Region:
Asia
Category:
Economy

50% of Japanese companies plan to increase salaries widespread

Region:
Asia
Category:
Economy
Author/s:
By NHK
Publication date:
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Nearly half of Japanese firms are considering a wage increase for the next fiscal year

According to a study almost half of the companies surveyed in Japan are considering raising their fixed salary for employees in the fiscal year starting in April. Private research firm Teikoku Databank conducted its annual survey of 23,000 companies. Some 10,000 respondents.

48.3% of companies said it is considering increasing the basic salary or bonuses to permanent employees in the next fiscal year. This figure is 1.9 percentage points higher than last year. He asked the companies that gave affirmative answers possible reasons for the increase in salaries. 68% said the aim was to achieve a stable workforce. 48% said they wanted to improve business performance.

The research firm says that salary increases are more evident in the sectors of construction and services due to lack of manpower.

traslation: Belén Zapata