In Japan, labor crunch pushes businesses to reform
Businesses in Japan, especially low-paying employers, are having a hard time finding enough help given Prime Minister Shinzo Abe?s reforms. Some of the businesses are looking to transforming part-time workers into full-time workers to boost retention and productivity. Others are hoping that lowering the requirements to get hired will yield more applicants. The Japanese government is planning on releasing suggestions which are aimed at helping businesses transform from stagflation-minded practices to inflation- and productivity-minded practices. The suggestions include flexible-work arrangements and fringe benefits among others. After Reuters obtained an advanced copy of the publication, the news source commented that the government?s guidance lacks many of the details that businesses have been calling for, such as changes in corporate taxes and specifics regarding restrictions on working hours.
See "In Japan, labor crunch pushes businesses to reform", Yoko Kubota & Tetsushi Kajimoto, Reuters, June 4, 2014