Social media- boon or bane? We all know what social media is and how over the years, with the internet being the catalyst, it has impacted our day to day lives.
Is the concept of lifetime employment hurting Japan's international competitiveness? Recruited right out of university, it was a sudden transition to the slick Japanese corporate culture that is known for its life time employment.
When I look back at my home country, India, I cannot even imagine such a system, especially among the white collar workers. This is a stark contrast to the Indian and if I am not mistaken, Western mindsets as well. One cannot deny that foreigners are often the first victims of such downsizing but not so in Japan.
However, given the dynamic nature of modern business, is lifetime employment truly viable, from either point of view — the employer or the employee? A relative of mine worked for 22 years at an Italian FMCG company in India before switching jobs when he realized that his growth had come to a standstill.
My brother-in-law left the comforts of his Indian consulting firm after 7 years, owing to a heightening dissatisfaction, to join an American investment firm.
I am certain that most of us can relate to such workplace issues. The sole motive of business is generating profits and Japan has been increasingly lagging behind due to its obsession to keep excess, and in some cases even unnecessary, workers on payroll.
In India, many university graduates typically gain some work experience at a company and then proceed to pursue a management degree at a business school. Hence, the concept of lifetime employment is shattered at the very outset.
And the alarming cause of worry for Japan is that this unspoken binding is not just limited to traditional companies but extends to famous international brands like Nissan Motors and NEC Corp. However, as companies go increasingly global, they must pick up key international business practices to stay competitive.
There is a greater need of professional approaches than psychological codes of conduct. Other may not be far behind.Techonology is more bane than boon! Life without technology was peaceful, healthy, lovable, cheerful and what not. The only good thing about technology is people cannot be fooled easily.
Japan’s Lifetime Employment: Boon or Bane? their jobs.
This is a stark contrast to the Indian and if I am not mistaken, Western mindsets as well. There’s no doubting the sheer systemic nature of the Japanese work culture.
However, as companies go increasingly global, they must pick up key international business practices to stay.
RE: MNC Culture is a boon or curse for the country? -Nishit Nilay (08/20/16) MNCs although are a good source of money to indians but Indians should not be a prey of brain drain and should try to have a job in a indian country.
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