Demand for managers behind record job-switching levels in Japan

A demand for experienced managers is a significant factor behind the rising number of Japanese workers switching jobs, according to Nikkei Asian Review. 

Some 3.06 million employees in Japan switched to a new job in 2016, the highest level in seven years, the source reported, citing data from the Japanese Statistics Bureau. There were 80,000 more job-changers in 2016 than in 2015. The previous record was 3.46 million in 2006 and 2007. 

According to the site, there is growing demand for managers in the country. The number of listings for managerial positions in retail and logistics increased 42 percent at year-end in January. Corresponding with this demand, higher levels of mid-career workers are changing jobs. The source found that 500,000 people between ages 45 and 54 moved to a new job in 2016, the largest amount since 2002. 

Japan also saw its job-to-applicant ratio reach a new high. Bloomberg reported that in January, the job-to-applicant ratio in the country hit 1.43, its highest level in 25 years. In Tokyo specifically, there are more than two open jobs available for every applicant. 

A demand for experienced managers is a significant factor behind the rising number of Japanese workers switching jobs.