COMP NEWS – Video game developer and publisher Sega has announced that it will raise the average monthly salary of its employees by 30% in order to create a better working environment for its staff.

Sega has announced that it will raise the average monthly salary of its employees by 30%. The company says this initiative is part of its efforts to “invest in human resources” in order to create a more comfortable working environment for its employees, and also to ensure that it remains globally competitive.

In a press release issued by Sega, the corporation announces that it will “initiate revision to its compensation system” in order to raise employees’ average monthly salary by 30%. Thanks to some accounting wizardry, this means that the average annual salary will raise by around 15%, and some employees will notice a bigger jump than others.

Sega specifically referred to university graduates in its announcement, noting that young employees’ salaries would jump as much as 35%.

Specifically, Sega refers to university graduates in its press release. These fortunate employees will see their monthly salary jump from ¥222,000 (around $1650) to ¥300,000 (about $2220), which represents a jump of around 35%. Sega’s looking like a pretty good prospect if you’re a graduate, eh?

Sega notes that its methodology for increasing salary involves boosting the base salary and “increasing the ratio of base salary within annual salary by incorporating part of bonuses”. In essence, this means that average annual Sega salaries will increase by a more modest 15%, but that’s still nothing to be sniffed at. Sega also says it will introduce an “advance payment system for retirement allowances” and that the rate of increase in salary will be different depending on this option.

To read more Sega’s salary raise for employees, click here.

For more Comp News, see our recent posts.


Comp News by CompXL

Comp News is brought to you by CompXL, the flexible compensation software provider that enables mid- to large-size organizations to implement competitive pay structures such as vested stock options and variable incentive pay.