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Labor Comparison Us&Japan 042909

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Comparing Current Labor Markets and Employment Challenges between the USA and Japan

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Labor Comparison Us&Japan 042909

  1. 1. Comparing Current Labor Markets and Employment Challenges between the USA and Japan April 29, 2009 Pacific Dreams, Inc. 25260 SW Parkway Avenue, Suite D Wilsonville, OR 97070
  2. 2. < Today’s Agenda > ❖ Update of Employment Situations in the USA and Japan ❖ Comparison of Employee Reduction Procedures Between USA and Japan ❖ Current & Future Challenges of HR in the USA and Japan
  3. 3. <“Building Bridges” Seminar > Business Culture, Communication & Current Trends in Japan ”Japan Updates” ❖ Aging Society with Fewer Children ❖ New Challenges in Workplace ❖ Women’s Role and Position ❖ Young Generation without Ambition ❖ Strained Employment and Job Markets
  4. 4. < Economy Comparisons > <ul><li>USA: 1.1% (08)  – 2.8% (09) </li></ul><ul><li>Japan: – 0.7% (08)  – 6.2% (09) </li></ul><ul><li>China: 9.0% (08)  6.5% (09) </li></ul><ul><li>Euro Zone Countries: 0.7% (08)  – 4.2% (09) </li></ul><ul><li>World Economy: 1.9 % (08)  – 1.3% (09)  1.9% (10) </li></ul>❖ Economic Growth Rate (by IMF) ❖ Unemployment Rate 5.1% (Mar. 08)  8.5% (Mar. 09) 3.9% (Feb. 08)  4.4% (Feb. 09)
  5. 5. < Employment Comparisons > USA Japan <ul><li>At-will Employment </li></ul><ul><li>Mobility </li></ul><ul><li>Equal Work = Equal Pay </li></ul><ul><li>2 Weeks Notice </li></ul><ul><li>Hiring based on Job Opening </li></ul><ul><li>Outsourcing in Manufacturing or Services </li></ul><ul><li>Consistent Reorganization in Good or Bad Times </li></ul><ul><li>Labor Contract Law </li></ul><ul><li>Rotation within the Same Group </li></ul><ul><li>Equal Work often not Equal Pay </li></ul><ul><li>30 Days Notice </li></ul><ul><li>Hiring at Fixed Times </li></ul><ul><li>Rapid Increase of Contract Employees </li></ul><ul><li>Sharing Gain or Pain across the board </li></ul>
  6. 6. < Recession Countermeasures > USA Japan <ul><li>Cutting Expenses </li></ul><ul><li>Vendor Renegotiation for Price Reduction </li></ul><ul><li>Outsourcing Freeze </li></ul><ul><li>New Hiring Freeze </li></ul><ul><li>Employee Relocation within a Group </li></ul><ul><li>Pay Raise Freeze </li></ul><ul><li>Cutting Executives’ Compensation </li></ul><ul><li>Pay Cut across the board </li></ul><ul><li>Contract Employee Reduction </li></ul><ul><li>Early Retirement Package Offer </li></ul><ul><li>Close Production Facility </li></ul><ul><li>Regular Employee Reduction </li></ul>Cutting Expenses Vendor Renegotiation for Price Reduction New Hiring Freeze Temporally Operation Shutdown Fringe Benefits Review Reorganization Employee Reduction across the board Business Unit or Production Facility Closes the Door
  7. 7. < Current & Future Challenges of HR > USA Japan <ul><li>Competitiveness after Restructuring </li></ul><ul><li>Employee Motivation </li></ul><ul><li>Cross-functional Capabilities </li></ul><ul><li>Organizational Silo Mentality </li></ul><ul><li>Upper Management Ethics </li></ul><ul><li>Benefits (Medical & Pension Plans) </li></ul><ul><li>Strong Unions </li></ul><ul><li>Employment Law Changes </li></ul><ul><li>Work Life Balance </li></ul><ul><li>Higher Unemployment Rate for Younger People </li></ul><ul><li>Age Demographics </li></ul><ul><li>Newly Grad Hiring Freezes </li></ul><ul><li>Skilled Employees’ Retirement </li></ul><ul><li>Employment Status Gaps </li></ul><ul><li>White Collar Productivity </li></ul><ul><li>Work Sharing Program </li></ul><ul><li>Stress Management </li></ul><ul><li>Harassment Prevention </li></ul><ul><li>Career Path ( for Specialists) </li></ul><ul><li>Foreign/Immigrant Workers </li></ul>
  8. 8. <Building Bridges: “Japan Updates”>
  9. 9. Comparing Current Labor Markets and Employment Challenges between the USA and Japan Thank You! Ken Sakai [email_address] www.pacificdreams.org

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