Persol Group CEO Takes the Stage: "Working Well-being" is Key to Resolving Labor Market Issues and Driving Corporate Growth

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Persol CEO Discusses "Working Well-being" at Toyo Keizai Seminar.

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Persol CEO Discusses "Working Well-being" at Toyo Keizai Seminar.

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PERSOL HOLDINGS CO., LTD. (Head Office: Minato-ku, Tokyo; Representative Director, President and CEO: Takao Wada; hereinafter "PERSOL HOLDINGS"), which has "Work, and Smile." as its group vision, announced that its Representative Director, President and CEO, Takao Wada, took the stage at the Toyo Keizai Inc. 130th Anniversary Seminar "Future Economy Conference ~A Compass for Business Leaders~" held on Thursday, March 12. [Session Overview] In this session, alongside Professor Noriyuki Yanagawa of the Graduate School of Economics and Faculty of Economics at the University of Tokyo, we discussed the structural challenges facing Japan's labor market and the ideal state of corporate management for their resolution, under the theme: "Can improving the sense of 'working Well-being' resolve labor market issues?" ■Challenges Facing Japan's Labor Market — "Rationality of Inaction" and Declining Engagement At the beginning of the session, it was shared that Japan's labor market is at a major turning point, against a backdrop of labor shortages, declining engagement, and technological advancements such as AI. Wada pointed out the significant impact that work has on life. He stated, "Experiences, success stories, a sense of growth, and a sense of contribution gained through work greatly influence the formation of individual values. On the other hand, in the Japanese labor market, mismatches arise due to the uneven distribution of talent and jobs, and individuals continue to find it difficult to feel that they are choosing their own 'work.' As a result, low levels of loyalty and engagement with organizations remain an urgent issue for companies." From a macro perspective, Yanagawa pointed out that despite an increase in job seekers, the actual number of job changers has stagnated, stating, "The structure where inaction has become rational is leading to stagnation in Japan's labor market." He added, "If a state of dissatisfaction continues, productivity will not increase, and as

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