The Leadership Japan Series By Dale Carnegie Training Japan

550 Loyalty Is Now Tenuous In Business In Japan

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Synopsis

Japan has had a very low degree of mobility in employment.  Large companies hired staff straight out of school or university and expected they would spend their entire working life with their employer.  That has worked for a very long time, but we have hit an inflection point where this is less something we can expect.  Mid-career hires were frowned upon. If you bolted from your employer, you had almost zero chance of joining a competitor. You entered a dark forest and had to find your way through the brambles and undergrowth to meet out a living on the lower rungs of a netherworld of small firms willing to take you on. In 1997, the venerable Yamaichi Securities blew up and a lot of competent, hard working finance industry people suddenly found themselves in the street without a job.  Other firms in the same sector employed them, because they were skilled and this was the first tear in the fabric of the stigma of the mid-career hire.  The Lehman Shock on September 15, 2008 added another slash to lifetime empl