Asahi Shimbun 24/8/04: Women managers are bringing home the bacon for Japanese companies smart enough to hire them in droves. And that in turn is prompting male job-seekers to sign up with those firms.
That's the message from research conducted by the Japan Institute of Workers' Evolution and the Ministry of Economy, Trade and Industry.
Companies with a strong upswing in women managers had an impressive surge in sales and profitability compared to five years before, the research shows.
Some companies have doubled their hiring of women, from about 20 to 40 percent in some cases, to cash in on the trend. Not only are they hiring more women, they are changing the way they do business to retain
and promote those women.
...The fortunes of corporate women started to rise in part because of the dwindling birthrate and the realization that there weren't enough talented men to fill the ranks. [Doh!]
...Of the 100 sogoshoku recruits hired by Sumitomo this spring, 33 were women.
"We simply took all the talented applicants from the top of the list and ended up with these results,'' said Shinji Nakano, assistant general manager of human resources.
He added: ``There's been a marked change in our business structure. There are so many new businesses that require a kind of sensitivity. The birthrate is down, the labor force is shrinking. We will not be able to hire enough talented employees if we limit ourselves to men.''