively.
- 2 The percentages of companies responding that they are planning to hire non full-time employees, and those responding with an increase in the number of new hires, grew to 46.3% (up 9.5 points YoY), and 12.5% (up 4.3 points YoY), respectively, this is in the case of hiring full-time employees. Conversely, the percentages of companies responding with a decrease in the number of new hires, and those with no plan to hire, fell to 5.3% (down 1.4 points YoY), and 41.1% (down 7.1 points YoY), respectively.
- 3 When asked what kind of occupational personnel are being sought, sales professions such as sales position (41.7%) ranked top, followed by specialized /technical professions (34.3%), management position (20.9%), and administrative position such as clerical staff (20.0%). The number of professions that companies are seeking averaged 1.95 per company. Professions that companies seek tend to vary with business types.