Uniqlo parent to offer top recruits $280,000 after 3 years

Fast Retailing uses early specialization to find and foster management material

Rather than assigning new employees to stores by default, Fast Retailing will place incoming recruits directly into specialized departments that suit their skills.

YOSHIHIRO HARA, Nikkei staff writer

June 23, 2019 03:23 JST

TOKYO -- Fast Retailing, operator of Japanese clothing retailer Uniqlo, knows it needs talented young workers to fulfill its global ambitions, and it is willing to pay for them.

Promising new employees will have an opportunity to be promoted to a management position at a subsidiary after as few as three years with the company under a revamped personnel framework taking effect as early as spring 2020. Salaries will be as high as 30 million yen ($280,000) a year for those working in the U.S. or Europe, while those in Japan will make more than 10 million yen a year.