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Why Japan’s lifetime employment model is nearing its end
20/03/2024
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Corporate Japan
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Chantelle Cloete
Chantelle Cloete, Reporter

Japan’s labour market is heating up with workers increasingly willing to job hop and chase higher pay at the expense of traditional lifetime employment.

A post-war practice, large Japanese corporations have long hired graduates straight out of school under the expectation that these young workers will remain with the organisation until their retirement. But corporate Japan is beginning to shift away from this gentleman’s agreement as young generations seek change.