Jiji PressTOKYO (Jiji Press) — The Japan Business Federation, or Keidanren, said Tuesday that it will scrap its guidelines for corporate hiring of college graduates who will join the workforce in spring 2021 or later.
The abolition of the guidelines, which have been in place since 1953, is likely to affect students’ academic activities.
The decision by the largest employers’ group in the country means that the long-standing yardstick for when students should start their job hunting will disappear.
This is raising concerns that companies may move up their hiring schedules considerably and that students may end up having to spend a long time seeking jobs during their college lives.
“It’s not Keidanren’s role to set rules and enforce them,” Chairman Hiroaki Nakanishi told a press conference after the decision to scrap the guidelines was made at a meeting of the federation’s chairman and vice chairs.
The guidelines call on Keidanren member companies to start explanatory sessions in March for students who will graduate and enter the workforce in the spring the following year, and selection processes including interviews in June, with job offers to be given in October or later.
Keidanren member companies have complained that due to the guidelines, they lag behind firms outside the federation that are not bound by them, such as startups and foreign firms, in the competition to acquire talented workers.