Nomura's New Merit-Based Salary Structure

The video discusses the shift from age-based to merit-based pay systems, particularly in Japan, where the labor market is tight with 163 positions for every 100 job seekers. This shift represents a significant cultural change, as Japan traditionally values seniority. The video also touches on the transition from defined benefit to defined contribution retirement systems, a concept familiar in other countries but new to Japan.

What is the primary factor for determining pay in the new system discussed in the video?

• Position held in the company

• Number of years in the company

• Performance of the employee

• Age of the employee

What is the ratio of job positions to job seekers in Japan as mentioned in the video?

• 163 positions for every 100 job seekers

• 100 positions for every 163 job seekers

• 150 positions for every 200 job seekers

• 200 positions for every 150 job seekers

Why is the shift to merit-based pay considered unusual in Japan?

• It is a common practice in Japan

• It deviates from the seniority-based system

• It aligns with traditional Japanese values

• It is already widely accepted in Japan

What type of retirement system is Japan considering moving towards?

• Defined benefit system

• Defined contribution system

• Social security system

• Pension-based system

In which sector are vestiges of the old retirement system still prevalent?

• Private corporations

• Public unions

• Technology companies

• Healthcare industry