Japanese multinational video game and entertainment business Sega Corporation has committed to increase average monthly base pay for its more than 3,200 employees, effective from 1 July 2023.
To do this, the business said it plans to raise the ratio of base salary within annual salary, and incorporate part of its bonus system into annual pay. The initial monthly salary for university graduates will increase from ¥222,000 (£1,376.62) to ¥300,000 (£1,860.30). The average increase to annual salary will be approximately 15%.
This announcement came as part of a wider review of its HR and personnel systems, in order to maximise employee potential. Sega will also be looking into developing a compensation system that focuses on fair treatment of employees according to their roles and contributions, as well as changing working norms in order to reflect individual needs and preferences.
The business said: “Sega Corporation will initiate [a] revision to its compensation system to invest in human resources in order to further stabilise employee income and create a more comfortable working environment, as well as to further strengthen its global competitiveness.
“We will continue our efforts to realize a system that allows our employees to grow while realising diverse work styles, and to provide further experiences that move the heart globally.”
To this end, Sega also plans to introduce an advance payment system for retirement allowances.
Sega Corporation’s current offering for employees includes matching pension contributions up to 6%, a minimum of 25 days of annual leave, which increases with length of service, private healthcare for employees and their families, dental insurance with the option to add family members, free yearly health screenings, various insurance policies including travel and critical illness, discounted gym memberships, and a salary sacrifice home technology scheme.
In what the business refers to as ‘soft’ benefits, it provides access to wellbeing support, weekly virtual yoga classes, online physical therapy, free fresh fruit and cereal in offices, seasonal parties, and discount cards, among others.