Remodeling Corporate Japan

Essay specific features

 

Issue:

Business

 

Written by:

Wayne A

 

Date added:

April 15, 2014

 

Level:

 

Grade:

B

 

No of pages / words:

4 / 1012

 

Was viewed:

1963 times

 

Rating of current essay:

 
Essay content:

What is often seen in the United States is a series of lay-offs, and often older employees are pressured into early retirement. When positions need to be filled, lower salaried younger workers are employed. Due to the traditions of the Japanese business culture, this is not the method of choice. Traditionally Japanese firms grant promotions and raises based on loyalty to the company, rather than a merit based system as in the US...
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As such, from a financial standpoint, it would seem even more reasonable to use the US approach. However, the sense of loyalty to the elder employees is too strong for this to be the immediate course of action. Instead, have chosen to cease hiring at entry-level positions, and when necessary lower wages...
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