About Job 4 ~ the Custom of Japan's Bank~
Now , I'd like to continue writing the rest . I feel " Mogura" struggled to explain Japan's situation . I also feel the same feeling when I explain to foreiners , you know.By the way , I think there are a lot of people who haven't caught the situation , so if you wanna follow my discussion , please read this.
http://capm.seesaa.net/article/23875969.html
http://capm.seesaa.net/article/23981312.html
http://capm.seesaa.net/article/24040749.html
To explain the situation in more detail, I must tell you about Japanese banks' culture.
Unlike the Western financial institute, Japanese bankers (maybe I should use the word "bank-clerk" instead) are trained in various department or business in one's junior through early senior days. In other words, everybody is expected to be a generarist.
Some bankers spend their first two or three years in mass-retail section and be transfered to the whole-sale section.
This is the part of Mogura's comment . And his suggestion is totally correct .
Do you know " sank cost " ? This is the cost that is good for a short run , but bad for a long run.
Let 's assume you would enter some bank in Japan. If you enter the bank , you would get a lot of benefits , such as , there are few possiblities you would get fired . You would get a good salary ( The salary of the banker is famous for the goodness ) .
But if you get in the bank , you would have to do a lot of things. You would exprience many department , which would make you get the general skill , not special skill, such as , the speciality of M&A , or the speciality of securitarization. And this situation would get your abilities to be specific to the bank you would belong to .
First of all , you have to know the job market in Japan is extremely poor , though , recently , the market has been more and more mature. Do you know the name of " inner job market " ? If you take " Labour Economic " in Japan , you have to study this japan's specific situation .
In stead of the maturity of the secondary market , in japan , " inner job market " is common . That is, the companies work as some kind of the job market , you know.
Let's say , you would enter some company in Japan , and there would be some possiblity your skill or knowledge would not fit into the company you would chooes , right ? If this situation occur , the department of human resourse in your company would transfer your position to another department . For example , if you are not good at the department of sales , you might be transfer to the department of the marketing .
This kind of transformation is very common in Japan , and the thing is even if you fit into some department , the department of human resourse often transfer you to other department . And if you continue this kind of transfer , you will get a lot of information in your company . You would know a lot of workers in the different departments , and you would know a ton of your company-specifc customs , you know .
And the point is this skill is very useful if you belong to your company , but if you try to turn over other company , there will be the huge possibilites your skill will hinder you to get another job , because your skill is firm-specific , you know, so your skill might be useless if you chage your company . What I wanna say is your skill would be some kind of " sank cost " to change your job !
The important thing is the firms in Japan already knows this situation , and they try to make use of it . That is , the firms intentionally make their employee exprience a lot of department , and prevent the worker to change the job , you know ? This is what Mogura wanna say .
Mogura has confronted this kind of complicated situation . Of course , Mogura studied this custom in the class of his university( I also learned this with Mogura in the course of Kazuhito Ikeo's " Japan economic system" . Looking back my undergraduate time, this course was the most important in my undergrate age ) , and has chosen Japan's bank , knowing this custom .
However , you know , learing something in books and in lectures is totally different from learing practically . And it seems to me Mogura cannot help rethinking about the choice he already made . He has spent only 6 months or so in his companies , and has keenly realize his situation . However, fortunately , what Mogura has worked is far more specific than the work for other workers , so as far as I'm concerned , he has some option to change his workplace , using his specific skill.
Is it clear ? I think I have been writing a lot , today , so I feel like stopping writing any more . I'll continue this topic.
http://capm.seesaa.net/article/23875969.html
http://capm.seesaa.net/article/23981312.html
http://capm.seesaa.net/article/24040749.html
To explain the situation in more detail, I must tell you about Japanese banks' culture.
Unlike the Western financial institute, Japanese bankers (maybe I should use the word "bank-clerk" instead) are trained in various department or business in one's junior through early senior days. In other words, everybody is expected to be a generarist.
Some bankers spend their first two or three years in mass-retail section and be transfered to the whole-sale section.
This is the part of Mogura's comment . And his suggestion is totally correct .
Do you know " sank cost " ? This is the cost that is good for a short run , but bad for a long run.
Let 's assume you would enter some bank in Japan. If you enter the bank , you would get a lot of benefits , such as , there are few possiblities you would get fired . You would get a good salary ( The salary of the banker is famous for the goodness ) .
But if you get in the bank , you would have to do a lot of things. You would exprience many department , which would make you get the general skill , not special skill, such as , the speciality of M&A , or the speciality of securitarization. And this situation would get your abilities to be specific to the bank you would belong to .
First of all , you have to know the job market in Japan is extremely poor , though , recently , the market has been more and more mature. Do you know the name of " inner job market " ? If you take " Labour Economic " in Japan , you have to study this japan's specific situation .
In stead of the maturity of the secondary market , in japan , " inner job market " is common . That is, the companies work as some kind of the job market , you know.
Let's say , you would enter some company in Japan , and there would be some possiblity your skill or knowledge would not fit into the company you would chooes , right ? If this situation occur , the department of human resourse in your company would transfer your position to another department . For example , if you are not good at the department of sales , you might be transfer to the department of the marketing .
This kind of transformation is very common in Japan , and the thing is even if you fit into some department , the department of human resourse often transfer you to other department . And if you continue this kind of transfer , you will get a lot of information in your company . You would know a lot of workers in the different departments , and you would know a ton of your company-specifc customs , you know .
And the point is this skill is very useful if you belong to your company , but if you try to turn over other company , there will be the huge possibilites your skill will hinder you to get another job , because your skill is firm-specific , you know, so your skill might be useless if you chage your company . What I wanna say is your skill would be some kind of " sank cost " to change your job !
The important thing is the firms in Japan already knows this situation , and they try to make use of it . That is , the firms intentionally make their employee exprience a lot of department , and prevent the worker to change the job , you know ? This is what Mogura wanna say .
Mogura has confronted this kind of complicated situation . Of course , Mogura studied this custom in the class of his university( I also learned this with Mogura in the course of Kazuhito Ikeo's " Japan economic system" . Looking back my undergraduate time, this course was the most important in my undergrate age ) , and has chosen Japan's bank , knowing this custom .
However , you know , learing something in books and in lectures is totally different from learing practically . And it seems to me Mogura cannot help rethinking about the choice he already made . He has spent only 6 months or so in his companies , and has keenly realize his situation . However, fortunately , what Mogura has worked is far more specific than the work for other workers , so as far as I'm concerned , he has some option to change his workplace , using his specific skill.
Is it clear ? I think I have been writing a lot , today , so I feel like stopping writing any more . I'll continue this topic.
posted by NINJA @ 11:26 AM
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