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ECONOMY > Labor

Gist of Keidanren report on wage negotiation policy for 2018

  • January 17, 2018
  • , Mainichi , p. 3
  • JMH Translation

The following is the gist of the report of the “special committee on management-labor policy” released by Keidanren (Japan Business Federation) on Jan. 15:

 

— A 3% wage increase reflects society’s demand and expectation. [Member companies] should take more drastic steps to improve compensation, in order to contribute to the economy’s full exit from deflation and the further expansion of the virtuous economic cycle.

 

— The basic principle in wage increase is to raise annual income through a variety of methods, including pay scale increases, additional bonuses, and review of various allowances.

 

— There are concerns regarding reduced overtime pay as a result of the reduction of long working hours. Compensation for employees should be increased with the improvement of productivity.

 

— Take thorough measures to eliminate the irrational disparity in compensation for regular and non-regular workers.

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