Salaries Improving, Bonuses Stagnant in Japan Marketsian Banker Supporting Industry Awards 2010
- 35% of respondents, mostly medical sector professionals, saw their salaries increase during 2010
- 30% indicated a decrease, mainly financial services and manufacturing professionals
- 37% of those surveyed did not receive a bonus in 2010
Tokyo, December 2nd, 2010 - Robert Walters PLC (LSE: RWA), one of the world's leading specialist professional recruitment consultancies, recently published results from its Employee Insight Survey (EIS) which shows changes in worker salaries and bonuses.
The survey conducted in Fall 2010 found that of the 839 Japanese professionals questioned, over 35% saw their salaries increase in 2010. Professionals within the medical sector were most likely to receive these pay rises. In contrast, about 30%, said that their salaries had decreased from 2009 to 2010: most prominently in the financial services (35%) and manufacturing sectors (36%). Interestingly the financial services and manufacturing sectors were the most likely to offer bonus increases to their staff, after some of the substantial pay cuts experienced during late 2009 and early 2010. This decision was perhaps reflective of the need to retain key staff as opportunities became more readily available in these sectors.
Bonus payments in other sectors, however, were in short supply as 37% of workers surveyed revealed that they had not received a bonus in 2010. The lack of bonuses was perhaps unsurprising as the 2010 payments were calculated based on revenues from the 2009 fiscal year. Respondents working in consumer goods (59%) and media (57%) were most likely to have received no bonus.
Bonus Change Dependent on Industry
David Swan, Managing Director of Robert Walters Japan commented: “Whilst we are finding that industries have been recovering at different rates, we expect bonuses to rebound strongly in 2011 with many in Japan remaining cautiously optimistic about the global economy.”
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About the Employee Insight Survey
Robert Walters' Employee Insight Survey provides annual analysis and trends into the attitudes of Japanese professionals on the year's current issues. The survey results provide a snapshot of how people work and their thoughts on current issues affecting both their job and the professional decisions they make.
About Robert Walters
Robert Walters is a leading global recruitment consultancy, specialising in placing high calibre professionals into permanent, contract and temporary positions at all management levels. We have an established global network with 42 offices spanning 20 countries.
For more information, please contact:
Robert Walters Japan
Tel: +81 (0)3 4570 1513