Employment trends in South Korea
- 6 years ago
It's early September and that means it's recruitment season for many big South Korean companies.
Graduates and older workers seeking a change have spent years glossing up their resume for this moment, but with the economy sputtering along, we thought we'd take a look at the current employment trends and the outlook for the rest of 2018.
For that, we turn to our Ko Roon-hee.
Latest data from Korea's job market have not been very promising, but for young jobseekers, every cloud has a silver lining.
According to a recent survey... *almost 70 percent of responding companies, answered that they are looking forward to hiring college graduates during the latter half of this year.
So how does that help potential jobseekers?
Let's take a look at a job fair that held various recruitment plans.
Job seekers were lined up at a job fair held at a university in August to get the latest trends, recruitment procedures, and anything else related to the job market.
"There is a lot of information on the company's website. but I came here to learn what's not uploaded for the public, like job interview tips."
"I am about to graduate, so I am interested in how big companies are recruiting in the 2nd half of 2018."
By sectors... online portal Incruit says new jobs are highly expected in finance and insurance sectors in H2... by around six-and-a-half-percent from the same period last year.
Employment opportunities in information and communications also look brighter in the latter half of 2018... with an increase of around 7-percent on year.
This comes after the government expanded its budget spending to boost jobs that are related and relevant to the "Fourth Industrial Revolution, " in fields that range from self-driving cars and drones to biotech... in addition to traditionally core industries for growth.
"According to industry sources, companies in biotechnology, semiconductors, and finance are likely to hire the most this year."
The consultant also said that applicants should think more than just writing resumes or cover letters when it comes to applying to a job.
"Many job seekers invest a lot of time in writing extensive resumes or cover letters. They don't think about the rest of the process. This includes personality or aptitude tests and interviews. People should evenly distribute their time in these three parts, not just focus on the beginning of the process."
Last but not least, providing accessible job information is crucial.
As such, experts recommend that the government should put more emphasis in creating platforms where businesses and job seekers can share valuable information.
Ko Roon-hee, Arirang News.
Graduates and older workers seeking a change have spent years glossing up their resume for this moment, but with the economy sputtering along, we thought we'd take a look at the current employment trends and the outlook for the rest of 2018.
For that, we turn to our Ko Roon-hee.
Latest data from Korea's job market have not been very promising, but for young jobseekers, every cloud has a silver lining.
According to a recent survey... *almost 70 percent of responding companies, answered that they are looking forward to hiring college graduates during the latter half of this year.
So how does that help potential jobseekers?
Let's take a look at a job fair that held various recruitment plans.
Job seekers were lined up at a job fair held at a university in August to get the latest trends, recruitment procedures, and anything else related to the job market.
"There is a lot of information on the company's website. but I came here to learn what's not uploaded for the public, like job interview tips."
"I am about to graduate, so I am interested in how big companies are recruiting in the 2nd half of 2018."
By sectors... online portal Incruit says new jobs are highly expected in finance and insurance sectors in H2... by around six-and-a-half-percent from the same period last year.
Employment opportunities in information and communications also look brighter in the latter half of 2018... with an increase of around 7-percent on year.
This comes after the government expanded its budget spending to boost jobs that are related and relevant to the "Fourth Industrial Revolution, " in fields that range from self-driving cars and drones to biotech... in addition to traditionally core industries for growth.
"According to industry sources, companies in biotechnology, semiconductors, and finance are likely to hire the most this year."
The consultant also said that applicants should think more than just writing resumes or cover letters when it comes to applying to a job.
"Many job seekers invest a lot of time in writing extensive resumes or cover letters. They don't think about the rest of the process. This includes personality or aptitude tests and interviews. People should evenly distribute their time in these three parts, not just focus on the beginning of the process."
Last but not least, providing accessible job information is crucial.
As such, experts recommend that the government should put more emphasis in creating platforms where businesses and job seekers can share valuable information.
Ko Roon-hee, Arirang News.