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Japanese Companies Do Away With Long-Time Hiring Practices

Japanese firms are doing away with long-time recruitment practices that included lifetime employment and large-scale hiring of graduate students. So reports HRM Asia.

These long-time practices will cease after the class of 2021 completes school, according to the Japan Business Federation. The group, which has called the old guidelines outdated, will meet with the government and universities to come up a new recruitment system.

While the guidelines were voluntary and firms were not required to follow them, many large companies and universities did abide by them.

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