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- Salary guide 2024
of hiring managers plan to recruit over the next 6 months.
of professionals plan on actively looking for a new job in the next 6 months - 28% down from last year.
of employers have lost out on hiring new talent in the last 6 months as they can’t compete on salary and benefits.
Organisations will need to review their compensation structures and make an effort to bring them in line with other G7 economies if they want to retain and hire the best talent in 2024.
- Lionel KaidatzisManaging Director, Morgan McKinley Japan
This is your opportunity to Go Beyond all expectations.
How can you be successful in the evolving talent landscape?
The top 5 hiring challenges companies will face in 2024.
of organisations in Japan found hiring ‘Very’ or ‘Quite’ competitive in 2023. The main barriers for recruitment in 2024 are…
- Lack of skilled candidates available
- No budget to hire
- No sign off for new headcount
- Employer branding not attractive
- Pay and benefits not competitive enough
What do people want? Key benefits to offer…
Employees in Japan are not very satisfied with the benefits they receive, with 58% being ‘neutral’, ‘dissatisfied’ or ‘highly dissatisfied’ with their packages.
Offering strong benefits, both financial and non-financial, increases your chance of attracting and retaining top talent.
- Pension (above statutory requirements)
- Bonus
- Employee stock options, incentive plans
- Work from home
- Flexible working hours: Flexi-start, flexi-finish
Top 5 most desired benefits:
Flexibility is still high on the agenda.
Flexibility around working patterns remains a prominent request, yet 62% of organisations are asking staff to be in the office more regularly compared to this time last year.
Giving freedom around where and when your people do their work gives your attraction and retention a boost.
Up, down or flat? The state of salaries.
Successive governments have tried to accelerate wage increases in Japan, but with limited success. This issue is more acute now than ever, as inflation and FX rates have reduced consumer spending power.
66%
of organisations kept their salary bandings level over the second half of 2023.
55%
of employers plan to increase salary offers in 2024 for certain, hard-to-fill roles.
46%
of professionals are optimistic that they will receive an increase in 2024.
2024 Japan salary guide.
Explore salaries to find out how much you should be paying your employees or how much you could be earning this year.
Compare salaries
Download your Salary Guide for 2024.
Salary data, insights and advice to guide your talent strategies. Benchmark what you are paying your teams against the industry averages for roles in your location.
A full range of Talent Services...
Whether you need new people to scale up your teams, or you’re looking for specific skills to help your business react fast, our full range of talent services will deliver. We Go Beyond to find you the right people.
Advice for successful hiring.
Pay and Perks: Your Winning Talent Strategy
43% of businesses outlined ‘Can’t compete on pay and benefits’ as the main reason they have lost out on hiring new talent in the last 6 months.
Read more
5 reasons why hiring processes are putting off top talent
In the complex world of hiring, finding the right balance often feels like a juggling act.
Read more
10 benefits of hiring a contractor
Some people still view contractors and temps as low paid employees with no skills or qualifications, but this is far from the truth.
Read more
