Sega is Giving Its Employees Raises

gamerant.com:

Sega has announced plans to give its employees substantial raises. The news from Sega comes during a time when living costs are on the rise and some competition within the technology sector is tightening its belt by laying off large portions of its workforce.

Sega has had a tumultuous past, but more recently it has enjoyed strong performance by a few key intellectual properties. Sonic Frontiers greatly exceeded sales expectations, the company announced in a recent financial Q&A with investors. Atlus, now a subsidiary of Sega, has also seen recent success with ports of older entries in its popular Persona series. Both companies recently announced additional titles in development for release on various platforms, as well, which should provide reasons for a rosy outlook in years to come.

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In a translated notice, Sega Samy advised investors that Sega Corporation is revising its compensation system. The revision is expected to produce a more comfortable working environment and further strengthen the company's global competitiveness. Sega plans to increase the average monthly salary of existing employees by approximately 30% (which is twice the typical rate of annual increase), effective July 1. The initial salary for university graduates will also increase by approximately 35%, which should make it easier to attract the brightest young talent. Investor notifications are necessary in publicly traded companies, and shareholders don't always approve of increased pay. For instance, EA shareholders rejected an executive compensation plan in late 2020, despite the company's strong performance during the pandemic.

Sega's next major release arrives early next