[Global Power] Is the rumor that “foreign personnel will soon retire” true? *Global Power*
Press release: September 18, 2024
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Is the rumor that “foreign personnel will soon retire” true? *Early retirement within 6 months and rejection rate for new graduates and mid-career hires are both lower for foreign workers*
* Operates NINJA (hereinafter referred to as “NINJA”), an employment and career change information site for foreigners, where foreign personnel with a Japanese language business level or above register. Global Power Co., Ltd. (Headquarters: Taito-ku, Tokyo, Representative Director and President Takeuchi)
(Koichi Koichi) investigated the truth or falsity of the popular rumor that “foreign personnel retire soon.” *
* ◆Investigation method*
Of the 41,619 active users (as of May 27, 2024) who have published their resumes and accepted to receive scouts among NINJA members, the turnover rate and job offers within six months of those who actually decided to join the company. We tallied the decline rate and compared it with figures published in the labor market for Japan as a whole. Approximately 80% of the foreign human resources surveyed are highly-skilled foreign human resources or in the military, including residence status based on status, including those who have acquired Japanese nationality, technical/humanities specialist/international work, study abroad, and designated activities.
◆Purpose of the survey
As Japan’s population continues to decline, foreign human resources will be needed not only in terms of labor but also in terms of domestic demand and tax payments. To achieve this, we believe that it is necessary to create an environment where people can not only work, but also love Japan and feel happy living in Japan. We are releasing this survey so that each prefecture can use it as a reference for creating an environment that makes foreigners more likely to want to continue living there.
* ◆Definitions of words used in the report*
・Mid-career: Persons with at least one work experience, either domestically or overseas (excluding part-time workers and sole proprietorships)
・New graduates: Those who have no work experience, either domestically or overseas (excluding part-time workers and sole proprietorships) ・International students: Those attending educational institutions in Japan with the residence status of “Student”
・Overseas invitation: Persons who do not have a Japanese residence status at the time of finding employment or changing jobs
◆* Survey results*
* 1. The turnover rate of foreign personnel within 6 months is overwhelmingly low compared to general figures *
According to data from the Ministry of Health, Labor and Welfare, the turnover rate for all Japanese workers within one year is
approximately 30%, but data for the past six months is not made public. Therefore, when we used AI to predict the general labor market data published on the web, we found that the turnover rate within six months was 8% to 9%. In contrast, it was found that the turnover rate for foreign human resources who found employment at companies using NINJA was 1.8% in fiscal 2024, and 1.7% for the period from May 2022, when data collection began, to August 2024. .
As a result, when it comes to early retirement within six months, the rumors and stereotypes that “foreign employees quit quickly” have been proven to be incorrect.
Furthermore, among new foreign graduates, from May 2022 to August 2024, not a single one resigned within six months.
The main reason for this result is predicted to be that foreign workers are restricted from working in Japan depending on their residence status, but even taking this factor into account, the turnover rate for highly skilled foreign workers who can change jobs freely is low. You can expect to contribute to the company that employs you for a long period of time.
* 2. The rate of rejection of job offers for foreign personnel is also overwhelmingly lower than the general figure *
Next, we compared the rejection rate for non-Japanese employees and the general public when it came to job offers from companies. First, we compared the rejection rate of new graduates.
While the general figure published by Recruit Employment Future Research Institute is over 60%, the rejection rate for foreign workers was around 10%.
The rate of declining job offers is generally higher than 60% in a seller’s market because the job offer is declined before the job offer is accepted. The result is a low 11.4%.
Next, let’s compare the decline rate of job offers for mid-career recruits. In this regard, the results showed that the rejection rate of job offers was lower for foreign employees.
However, because many problems arise when inviting foreign personnel overseas, such as delays in obtaining a status of residence, the result was almost the same as the general decline rate.
When hiring foreign personnel or introducing them to a company, we hope that the above figures will be useful for your recruitment and business plans.
A portion of NINJA’s statistical data is published every month. Please check the latest version from the URL below.
* ▼NINJA Media Report August 2024▼*
https://drive.google.com/file/d/11pG8E59esf0hsKx1mYG3XfC_WjsRT4Eg/view?usp=drive_link
* ■About NINJA*
This is a job search support site where 78% of foreigners have a business level of Japanese or above and 93% of them live in Japan. Currently, there are over 41,700 registered talents from 159 countries who wish to receive scouts from companies. There are over 300 registered companies, of which approximately 50% are recruitment agencies. Since the Japanese employment system is different from overseas, we have received high praise from foreign human resources as a job hunting site where you can search for jobs with the support of recruitment agencies.
◆NINJA, a job change and employment information site for foreigners https://nextinjapan.com/
◆Guidelines for companies considering hiring foreigners
https://nextinjapan.com/company-landing
* ■Company profile*
Company name: Global Power Co., Ltd.
Representative: Koichi Takeuchi, Representative Director and President Established: August 11, 2004
Head office location: 5th floor, Sawa Building, 1-10-6 Taito, Taito-ku, Tokyo 110-0016
Business content: Introduction of foreign personnel, dispatch of foreign personnel, operation of foreign employment/career change information site “NINJA”
◆Global Power Homepage https://globalpower.co.jp/
◆Thanks to you, 20th anniversary commemorative site
https://globalpower.co.jp/20th/
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