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Young Salaried Workers Dissatisfied with Annual Incomes

Tuesday, December 5, 2006 Posted: 12:33 PM JST

Career Design Center Co., Ltd., a company which manages websites for job-switchers, carried out an Internet survey targeting approximately 700 salaried workers in their 20s and 30s, and found that an increasing number of workers are dissatisfied with their current annual income levels, now that the economy is recovering. Japan has reportedly entered its longest post-war phase of economic growth, but many firms, it seems, are still cautious about pay raises.

The survey shows that some 70 percent of the respondents are "somewhat dissatisfied" or "dissatisfied" with their current annual incomes. Greater dissatisfaction was expressed by respondents working for firms with fewer than 100 employees, revealing the gap between their annual incomes and those of employees of large firms.

The percentage of workers who had switched jobs in the past increased by 3.5 percentage points from the previous fiscal year to 73.2 percent, thanks to the current active corporate move in hiring workers with experience in consideration of mass retirement of baby-boomers in the near future and also the growing difficulties in recruiting new graduates. "Salaries and other treatment" were top among reasons for job-switching (34.5%, multiple answers accepted); behind this lies the fact that increased expectations of higher annual income encourage those job switchings.

Keywords: national_news

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