Sega to raise salary of employees by 30% to strengthen Global Competitiveness
The increase in pay will take effect in July.
The Japanese government asked an increase in worker wages from Japanese businesses at the beginning of February. In order to counteract inflation, Japanese Prime Minister Fumio Kishida demanded an update, and Sega has already agreed. Sega Sammy has declared that it will raise wages for its employees in Japan.
After the announcement by Nintendo, the other gaming company, that it will increase the compensation of all of its employees by 10%, Sega has joined the bandwagon and announced a rise of over 30% in the wage for its workforce. The wage hike will go effective in July.
The salary increase, according to Sega Sammy, was made to "further stabilise employee income, create a more comfortable work environment, as well as to further strengthen its global competitiveness."
Also, a 35% hike from 222,000 ($1,653) to 300,000 ($2,234) would be made to the base pay for university graduates.
This approach may be helpful in the long term as they strive to maintain their position as a prominent leader in the video gaming industry. Similarly, several Japanese publishers, such as Koei Tecmo and Bandai Namco, have announced major wage increases in the last year.