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And change favours the young: they learn and relearn faster and, unencumbered by families and mortgages, can afford to risk more to try new things.In many companies, rigid seniority-based hierarchies have given way to meritocracies.
Arun Ramanathan, a former senior administrator in San Diego, said seniority-based layoff policies created more turmoil than was publicly recognized.
In April, Itochu Corporation ended seniority-based promotion and began introducing bonuses based on performance.
Fujitsu has said it is replacing its seniority-based pay system with a payment scheme based on individual performance.
Employers made important concessions to the labour movement, including employment security, seniority-based wage systems, and twice-yearly bonuses negotiated each year along with base-pay increases.
A union activist, he believes seniority-based layoffs are fair.
Today, it pledged to replace the traditional, seniority-based compensation system with a more merit-based plan.
About $50 billion pays for seniority-based annual salary increases for teachers, he says.
Many political and school leaders say that seniority-based layoffs are antiquated and should be abolished entirely.
The combination of lifetime employment, seniority-based pay and rapid growth has encouraged firms to invest in wasteful training.
INDIANAPOLIS -- A handful of outspoken teachers helped persuade state lawmakers this spring to eliminate seniority-based layoff policies.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com