Rising labor costs and human resources retention risks due to work-style reform legislation and equal pay for equal work
First written in FY2020. 1 of 2 entries say "Restated". Latest entry: FY2021.
The whole theme swung hardest in 2021: 2 of 9 companies on the "Worse" side.
8 other companies' latest entry also says "Restated".
- FY2021RestatedAnnual report
「In responding to these amendments to labor-related laws and changes in the employment environment, including increases in the cost-of-sales and SG&A ratios, the Group may become unable to maintain and secure sufficient numbers of the personnel it needs.」
The risks of higher cost-of-sales and SG&A ratios and difficulties in securing personnel due to changes in labor legislation and the employment environment, including equal pay for equal work, remain ongoing. - FY2020First statedAnnual report
「The Act on the Improvement of Employment Management for Part-Time and Fixed-Term Workers and other related legislation have brought significant changes to the regulatory and employment environment surrounding both permanent and fixed-term employees, including the clarification of equal and balanced treatment by employment category under the equal pay for equal work system from 1 April 2020, and the requirement to correct disparities where unreasonable differences in treatment exist. In responding to these amendments to labor-related laws and changes in the employment environment, including increases in the cost-of-sales and SG&A ratios, the Group may become unable to maintain and secure sufficient numbers of the personnel it needs.」
The Act on the Improvement of Employment Management for Part-Time and Fixed-Term Workers and the equal pay for equal work system introduced in April 2020 were disclosed as new risks that could lead to higher cost-of-sales and SG&A ratios in the human resources business and difficulties in securing personnel.