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Nikon to raise annual salary for highly skilled staff by up to 20%

Japanese optical equipment maker looks to attract talent in tight market

Japan's Nikon hopes to attract and retain skilled professionals by raising salaries by up to 20% in October. (Photo courtesy of Nikon)

TOKYO -- Nikon will increase the pay of high-skill employees and managers by up to 20%, starting in October, Nikkei has learned, as competition for talent intensifies globally in the fields with strong growth potential, such as health care.

It is rare for a major Japanese company to raise annual salaries uniformly by up to 20%. While a growing number of overseas companies are raising compensation for highly specialized staff, pay raises are usually limited to staff with highly specialized skills, such as data scientists.

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