Bandai Namco Is Giving All Its Employees A Hefty Raise
Bandai Namco is giving everyone a raise. That's according to a recent press release posted on the publisher's Japanese site.
Bamco said it's improving worker pay "with the aim of improving workability by stabilizing employee income." All employees are receiving a 50,000 yen raise (roughly $435 USD), and the starting salary for new employees has been raised from 232,000 yen per month ($2000) to 290,000 yen per month ($2500). All changes will be effective as of April 1, 2022.
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Additionally, Bandai Namco is also looking to change how the company works on top of improving employee pay. "In order to increase employee autonomy and creativity, we have introduced 'Activity Based Working (ABW)' that allows you to choose the time and place to work according to your purpose, and an opportunity to input entertainment for young employees."
Although Google's translation might not be perfect, it sounds like Bandai Namco is implementing flexible work hours and work-from-home to all employees. That last part is probably a reference to improving work-life balance, although no details were provided in the press release.
Finally, Bandai Namco's statement ends with a new "Connect With Fans" medium-term goal that will coincide with the coming pay raises. Connect With Fans is described as "a new mechanism aiming to connect with fans all over the world centering on IP (intellectual property such as characters)," which sounds a lot like cosplay and fan art.
Or it might be a reference to Bandai Namco's recent investment in the metaverse. The Japanese publisher announced last month it will spend $130 million to create an "IP Metaverse" which will help fans connect in virtual spaces.
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