News On Japan

Major Salary Boost for New Employees at Leading Insurer

TOKYO, Jan 19 (News On Japan) - 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

POPULAR NEWS

Makoto Nishimoto, a former Miyazaki City councilor who goes by the name Super Crazy Kun, has been sentenced to four years and six months in prison for forcibly taking a woman in her 30s, whom he knew, into a hotel in Miyazaki City last September and assaulted her by restraining her arms and committing non-consensual intercourse resulting in injury.

NTT has unveiled Japan's first technology aimed at improving the power efficiency of data centers, which are known for their high heat generation and substantial power consumption.

A pair of premium melons from Yubari City in northern Japan has fetched 3 million yen in the first auction of the year. That's about 19,000 dollars. The luxury fruit is a popular gift in the country. (NHK)

A new facial recognition system, set to be widely used at next year's Osaka-Kansai Expo, has been unveiled.

Shohei Ohtani has reportedly purchased a mansion worth approximately 1.2 billion yen near Dodger Stadium, according to local media.

FOLLOW US
         

MORE Business NEWS

The financial results of Japan's five major trading companies for the fiscal year ending March 2024 shows Mitsui & Co. has surpassed Mitsubishi Corporation to top the list with a net profit exceeding one trillion yen, while Sumitomo Corporation struggled with significant impairment losses. Although these companies have benefited from the weakening yen, the situation is more complex than it appears.

Tokio Marine & Nichido Fire Insurance Co. has revealed that customer information from their auto insurance policies was leaked to competing companies.

Household electricity rates next month are expected to rise across all ten major electric power companies in Japan.

Mercari, the operator of a popular flea market app, has launched a new feature allowing users to list items for sale without initially setting a price. Starting May 23, Mercari's new function enables sellers to list items without deciding on a price upfront, instead allowing them to set a price later based on offers from potential buyers.

The yield on 10-year government bonds, a key indicator for fixed mortgage rates, closed at 0.980% on May 21, approaching 1% for the first time in about 11 years.

The average price of a newly built condominium in the Tokyo metropolitan area in April was 74.12 million yen, down more than 3 million yen from a year ago. However, it has risen by over 10 million yen compared to two years ago, indicating it remains at a high level.

In a bid to create a sustainable logistics network, Japan's largest parcel delivery company is launching a new initiative aimed at significantly improving load efficiency for both shippers and carriers.

In an extraordinary promotion, 22-year-old Rino Morosawa has risen from a part-time worker to CEO. She is now the new president of Skyscraper, a company that operates CoCo Ichibanya Curry House franchises. Here is the story behind her rapid ascent to the top in just seven years.