Tech giant looks to boost competitiveness with raises from 10% to 29%
Fujitsu is looking to improve its global competitiveness with a comprehensive review of its compensation system, along with boosting its investments in talent and career development.
As a result, the company will raise monthly wages for employees at all levels in Japan by an average of 10% and a maximum of 29%, which corresponds to an increase of annual income of 7% on average and a maximum of 24%.
Annual wages after review of the compensation system for employees in leader positions will be about 10 million yen or higher, and for senior management, about 20 million to 30 million yen. The monthly wage for new university graduates will increase by 25,000 yen from last year to 255,000 yen.
As part of its purpose "to make the world more sustainable by building trust in society through innovation," Fujitsu says it will continue investment in its employees to acquire the right talent to support its future business portfolio and contribute to customers' digital transformation (DX).
In recent years, Fujitsu has been improving its global competitiveness through “agile” decision making and operations as well as flat organizations “with clearly defined roles and responsibilities play,” and reskilling and upskilling initiatives.
As part of its "Work Life Shift" initiative, Fujitsu has been promoting new ways of working, including a flextime system without core time and the option of remote work. The company also introduced a job-based human resources management system to “empower” employees to take ownership of their own careers.
Based on this system, Fujitsu introduced training programs for all employees regardless of their rank, expanded on-demand learning contents, as well as the global, shared "Connect" employee evaluation system.
