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In Japan, most students hunt for jobs before graduation from university or high school, seeking "informal offers of employment" (内定, naitei) one year before graduation, which will hopefully lead to "formal offer of employment" (正式な内定, seishiki na naitei) six months later, securing them a promise of employment by the time they graduate.
Many both in and outside Japan share an image of the Japanese work environment that is based on a "simultaneous recruiting of new graduates" (新卒一括採用, Shinsotsu-Ikkatsu-Saiyō) and "lifetime-employment" (終身雇用, Shūshin-Koyō) model used by large companies as well as a reputation of long work-hours and strong devotion to one's company.
Youth unemployment rate in OECD countries (ages 15–24) [1]. The Employment Ice Age (Japanese: 就職氷河期, romanized: Shūshoku Hyōgaki) is a term in Japan that refers to a period starting around 1994 and ending by 2004 [2] where young graduates, as well as those who had lost their first jobs due to the Bubble Economy collapsing, were unable to find stable sources of employment.
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Labor force participation rate (15-64 age) in Japan, by sex [2] Gender wage gap in OECD [7]. Japan is now facing a shortage of labor caused by two major demographic problems: a shrinking population because of a low fertility rate, which was 1.4 per woman in 2009, [8] and replacement of the postwar generation which is the biggest population range [9] who are now around retirement age.
Shūshin koyō (終身雇用) is the term for permanent employment in Japan.It was extremely common in major Japanese companies beginning with the first economic successes in the 1920s through the Japanese post-war economic miracle until after the bursting of the Japanese asset price bubble, the Lost Decade and the following economic reforms.
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