Based on the results of 81 responses from BOD and Regular member company representatives, conducted from May 19-28, 2021. Please refer to the below link for the full results.
Some takeaways compared to last year’s survey:
We’ve noticed a stark light of optimism in section 1-6 where 85% percent last year believed it will get worse for Japanese companies in the American market over the next year in 2020, compared to 17.3% this year.
Regarding section 1-14, in last year’s survey, 17.9% said the total number of employees decreased in the past year (2019), while this year 27.2% decreased in the past year (2020). Meanwhile, in last year’s survey, the total number of employees hired in the past year in the U.S. (2019) , stayed the same for 44%, increased for 37%, and decreased for 19%. In this year’s survey, the total number in the past year (2020) stayed the same for 60%, increased for 16.3%, and decreased for 23.8%.
In section 1-26, we’ve added to the list “Office Strategy” and “Employee and Family Health,” and each received 38% and 51.9% respectively, as we believe they are some of the core concerns regarding business. The only selection that received higher than Employee and Family Health was “Employee Visa Acquisitions and Renewal” with 59.5%. “Visa & Immigration” remains a top selection (77.9%) for section 1-31 as well regarding issues hoped to be improved by President Biden.
Last year, “Global Recession” came in top with 22%, followed by Employee Visa Acquisitions and Renewal at 17.8%, and “Retaining and Hiring Talent” at 10.8%.
In section 1-28, we’ve added “Reorganization of Internal Department” and “Rationalization of Personnel” and were the most selected with 91.2% and 35.3% respectively.
In section 1-29, we can certainly ask what is “normal”? But what we mean really is the new normal–that is, when companies can start to settle and recover, send their employees abroad, increase person-to-person contact, and open offices and branches. The majority this year have said 3 to 6 months (37.3%), while last year it was head-to-head between 1 to 3 months and 3 to 6 months.
If you would like to cite our numbers, kindly attribute us as “Japanese Chamber of Commerce and Industry of New York (JCCI).”