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Seniority Based Management Systems: Limitations on Early Retirement Program (ERP) of Korean Companies
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- Authors
- Issue Date
- 1997
- Citation
- Seoul Journal of Business, Vol.3 No.1, pp. 87-105
- 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
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