Koei Tecmo Becomes The Latest Japanese Publisher To Raise Worker Salaries
Koei Tecmo is following its main competitors in the Japanese market by raising the base salaries of its nearly 2,000 workers. The company will be giving its employees a 23 percent pay increase according to a recently released statement on the matter. This comes in the wake of its main competitors, Capcom and Bandai Namco, making similar announcements earlier this year.
The move will have workers earning approximately $539 more each month on average. Koei Tecmo also noted that newly hired graduates will be taking home an extra $436, bringing their starting salary to a total of around $2,260. In addition to raising the base salaries of its workers, the company also plans to introduce a new system of bonuses based on performance.
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This comes in the wake of news that Koei Tecmo saw “favorable” performance last year and expects to meet or exceed its targets for profitability in the future. While the pay increase will be introduced in June, workers will be paid retroactively from April.
“We are implementing these measures in order to reward our employees for their efforts and to create a better working environment for their further growth,” Koei Tecmo pointed out. “Based on the belief that human resources are the most important asset of the group, we have long been working on measures to improve the job satisfaction of our employees.”
Koei Tecmo explained that it wants to "improve the motivation" of its workers. "The ratio of base salary to annual salary will be greatly increased for regular employees of domestic group companies and the starting salary for new graduates will be greatly increased,” the company pointed out. “We
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