Table: Going for the Gold

JOBS ARE SECURE IN JAPAN...

Some Japanese are unhappy with the stability companies offer their workers. Government labor policies make it extremely hard for employers to fire employees. This job security, they say, stifles worker initiative.

International job security ranked by countries where it is hardest to sack workers

1. Portugal 23. Belgium 2. Norway 24. Switzerland 3. Japan 25. Australia 4. Korea 26. U.S. 5. Italy 27. Britain

Data: OECD Employment Outlook, 1999

...LIMITING UPWARD MOBILITY FOR SOME

Japan's seniority system rewards workers the longer they stay at one company, leaving younger workers with less chance of promotion. That's a big reason why more workers want to jump ship.

WANT TO WORK WANT TO WANT TO START YEAR AT ONE COMPANY CHANGE JOBS OWN COMPANY OTHER 1998 50% 25% 20% 5% 1999 46% 27% 22% 5% 2000 43% 34% 21% 2%

Data: Nikkei Research, July 2000

...AND PERSUADING MORE TO SWITCH JOBS

More than 3.2 million Japanese workers changed jobs in 2000, nearly 10% more than in 1999, and a record 5% of the labor force.

% OF ALL % OF WORKERS PERIOD TOTAL JOB HOPPERS WORKERS AGE 35-44

1996 2.72 million 4.3 3.8 1997 2.99 million 4.7 4.0 1998 3.13 million 4.9 4.3 1999 2.93 million 4.9 4.0 2000 3.21 million 5.0 4.7

Data: Japan Management & Coordination Agency

JOB-HOPPERS AREN'T DRIVEN BY MONEY...

Japanese workers are more likely to jump for personal growth. In a survey, one worker at each of 73 Net companies was asked why they joined a startup.

REASON RESPONSE

Possibility for personal growth 99% Work-friendly environment 74% Opportunity to learn new skills 71% Sense of worth 64% Creative content 56% Recognition of individual's contribution 49% Exposure to latest technology 34% Future potential 33% Autonomy 29% Compensation 4%

Data: Unifi Network, a Division of PriceWaterhouseCoopers

...THEY'RE DRAWN BY SATISFACTION

Japanese who move to Net upstarts work for less money at riskier companies, but they are happier. Percentage of Japanese satisfied with

ONE-JOB TOPIC JOB HOPPERS CAREER WORKERS

Type of work 49% 37% Company stability 36% 49% Vacations 25% 33% Pay 16% 20% Working hours 25% 18%

Data: Japan Life Insurance Culture Center

...BUT THAT MEANS LIVING ON LESS

Workers 30 to 49 years old who switch jobs take pay cuts and spend less.

ONE-JOB TOPIC CAREER WORKERS JOB HOPPERS DIFFERENCE

Average annual salary $64,104 $53,878 16% less Annual savings $8,391 $9,548 13% more Monthly living expenses $2,617 $2,478 6% less (including rent, home loans)

Data: Japan Life Insurance Culture Center

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