Japanese pachinko and gaming giant Sega Sammy Holdings has announced a revision if its employee compensation system that it says will provide greater stability in uncertain times.
According to details published on the company’s website this week, Sega Sammy will increase base salaries while revising its retirement benefit system in what it says will raise the average monthly salary of existing employees by approximately 22%. This will include the initial salary for university graduates rising by 28% from JPY235,000 (US$1,785) to JPY300,000 (US$2,280).
The company also revealed plans to invest in human resource education by establishing an in-house university called “SEGA SAMMY College” to provide training for everyone from new recruits to executives. Sega Sammy said it is investing JPY450 million per year in education and the introduction of language education programs to develop culturally diverse human resources.
The purpose of doing so, it explained, is “to create an environment in which all employees can maximize their potential”, including “development of a compensation system that treats employees according to their roles and contributions, and the expansion of measures that support the way each employee works to live his or her own life.”
Sega Sammy added, “It is becoming increasingly important to adequately secure and enhance the necessary human resources in this era of VUCA (volatility, uncertainty, complexity and ambiguity), where the future is difficult to predict and highly uncertain.
“The revision of compensation system this time will further stabilize employees’ income through base increases and realize an environment that facilitates further achievement and self- improvement. The program also aims to acquire, retain and strengthen talented human resources and increase competitiveness on a global scale by responding to the increasingly diverse and fluid careers and life plans of employees.”
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