Wage increases necessary to secure human resources Companies securing capital with “bold strategies”

Spring Labor will have its intensive response day in mid-March. The coalition is aiming for wage increases of at least 5% for three consecutive years. In addition, with the aim of rectifying wage disparities due to differences in company size and employment type, the government is calling for wage increases of at least 6% for small and medium-sized enterprises and 7% for part-time and other non-regular employees. Under these circumstances, a situation has arisen in which small and medium-sized enterprises are forced to raise wages defensively in order to retain human resources, even if their business performance does not improve. In addition, non-regular workers account for 36% of Japan’s employed workers, and there is a movement to create an environment in which wages can be increased by promoting “multi-skilled workers” who take on a variety of tasks. A company that operates apparel stores and other businesses in Nagasaki Prefecture has decided to close one store in order to secure personnel expenses for wage increases. We are concentrating management resources, such as by assigning former employees to newly established departments.



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