Starting July 1, 2023, publisher Sega reported that it will increase the average monthly salary of existing employees by approximately 30%. It will achieve this by “raising the base salary and increasing the ratio between the base salary and the base salary by incorporating part of the bonuses”.
On an annual salary basis, the average rate of increase would be around 15% across the company, according to Sega. The starting salary for college graduates will increase by 35%, from ¥222,000 ($1,632) to ¥300,000 ($2,225), due to the review.
Sega said it was reviewing its compensation system “to further stabilize employee earnings and create a more comfortable working environment, as well as further strengthen its global competitiveness.”
The move comes after Prime Minister Fumio Kishida reportedly called on Japanese companies to pay workers more as inflation takes hold in the economy.
Earlier this month, Nintendo announced plans to increase the base salaries of its workers in Japan by 10%. And last April, Resident Evil maker Capcom increased Japanese base salaries by 30%.
This is important because it tells us that although the world is going through a global crisis, video game development companies are not being affected as much by the situation.
