MONOGATARI CORPORATION will raise wages for 1,788 regular employees at Yakiniku King by combining regular annual raises with base pay increases. The average wage increase is 11%, effective from the November payment, marking the 4th consecutive year of base pay increases.
MONOGATARI CORPORATION, operator of the Yakiniku King barbecue chain, decided to raise wages for 1,788 regular employees through a combination of regular annual raises and base pay increases. The changes are scheduled to take effect from the November payment and include increases in base pay, skill-based pay and position allowances. Other specific details have been reported based on information disclosed by the company.
The average wage increase is 11%, including regular annual raises. The monthly salary increase will exceed ¥5,000, resulting in an expected net annual increase of more than ¥60,000. The move is reportedly intended to secure personnel against a backdrop of strong business performance.