A survey revealed that the starting salaries for new employees hired by major Japanese companies this spring increased by an average of about 4.9% compared to last year. The average starting salary was 254,000 yen.
On the 14th, Nihon Keizai Shimbun (Nikkei) reported that it conducted a survey targeting 5,257 listed and major unlisted companies, and analyzed the starting salaries of 1,267 companies whose data could be compared with last year, resulting in this finding.
The analysis showed that the average starting salary for new employees hired by these companies this spring was 254,228 yen (approximately 2.54 million KRW), a 4.9% increase from last year. Among the responding companies, 182 firms, accounting for 14.4% of the total, raised starting salaries by more than 10%.
The number of companies with starting salaries exceeding 300,000 yen rose to 131, about twice the 58 companies last year.
Companies cited reasons for raising starting salaries (multiple responses allowed) such as "securing talent" (83.4%) and "responding to high inflation" (57.2%).
By industry, banks (9.4% increase) and railway and bus companies (8.5% increase) saw significant rises in starting salaries.
The trend of expanding new employee recruitment is expected to continue next year. Companies that responded to the survey plan to increase the number of university graduate hires next spring by an average of 11.5% compared to this spring.
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