[Alpha Biz=(Chicago) Reporter Kim Jisun] The youth job market for the second half of the year is expected to be more difficult than last year, a report showed.

According to the results of a "plan to hire new college graduates in the second half of 2023" conducted by polling agency Research & Research on the 10th, 48.0% of the respondents said they failed to establish new recruitment plans in the second half of this year.

The proportion of companies without recruitment plans also reached 16.6%. This is a 0.8%p decrease from the second half of last year.

In the second half of this year, 35.4% of the companies set up new recruitment plans.

Among them, 57.8% said they would maintain employment at a similar level to last year and 24.4% said they would reduce it.

The proportion of companies that want to reduce employment increased by 11.4%p from the second half of last year, and the number of companies that want to increase decreased by 19.2%p.

Companies cited "tightening management to cope with worsening profitability and uncertainties in management" (25.3%) as the reason why they do not hire new employees or increase the size of hiring.

The main reasons were "the prolonged global economic recession, worsening economy due to high interest rates and testicle rates" (19.0%), and "reducing costs in preparation for rising raw material prices and rising labor costs" (15.2%).

As a result, competition for college graduates is expected to be fiercer this year than last year.

 

 

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