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Seniority based management systems : Limitations on early retirement program(ERP) of Korean companies

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  • Seniority based management systems
  • Choi, JongTae; Kim, KangSik
  • Seoul National University(College of Business Administration)


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Title Seniority based management systems
Similar Titles
Sub Title

Limitations on early retirement program(ERP) of Korean companies

Material Type Articles
Author(English)

Choi, JongTae; Kim, KangSik

Publisher

[Seoul]:Seoul National University(College of Business Administration)

Date 1997
Journal Title; Vol./Issue Seoul Journal of Business:vol. 3(no. 1)
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Industry and Technology < Entrepreneurship
Social Development < Employment
Holding Seoul National University

Abstract

Early retirement program has been introduced to overstep limitations of long-term employment practices in Korea and to allow more flexibility in the labor market. This study examines the forced voluntarism targetting the senior white collar workforce reduction efforts and identifies certain characteristics of the Korean early retirement program (Em). Also the study concludes that management did not achieve the expected results and workers experienced employment instability and identity crisis. As results, we offer recommendations to improve the desired outcome of the Korean ERP.