1.
lifetime employment system
A Japanese employment practice in which workers are hired straight out of school and remain with one company until retirement.
One of the three pillars of traditional Japanese corporate culture, along with 年功序列 (seniority-based promotion) and 企業別組合 (company-based unions). Under this system, employees join a company after graduating and stay until 定年 (mandatory retirement age), in exchange for job security and gradually increasing pay.
This practice became widespread during Japan's postwar economic boom but has been declining since the 1990s as globalization, economic stagnation, and changing attitudes have made job-hopping more common.
Common collocations
- 終身雇用制が崩れる: the lifetime employment system collapses
- 終身雇用制を維持する: to maintain lifetime employment
- 終身雇用制の見直し: review of lifetime employment
Related words
Related Words
Related:
年功序列 (seniority-based system)
Related:
転職 (changing jobs)
Related:
定年 (mandatory retirement age)