In Japan, a scramble for new workers disrupts traditional hiring

By Tetsushi Kajimoto TOKYO(Reuters) - It's a rite of spring in Japan: Major corporations hire fresh university graduates en masse every April, starting them all at the same salary with assurances of rising pay and lifetime employment. But lately, some companies, including Rakuten , SoftBank and Line Corp , are breaking with that tradition, signing up new employees with coveted technical skills months earlier - and paying them more than other new recruits. As competition for workers grows in Japan's shrinking labour pool, traditional seniority and group dynamics are giving ground to the more individualised, merit-based employment system found in the West.

from Latest News Business on Firstpost http://bit.ly/2AkgHz9