The End of Open Recruitment and the Era of Ladder-Style Job Mobility
The job market in South Korea is undergoing significant changes as the proportion of open recruitment (public recruitment) declines sharply. The job market in South Korea is undergoing significant changes as the proportion of open recruitment (public recruitment) declines sharply. Instead, job mobility is becoming more prevalent between small to medium-sized enterprises (SMEs), mid-sized companies, and large corporations. This shift is driven by large companies’ preference for hiring experienced candidates through frequent hiring rounds, which impacts the job search and hiring trends of both young job seekers and mid-sized companies. This blog post explores the decline of open recruitment and the resulting changes in the job market. Recently, South Korea's job market has seen a dramatic decline in the proportion of open recruitment, with a corresponding rise in job mobility between SMEs, mid-sized companies, and large corporations. According to a report from the Korea Labor Institu...