employment system
Refers to the overall framework of hiring, employment practices, and labor policies within a company or country.
Japan's employment system is characterized by lifetime employment.
A new employment system will be introduced from next month.
雇用 is the general concept of employment or hiring, while 雇用制度 specifically refers to the system or institutional framework governing employment.
制度 means 'system' or 'institution' broadly; 雇用制度 narrows it to the employment domain.
Compound of 雇用 (employment) and 制度 (system).