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Dai-ichi Life upends seniority with 4% pay raise for 14,000 staffers

Insurer becomes latest Japanese company to reward skills over age

Dai-ichi Life Insurance is overhauling how it pays and promotes employees.

TOKYO -- Japan's Dai-ichi Life Insurance intends to hike pay for skilled, productive workers regardless of age in its biggest personnel policy shake-up since listing.

The Tokyo-based insurer aims to raise total pay by 4% next fiscal year for around 14,000 employees after reaching an agreement during upcoming labor talks.

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