Banking on Seniority

Japan’s banks are taking a closer look at their longstanding seniority-based personnel systems, a tradition that has shaped corporate culture for decades. With the global shift towards merit-based promotions, there’s growing pressure for change. This move could signify a major transformation in how Japan's financial sector operates, impacting both employees and the industry at large.

Is it time for Japan to move away from seniority-based systems?

Source: The Japan Times
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