Japan’s Fast Retailing Company, which operates the ready-to-wear brand “UNIQLO”, has decided to raise wages for about 8,400 domestic employees starting from March this year, with the maximum annual salary increase reaching about 40%.
NHK reported that Japan’s Fast Retailing Co. made this decision based on rising prices and considerations of competing for international talent.
According to a statement from Fast Retailing Japan, a total of about 8,400 people will be targeted for salary increases, including employees serving in the head office and its subsidiaries such as Uniqlo.
Specifically, the starting salary for new employees will be increased from the original monthly salary of 255,000 yen to 300,000 yen; they will take office from the first to the second year after joining the company. The new store manager’s monthly salary increased from the original 290,000 yen to 390,000 yen.
Japan’s Fast Retailing Company has raised hourly wages by about 10-30% for part-time and part-time workers in the fall of 2022; after the introduction of the current system, this time The first comprehensive salary increase.
Japan’s Chief Cabinet Secretary Matsuno Hiroshi said that he must give a positive evaluation to the reports that companies are actively raising wages, although salary increases must be evaluated by each company. The ability to pay wages will be decided after consultation with labor and a consensus between labor and management, but the government hopes to maximize wage increases.
