![]() ![]() Several years later, Activision Blizzard reported record revenue for the previous fiscal year, yet still laid off almost 800 employees (all in non-managerial positions) because they claimed that they failed to reach their target. The late Satoru Iwata cut his own salary in half in 2014, with his fellow executives taking about a 30% pay cut, so they wouldn't have to lay anyone off due to the Wii U failing to sell. This story aside, we saw the difference between the two companies back in the 2010s. Many Western companies, on the other hand, view employees as expendable, to be thrown away at a moment's notice, especially if the shareholders suddenly decide they're not getting enough dividends in their stock portfolios. For better or worse, Japanese companies place a huge emphasis on loyalty between the company and the employee, so the more reputable ones do try to sweeten the deal to attract and retain talent. I think the key difference here is that Atlus is a Japanese company instead a Western (especially American) company. This trick wouldn't work basically anywhere else, because as noted, knowing everyone was getting a pay increase of 10% would just result in the wealthiest people increasing the costs of services by 10% or higher. Please note you're current salary of $30,000 a year has been increased to $200,000 a year." He got notified by e-mail.Ĭan you imagine that? Your phone goes off and it's work saying "Automated message, do not reply. I know someone (who did building maintenance for a tech company) who went from making 5m yen a year to 31m yen a year. Some tech companies have even implemented "mean salary normalizing", in which they raised pay for everyone, and they pumped everyone making less then the mean salary to the mean. The highest increases have been in manufacturing, where some line workers have seen huge increases (the largest bottling and beverage distributor gave a blanket 40% increase). it worked! As of time of writing, over 85% of people in Japan have seen pay increases of over 10% sense the government made that request, with the mean pay increase being around 25%. They just asked pretty please with sugar on top like they were My Melody battling Kuromi.Īnd. So Japan's wealthy are basically already doing everything they can to fight the impact of inflation by lowering the price of services to account for people having less money.Īs such, the government took a radical step. 04%, and the reason that Japan's inflation is so much lower in general is that this number is rarely over 1%. Inflation is actually two factors Global price inflation happens because the price of goods increases (which is around 7.1% in Japan and 7.7% world wide right now) and screw the proletariat inflation which happens because the richest people in a country look at inflation as an excuse to bleed people dry and up the costs of non-tangible services not related to labor. Japan is facing "record" inflation of around 4.1% (which, for context, is still below average annual inflation basically anywhere else in the world, despite being considered a critical, earth shattering level in Japan). Nintendolife has talked about this happening about a dozen times, and yet every time they do not mention WHY it's happening. We recently reviewed it and awarded the game a score of 9/10, calling it "massively enjoyable sendoff for the ". It seems Atlus is putting a good deal of focus on employee retention with this move, so hopefully we'll see more companies follow suit in the months and years to come.Īs for the Persona franchise, Atlus is just about ready to release Persona 5 Tactica, a tactical RPG based on the immensely successful Persona 5 Royal, on November 16th, 2023. It's certainly good news in the wake of numerous instances of redundancies and studio closures over the past year or so, with companies like Embracer Group and Epic Games downsizing considerably. In addition, due to the strong overseas business development, we have been providing performance bonuses based on profits around the world since fiscal 2021." "The starting salary of new graduates will increase from 257,000 yen to 300,000 yen, and the average annual income of current employees will increase by 15%. In addition, thanks to strong overseas performance, Atlus has also introduced performance bonuses funded by worldwide profits, a move it initially kickstarted in fiscal year 2021. Subscribe to Nintendo Life on YouTube Watch on YouTube ![]()
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