Firms raise starting salaries for new graduates

Okuda: There are many young employees who quit, but we want to increase our competitiveness by acquiring talented people. — Reuters

TOKYO: An increasing number of companies are raising their starting salaries as they look to hire and retain talented people.

The low birthrate and high turnover rates of young employees, combined with the need to secure new personnel to deal with digitalisation and other challenges, are issues they are having to face.