Japanese Gamedev Battles Inflation With Wage Hikes
Sega is reaching deeper into its wallet and promising employees sizable raises. The Japanese company's decision is dictated by the inflation affecting the country. This solution is proving very popular among gaming companies in the Land of the Rising Sun.
Inflation is currently being fought by most countries in the world. It is also afflicting various industries. The gaming market is no exception, as a result of which developers are thinking about the optimal way out of the crisis. An interesting path is proposed by the Japanese companies. Sega is another company from the Land of the Rising Sun that is fighting inflation by raising wages for its employees.
Open portfolio
The changes will take effect at the beginning of July 2023 and will result in an average wage raise by about 30%. Employees with higher education will benefit the most. They can expect an increase in earnings of about 35%. In addition, Sega announces that it will continue measures aimed primarily at increasing security and comfort at work. The company is also to develop training programs so that staff are as qualified as possible.
Sega motivates its actions with the desire to take care of employees and strengthen its position in the market during the crisis, associated with rampant inflation around the world.
(Non)unique way to fight inflation
It should be remembered that this very positive decision, at least from the perspective of employees, is not unique in Japan recently. Many gaming companies in the country are using this method to fight the global financial crisis.
Examples include Capcom, which increased wages by 30% on April 1, 2022 (although here it was mainly the result of excellent results). A similar decision was made by Koei Tecmo, which introduced a salary increase of about 23%. In turn Bandai Namco raised the salaries of its employees by 50,000 yen. Higher salaries have recently also become a reality for employees of Nintendo. The Kyoto-based company, faced with rampant prices, has decided to raise salaries by 10%.
Interestingly, such measures are also encouraged by the Japanese government - in the name of fighting inflation and stagnant wages.
The biggest winner of the changes
Time will tell whether Japan's tactic of financial favors for its workers will succeed in the fight against inflation. While we are unable to determine this at this point, it is certain that the biggest winners of the changes are the employees.
