Why LinkedIn Fails
Japan is a very different landscape than western countries, below outlines the unemployment rate coupled with the low adaptation of LinkedIn.
Other considerations are that Japanese are risk adverse with a job-for-life mentality, and less than 5% of Japanese are bilingual.
Our clients typically require bilingual talent.
Japan Jobless Rate Unexpectedly at 3-Month Low
2021-08-30
Japan’s unemployment rate unexpectedly was at 2.8 percent in July 2021, compared with market consensus and June's figure of 2.9 percent. This was the lowest jobless rate in three months, as the number of unemployed declined by 120 thousand from the previous month to 1.90 million while employment was up by 420 thousand to 67.08 million. The labor force increased by 280 thousand to 68.99 million and those detached from the labor force dropped 310 thousand to 41.34 million. The non-seasonally adjusted labor force participation rate rose to 62.5 percent in July from 61.8 in the same month a year earlier. Meantime, the jobs-to-application ratio rose to a 14 month- high of 1.15 in July from 1.13 in the prior month and compared with forecasts of 1.12. source: Ministry of Internal Affairs & Communications
The total population in Japan was estimated at 125.7 million people in 2020, according to the latest census figures and projections from Trading Economics. source: Statistics Bureau of Japan
With a population of 125.7M Japan is also one of lowest Global adopters of LinkedIn with less than 2M users.
Summary
In Japan LinkedIn and job boards do not perform at all compared to western countries, top candidates are not actively seeking new jobs, particularly during Covid.
Low adaptation of LinkedIn means top candidates are typically identified through our deep network.
Professionals utilizing LinkedIn are hit so hard that the response rate is less than 5% even with professionals we are connected with.
Alto Key Value Proposition
- Unlike the global search firms, this is performance-based retainer, the small retainer comes off the final fee. The cost is no different than a contingent search, with the added benefit of a full one-year warranty which protects your search investment.
- Our search model is a partnership, we work for you, not the candidate, we never introduce a professional that we wouldn’t hire ourselves.
- You will receive full candidate “exclusivity” throughout the search process, other firms will introduce strong candidates to multiple opportunities, they work for the candidate, not you.
- Our Executive search process is active, consequently it’s much more efficient and faster as we are actively headhunting everyday until the searches are filled. (Job boards and contingent search are passive, waiting for professionals to apply).
- We meet and thoroughly screen every professional, and we only introduce top-level, typically passive candidates via leveraging our extensive network, we only seek out, and introduce the best. This saves you time and money by not meeting off-spec professionals.
- During the search you will receive detailed “market intelligence”, this is valuable for you to learn about the competitive landscape here in Japan.
- Once an ideal candidate has been selected by you and your firm, we negotiate on your behalf, it’s easier for an outside consultant to do trial closes to get the best value, our goal is for you to not pay more than you have to.
- We do in-depth background checks prior to offer signing. We are licensed and know how to do these in a very detailed way.
- We fully support you and the professionals with the on-boarding process.
- We offer a one-year warranty, that’s 270 days more than other search firms offer.
- We have never failed with filling any retained position.