News Japanese IT firm to pay employees inflation allowance

[thomas]

Cybozu Inc., a major Japanese IT firm, wants its employees worldwide up to 150,000 JPY to focus more on work rather than worrying about the impact of soaring consumer prices on their budgets.

The company announced on July 13 that it would provide up to 150,000 yen ($1,083) to its workforce as a one-time allowance to cushion the blow. Cybozu will pay its first "special inflation allowance" between July and August to nearly 1,000 staff members working in Japan, the United States, Australia, China, Taiwan, Thailand and Malaysia. The firm said it needed to quickly ease employees' concerns for higher living expenses as utility costs and the prices of many food items and daily necessities began climbing early this year.

Cybozu to pay employees up to 150,000 yen to ease rising prices | The Asahi Shimbun: Breaking News, Japan News and Analysis

Link:

サイボウズ株式会社

サイボウズはクラウドベースのグループウェアや業務改善サービスを軸に、社会のチームワーク向上を支援しています。

cybozu.co.jp

 

[Petaris]

Thats nice and all, but why not a cost of living raise? Its not like prices will go back down, they never do.

 

[thomas]

Thats nice and all, but why not a cost of living raise? Its not like prices will go back down, they never do.

In Japan, PMs Abe, Suga, and now Kishida have tried convincing employers to raise salaries. This was a cornerstone of Abenomics. So while many corporations made good profits, this windfall never really trickled down to the employees, one major failure of Abe's ill-fated policy. Now that we have real inflation, companies are still reluctant but gradually agree to raise wages.

"Managements are more tolerant of wage increases than previously expected, as many companies have recovered their performance last year and are willing to retain talent with higher wages," said Hisashi Yamada, the vice-chair of the Japan Research Institute, a think-tank. He said that while it remained to be seen if the service sector and smaller companies followed suit, the move by big companies was the first sign of a cycle of wage increases amid rising consumer prices.

Source: Japan's top companies raise wages as inflation hits workers

 

[musicisgood]

McDonalds is still under 1000 yen an hour.
A hamburger is 130 yen now. Forget it.

 

[Grandpa Frank]

My local McD's is begging for help , starting at 2400YEN an hour and lots of overtime available.

 

[Petaris]

My local McD's is begging for help , starting at 2400YEN an hour and lots of overtime available.

If its anything like ours then a hamburger is way past the equivalent of 130 yen as well.

 

[cloa513]

My local McD's is begging for help , starting at 2400YEN an hour and lots of overtime available.

Where are you? In the middle of nowhere?

 

[Grandpa Frank]

Southern Maine gives more pay and benefits and freebees to those who refuse to work. People from all over come to Portland for free food and housing for the past 15 years. People 30 and younger live home with mom & dad and feel , why work. Teenagers who used to work summers now stay home to relax and play video games and use their cell phones 24/7. Almost every business has help wanted signs or signs saying they closed for lack of help .

 

[mdchachi]

My local McD's is begging for help , starting at 2400YEN an hour and lots of overtime available.

It's a little odd that your local McDonalds in Maine is paying people in yen though.

People from all over come to Portland for free food and housing for the past 15 years.

Do you have a link? I couldn't find any free housing programs. I did find some low income assistance programs.

Housing Programs | Portland Housing Authority, ME

Access important information and resources about our affordable housing programs and communities around Portland, Maine.

www.porthouse.org

 

[Grandpa Frank]

We just get info from our local TV news. It seems every hotel/motel was filled with people the city and state put up. After the police got tired of hundreds of problem calls the motels kicked most of them out. I guess drug and alcohol and panhandling calls were driving the police nuts. Now the ones kicked out have set up tents and camps all over the city and that has become a big problem. Different towns have had big developers come in to build large housing units and every town so far has said"not in my backyard". I hate to admit it but I have no clue how to post links on JREF. If I did know how , I worry I would post some link that is dangerous and maybe do damage to JREF so I don't bother to learn how. I live on Facebook and every once in a while I click on a link that sends my PC into a code red panic. The local police departments in and around Portland all have Facebook pages that tell what they do each day. It seems the whole state has drug problems but we are lucky the crime in my neighborhood has been almost nothing for the 35 years I've lived here.