Japan firms to do away with traditional recruiting practices
The Japan Business Federation, also known as Keidanren, has announced that it will phase out traditional recruiting practices after the class of 2021 graduates.
These traditional practices include lifetime employment and mass hiring of graduates.
Keidanren termed them as outdated, with chairman Hiroaki Nakanishi, expressing his discomfort with the business lobby’s role in regulating recruitment schedules.
The current recruitment process also directs firms to hold job fairs in March and conduct interviews in June.
Guidelines aimed at limiting early recruitment of graduates were introduced in 1953 to avoid clashing with university exams and schedules.
Although the guidelines are advisory, and not actual rules that firms are obligated to follow, many large companies and universities do use them as a reference point.
Keidanren, the Japanese government, and universities are planning to discuss the new recruitment guidelines.