Labour leader Jeremy Corbyn vows to double minimum wage for young workers
A future Labour government would more than double the minimum wage in Britain for workers under the age of 18 to £10 an hour, its leader said Saturday, stepping up his campaign over the cost of living. Jeremy Corbyn told a party gathering that employers ...
Japan's business execs paid less than regional counterparts, study says
Japanese executives receive lower pay than their counterparts in other parts of Asia and those seeking to change jobs increasingly cite money as their main motivation, according to studies by a recruitment firm. In the latest edition of its annual pay survey, Hays recruitment consultants ...
Japan's working cancer patients face pay cuts, mounting bills and lack of awareness, study shows
Medical advances are enabling more cancer patients to return to work after treatment, but not without difficulties. Many face pay cuts and struggle to cover medical bills or living costs, according to a recent survey of working cancer patients by Lifenet Insurance Co. Conducted in ...
Global salary gaps hindering automakers' efforts to lure IT workers
Headhunter Casey Abel spent four months trying to hire a data center architect for a Japanese automaker, including five meetings with the client — one with the top executive. In the end, the IT specialist joined an e-commerce company abroad for significantly more money. "There's ...
Consumption set to falter after Japan's workers eke out 0.1% pay hike in 2015
The nation's workers barely got a pay rise in 2015, with a 0.1 percent increase in cash earnings slower than the 0.4 percent bump in 2014. Total wages in Japan haven't risen more than 1 percent since 1997 and they fell for the past four ...
Wage growth outpaced inflation in April, first time in two years
Workers saw their wages increase faster than the cost of living in April for the first time in two years, as the impact of last year's sales-tax hike faded. Real pay rose 0.1 percent from a year earlier, the labor ministry said on Tuesday. Overall ...
Japan's average monthly real wage plunged 3.0 percent in fiscal 2014, marking the largest fall on record and the fourth year of decline, as last year's consumption tax hike took its toll, the labor ministry said Tuesday. However, in nominal terms the average monthly wage ...
Increases in the cost of living outpaced annual earnings that rose for the first time in four years in 2014 as the Abe administration sought to reflate the economy. Average earnings climbed 0.8 percent last year while pay, adjusted for inflation, fell 2.5 percent, the ...
Salaries of BOJ governor, other execs rise for first time in nine years
The Bank of Japan gave the first pay raise in nine years to its Policy Board and other executives, backing Gov. Haruhiko Kuroda's efforts to reflate the world's third-biggest economy. Kuroda's salary will rise to ¥34.7 million in the year that started in April, the ...
Average monthly wage rises by more than 2% first time in decade
Average monthly pay, including bonuses, rose 2.6 percent in July to ¥369,846 from a year earlier, marking a rise of 2 percent or more for the first time in a decade, the labor ministry said Tuesday. Bonuses and other nonregular payments surged 7.1 percent to ...
Panasonic Corp. is planning to raise the pay scale for its employees at this spring's labor-management wage talks for the first time since 2008, sources said Tuesday. The electronics-maker took into consideration commodity price rises and the imminent sales tax hike, which will likely put ...
