BY ANDREW STATTER
In Japan, the common standard for employment contracts has been indefinite employment agreements. This essentially means that the employee is hired by the company on an open-ended contract and is protected by Japan’s labour law.
In recent years, as more multinational companies enter the Japan market and as Japanese companies evolve to become more competitive to hire top talent, we are seeing a rise in fixed-term contracts for various reasons.
Let’s take a look at the reasons behind the rise in fixed-term contracts, what advantages and disadvantages there are both for employer and employee, and cover what the market still expects.