Sharp readies 3 bonuses a year to energize staff

Company wants to reflect quarterly earnings quicker, based on performance

20190806N sharp tai

Tai Jeng-wu, CEO of Sharp, said that performance-based bonuses will be paid more often. (Photo by Wataru Ito)

GEN NAKAMURA, Nikkei staff writer

OSAKA -- Electronics maker Sharp will pay bonuses three times a year instead of two under policies unveiled Tuesday, aiming to motivate employees to work harder.

CEO Tai Jeng-wu announced the change in a message to staffers. He had said last month that his goal was to pay bonuses four times a year to reflect quarterly earnings in employee compensation. Tai was sent over from Hon Hai Precision Industry, or Foxconn, when the Taiwanese company acquired Sharp in 2016.

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