The seniority-wage system (年功序列, Nenkō joretsu) is the Japanese system of promoting an employee in order of their proximity to retirement. The advantage of the system is that it allows older employees to achieve a higher salary level before retirement and that it usually brings more experience to the executive ranks.
The seniority-wage system (年功序列, Nenkō joretsu) is the Japanese system of promoting an employee in order of their proximity to retirement. The advantage of the system is that it allows older employees to achieve a higher salary level before retirement and that it usually brings more experience to the executive ranks.
Source: Wikipedia "Nenko system" · CC BY-SA 4.0
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