Outsourcing Times

Increase in the number of companies with or without plans to be hired in the first half of the previous year
Large companies prefer frequent hiring over regular bonds
Companies that have increased their recruitment size compared to the previous year, only at the level of 30%

Data provided by the Korea Economic Research Institute
Data provided by the Korea Economic Research Institute

[아웃소싱타임스 이윤희 기자] As the impact of Corona 19 continues, a spring breeze has seldom blown in the job market. In particular, 6 out of 10 large domestic companies that have led large-scale hiring have been found to have no hiring plans or schedules during the first half of this year, raising concerns that the employment situation will worsen.

The Korea Economic Research Institute announced the results of a new hiring plan survey for the first half of which was conducted on 500 companies with sales through Research & Research, an opinion polling agency.

According to the survey, 63.6% of 110 respondents have not hired a single person in the first half of this year or have yet established a hiring plan. Although 46.3% of companies with undecided plans still account for it, 17.3% said that there will be no new hiring.

This is a significant increase from the results of the same survey conducted in March last year. According to the results of the survey in March last year, 8.8% of companies answered that they did not have a new hiring plan in the first half, and 32.5% said that they had not yet set up a hiring plan.

Han Kyung-yeon explained that this year’s increase in numbers from last year is that the current job market is worse than last year.

Among the companies that had a new recruitment plan in the first half, 50.0% of the companies whose recruitment size was similar to that of last year accounted for 50.0%. 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 recruitment cited the’slump in the domestic and foreign economy and industry’ (51.1%) as the main reason. The respondents followed, such as’employment rigidity’ (12.8%),’difficulty securing suitable talents for necessary jobs’ (10.6%), and’increased labor cost burden such as a minimum wage increase’ (8.5%).

Companies that plan to increase new recruitment are the reasons for ‘to secure future talents’ (75.0%), ‘Esg (environment, society, governance structure), 4th industrial revolution, etc., increasing demand for new industries or new jobs’ (8.3%) I put my back.

On the other hand, it turned out that companies’ hiring styles tended toward occasional hiring rather than regular public hiring.

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. Even the percentage of companies that answered that they would hire new personnel only through occasional hiring reached 38.2%. On the other hand, 23.6% of respondents said that only public recruitment was conducted.

It seems that companies are also aware of this change. When asked about the recent trend prospects in the recruitment market, 29.1% of respondents cited an increase in the proportion of frequent recruitment. The second place was the response of strengthening employment of experienced workers (20.3%), which is expected to make it more difficult for new recruits to find a job.

In response, changes reflecting the situation of the new era, such as an increase in the introduction of non-face-to-face employment (19.1%), and an increase in new recruitment using artificial intelligence (13.9%) were also found.

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