FUJITSU LIMITED Tokyo, March 13, 2024
Fujitsu today announced the results of its 2024 annual negotiations on the improvement of labor conditions. As one main outcomes of its negotiations with the Fujitsu Worker's Union, Fujitsu will raise monthly wages of leader class employees in research and development (1) (employees around the age of 30) from the current level of 400,700 Yen to 413,700 Yen, which corresponds to an increase of monthly income of 13,000 Yen (2), in addition to improved wage levels for other job groups.
This means that leader class employees in research and development can now potentially reach annual wages of around 10 million yen after the current review of compensation levels.
| Current wage level | Increase | New wage level | ||
| 400,700 Yen | ＋ | 13,000 Yen | ＝ | 413,700 Yen |
Maximising employee performance to improve sustainale corporate value
To realize its purpose, "to make the world more sustainable by building trust in society through innovation," Fujitsu in 2022 introduced a job-based human resources management system for all employees in Japan.
To achieve sustainable improvement of corporate value, Fujitsu is further focusing on the importance of maximizing the performance of each employee, and is actively investing in its talent development to proactively address and support the growth of its people at all stages of their professional careers.
Fujitsu's approach to compensation
Based on the concept of its job-based human resource management system, Fujitsu is setting compensation levels based on the wider human resource market, and determines individual compensation according to the level of employees' responsibilities.
Based on benchmark results from global companies, Fujitsu in April 2023 revised the compensation system for employees at all job levels in Japan and raised monthly wages by an average of 10% and a maximum of 29%.
Considering fluctuations in the human resources market that have accompanied the growing momentum for wage increases in Japan, Fujitsu will raise wages to further invest in human capital from the perspective of maintaining competitiveness.
- [1]Leader class employees in research and development :
Based on the wage model for key development and design workers established by the Japanese Electrical, Electronic and Information Union, the Fujitsu Workers' Union has set up requirements for jobs and job classes. - [2]Increase of monthly income of 13,000 Yen :
This is not a uniform increase in the base rate, but rather one that determines the amount of increase according to job class and high performance.
- "Fujitsu boosts employee compensation to strengthen global corporate competitiveness" (press release, April 27, 2023)
The Sustainable Development Goals (SDGs) adopted by the United Nations in 2015 represent a set of common goals to be achieved worldwide by 2030.
Fujitsu's purpose - "to make the world more sustainable by building trust in society through innovation" - is a promise to contribute to the vision of a better future empowered by the SDGs.
Fujitsu's purpose is to make the world more sustainable by building trust in society through innovation. As the digital transformation partner of choice for customers in over 100 countries, our 124,000 employees work to resolve some of the greatest challenges facing humanity. Our range of services and solutions draw on five key technologies: Computing, Networks, AI, Data & Security, and Converging Technologies, which we bring together to deliver sustainability transformation. Fujitsu Limited (TSE:6702) reported consolidated revenues of 3.7 trillion yen (US$28 billion) for the fiscal year ended March 31, 2023 and remains the top digital services company in Japan by market share. Find out more: www.fujitsu.com.
Fujitsu Limited
Public and Investor Relations Division
Inquiries
All company or product names mentioned herein are trademarks or registered trademarks of their respective owners. Information provided in this press release is accurate at time of publication and is subject to change without advance notice.
Date: 13 March, 2024
City: Tokyo, Japan
Company: Fujitsu Limited
Attachments
- Original Link
- Permalink
Disclaimer
Fujitsu Ltd. published this content on 13 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 March 2024 10:33:54 UTC.
