Fewer Companies Giving Raises
The Fukuoka Chamber of Commerce and Industry released the results of its survey of member firms regarding the salaries they paid their employees in 2011. It revealed that 31.35% offered no wage increases to their employees during the year, a 1.0 percentage-point rise from the previous year. In contrast, 47.0% of the companies did boost employee salaries, but the average increase was 692 yen less than the year before.