64% of conglomerates “No new hiring plans in the first half”… Hiring frozen youth

A student is looking at a job posting board in a job plaza in a university in Seoul. Newsis

In the aftermath of Corona 19, the new recruitment market in the first half of this year is expected to freeze more than last year. Six out of ten conglomerates still failed to make plans for hiring new hires in the first half of the year or are not planning to hire one at all.

On the 7th, the Korea Economic Research Institute under the National Federation of Entrepreneurs commissioned Research & Research, a public opinion polling agency, to survey’new hiring plans for the first half of this year’ of 500 companies with sales. In the first half of the year, it was found that none of them had been hired or had yet to establish a hiring plan.

The proportion of companies with zero new recruits is 17.3%, and the proportion of companies with no hiring plans is 46.3%. In the survey conducted in March last year, considering that the proportion of respondents were 8.8% and 32.5%, respectively, Han explained that the job market was worse than last year.

Only half (50.0%) of the companies that set up a new hiring plan for the first half of this year had similar hiring sizes as last year. Compared to last year, 30.0% of companies were willing to increase hiring, and 20.0% of companies were willing to reduce.

Companies that would not hire new employees or increase the size of their recruitment cited the biggest reason for the’slow domestic and foreign economy and industry economy’ (51.1%). ‘Employment rigidity’ (12.8%),’Difficulty securing suitable talents for necessary jobs’ (10.6%), and’Increase in labor costs such as raising the minimum wage’ (8.5%) were also followed. Companies that plan to increase hiring were cited for reasons such as’to secure future talent’ (75.0%) and’increase in demand for new industries or new jobs’ (8.3%).

However, companies showed great interest in recruiting from time to time. 76.4% of respondents said they would use occasional hiring in new hiring, an increase of 9.7 percentage points from the same period last year. 38.2% of companies are hiring new personnel only through occasional employment. On the other hand, only 23.6% of companies said that they would only hire openly.

As a policy that the government and the National Assembly should pursue to increase recruitment of new college graduates, the most answer was “relaxation of corporate regulations” (35.2%). This was followed by’Expanding incentives for companies with increased employment’ (24.0%) and’Support for fostering new industry growth engines’ (21.1%).

Kijoong Kim reporter




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