TOKYO -- Job hopping has become a key driver of pay increases in Japan. The average salary offered to midcareer job seekers rose 3% over the year through February, compared to an overall wage increase of 1.2%. In 2022, a record 33% of job switchers saw pay increases of 10% or more.
Japan's rigid labor market limits the pool of potential job switchers, posing a serious obstacle to broader wage increases.
Datawatch
Surge in job hopping boosts Japanese wages
One in three workers saw salary increases of 10% or more after switching jobs
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