Abstract
Based on a survey conducted among Japanese pharmaceutical companies, this study analyzes the processes and influence of work-life balance policies on the promotion of women employees and corporate performance as a result of women’s activities. Structural equation modeling is used to clarify the complex causality between the promotion of women employees and personnel policies. The results of our analysis indicate that even if the complex relationships among the variables are considered, productive improvements from work-life balance policies are not observed. Although work-life balance policies do not have a direct effect on the promotion or wages of women, they have an indirect effect on women’s promotions and wage increases over the length of their tenure.
Highlights
Among developed countries, Japan is often said to be less advanced in providing equal opportunities for female workers
This section investigates whether work-life balance (WLB) policies can lead to better corporate performance and lead to better female promotion
This study examined matched data based on the Fact-finding Survey on Employment Management and the Survey on The Employees’ Awareness, focusing on companies listed in the Report on the Employment Promotion Measures for the Pharmaceutical Industry to analyze the effect of intra-corporate policies on female employment
Summary
Japan is often said to be less advanced in providing equal opportunities for female workers. The Global Gender Gap Index (GGGI) indicates that Japan ranked 111th among 144 countries in 2016 This measure, formulated by the World Economic Forum (WEF), indicates the inequality between male and female workers in Japanese society. This does not mean that there is a clear correlation between proactive policy support for female workers in Japan and either the growing percentage of female managerial personnel or the increase in female salaries. Explanations of the primary reasons for the noticeably low percentage of Japanese female managerial personnel compared to those of other countries are insufficient. One reason for this is the lack of a substantial accumulation of demonstrative analytical data to evaluate the related hypotheses.
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