Employment Policies: Heisei Era and Labor Polices

employment policies: The truth is the lifetime employment system was not sustainable for much of the just-ended Heisei Era, according to The Japan Times. A majority of companies and business leaders have been facing the limitations of the traditional employment policies for years. Nakanishi's comment has made waves throughout the Japanese business community, raising anxiety among white-collar workers, otherwise known as salarymen. Now that the mighty Keidanren chief has publicly acknowledged this inconvenient truth, can the rest of Japan come out of its state of denial and change gears, accelerate and catch up with the rest of the world And is the government ready to implement labor polices appropriately modernized to match the new Reiwa Era ; The notion of salaryman with unshakable loyalty to his company that provides lifetime employment security evolved with Japan's impressive postwar economic growth during the Showa Era. To cope with a stagnant economy and muted demand, many firms have been making adjustments in their human resource management practices. But this narrative started to change during the deflation-plagued Heisei years, when the costs of maintaining loyal salarymen began to outweigh the benefits of owning a stable and predictable labor force. (news.financializer.com). As reported in the news.