development to continue their employment within the company group over a long

Development to continue their employment within the

This preview shows page 22 - 24 out of 48 pages.

development, to continue their employment within the company group over a long period of time (usually until age 55 or 60), and not to discharge or lay off such employees except in very unusual circumstances Japanese HRM: Seniority - Promotion based on seniority o Have a clearly defined level of junior-senior roles o Job rotation First 10 years, age 45, age 52-55 Increase motivation, improve performance and productivity Move outside the firm becomes seriously restricted Good for generalists / not specialists Japanese HRM: Enterprise unionism - Only employees of company can join the union - Direct link between company and union demands - Discussions based on improved wages and working conditions - Usually higher productivity (less turnover) - Productivity returns was negated by higher wages = less profits Changes in Japanese HRM: - Economic recession, ageing population o Pressure on lifetime employment and seniority wages o Pressure on pensions and retirement benefits o ‘shoulder-tapping’ o Increase different types of workers Part-time, temporary, female, foreign, elderly - Employer groups push for new HRM o Mismatch of traditional HRM and business needs o Short-term contracts to attract young graduates o Changing attitudes of young graduates, loss of faith in the traditional HRM o Seniority wages replaced with bonus payments o Shift from seniority-based promotion to merit-based promotion o Weakening bargaining power of labour union Japan’s HRM Future - Is Japanese HRM a thing of the past? o Might Japanese HRM be a phase associated with Japan’s high growth period from the 1950s to the 1980s? Lecture 7: China Made in China 2025: - One program particularly upsetting for Trump
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IBUS20001: BUSINESS IN ASIA - Helps support Chinese companies to develop innovation in specific fields: robotics, telecom, Ai - May also provide money/tax benefits for those who acquire foreign assets or companies How does this US-China trade war impact Australia? - Tariffs on $100 US billion Chinese experts impact on Australia? - Financial markets globally are scared - Tariff on one good, impacts the production of another - But Australian imports to China could benefit - Less production, less services, less jobs (globally) - Less jobs, more unemployment, weaker economies, weakening dollar, more debt Are tariffs good for economies for economies? - No. They’re aren’t Reform could also be periodised into degrees of opening - 1949 – 77: Establishment of the PRC (1 Oct, 1949), China under Mao - 1978 – 84: Early rural reform, communes dismantled, early FDI inflow - 1985 – 88: Reform of State Owned Enteriprises, FDI – linked exports rise - 1989 – 91: Political – economic recession: Tiananmen Square Protests (June 4, 1989) - 1992 – 95: New FDI rules see rapid rise in foreign investment, recognition of SOE issues - 1996 – 2001: SOE + financial system reform, the Asian financial crisis/readjustment, entry WTO - 2002 -: Adjusting to post – WTO entry environment Background of the World Trade Organisation (WTO): - WTO established in January 1995 o Successor to the General Agreement on Tariffs and Trade (GATT), 1974-94 o
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  • '19
  • Business, Asian Financial Crisis

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