SHERP

Seniority Based Management Systems: Limitations on Early Retirement Program (ERP) of Korean Companies

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Authors
Choi, JongTae; Kim, KangSik
Issue Date
1997
Publisher
College of Business Administration (경영대학)
Citation
Seoul Journal of Business Vol3(1): 87~105(1997)
Keywords
korea retirement program; ERP; flexibility of labor market
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.
ISSN
1226-9816
Language
English
URI
http://hdl.handle.net/10371/1749
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College of Business Administration/Business School (경영대학/대학원)Dept. of Business Administration (경영학과)Seoul Journal of BusinessSeoul Journal of Business Volume 03, Number 1 (1997)
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