Major Salary Boost for New Employees at Leading Insurer

Jan 19, 2024 | News On Japan

TOKYO - Dai-ichi Life Holdings, a major life insurance company, has decided to increase the starting salary for university graduates joining the company in April this year by 16%

Amidst intense competition for talent acquisition, there is a growing trend to improve the treatment of the younger generation. According to the announcement, Dai-ichi Life Holdings has determined a policy to raise the starting salary for new employees who will join in April and are subject to relocation.

The monthly salary, including a fixed amount of overtime pay, will be increased from the current 276,000 yen to 321,000 yen. The company plans to raise the wages of its employees by an average of 7% next fiscal year, taking into account the rise in prices, but the increase in the starting salary represents a rate of 16%.

This is the first raise in starting salaries in four years, and the company states that it aims to "secure and retain excellent talent." As people's attitudes towards work change, including the choice to change jobs, competition among companies for talent acquisition has intensified, and there is a succession of moves to improve the treatment of the younger generation.

Source: NHK

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