Seasonal Bonuses (Japan)
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Seasonal Bonuses (Japan)
Seasonal bonuses are paid twice yearly in Japan to salaried workers. It is generally referred to as a The summer bonus is called by companies and by unions. It is paid in June or July. The winter bonus is called by companies and by unions and is paid in December. The bonus amount varies from company to company and from year to year, but is generally several months' salary. For example, the 2012 summer bonuses for Japan Airlines employees were equivalent to two months' pay, while All Nippon Airways paid the equivalent of six weeks' pay. As reflected by the different Japanese naming above, while workers effectively consider it to be part of their salary, from the perspective of employers it is contingent on the company performing well, and can be reduced or cut more easily than salaries if the employer considers it necessary. For example, the June 2009 bonuses, in the midst of the financial crisis of 2007–08, were a 19% year-on-year drop according to the Japan Business Federati ...
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Japan
Japan ( ja, 日本, or , and formally , ''Nihonkoku'') is an island country in East Asia. It is situated in the northwest Pacific Ocean, and is bordered on the west by the Sea of Japan, while extending from the Sea of Okhotsk in the north toward the East China Sea, Philippine Sea, and Taiwan in the south. Japan is a part of the Ring of Fire, and spans Japanese archipelago, an archipelago of List of islands of Japan, 6852 islands covering ; the five main islands are Hokkaido, Honshu (the "mainland"), Shikoku, Kyushu, and Okinawa Island, Okinawa. Tokyo is the Capital of Japan, nation's capital and largest city, followed by Yokohama, Osaka, Nagoya, Sapporo, Fukuoka, Kobe, and Kyoto. Japan is the List of countries and dependencies by population, eleventh most populous country in the world, as well as one of the List of countries and dependencies by population density, most densely populated and Urbanization by country, urbanized. About three-fourths of Geography of Japan, the c ...
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Japan Airlines
, also known as JAL (''Jaru'') or , is an international airline and Japan's flag carrier and largest airline as of 2021 and 2022, headquartered in Shinagawa, Tokyo. Its main hubs are Tokyo's Narita International Airport and Haneda Airport, as well as Osaka's Kansai International Airport and Itami Airport. JAL group companies include Japan Airlines, J-Air, Japan Air Commuter, Japan Transocean Air, and Ryukyu Air Commuter for domestic feeder services, and JAL Cargo for cargo and mail services. JAL group operations include scheduled and non-scheduled international and domestic passenger and cargo services to 220 destinations in 35 countries worldwide, including codeshares. The group has a fleet of 279 aircraft. In the fiscal year ended 31 March 2009, the airline group carried over 52 million passengers and over 1.1 million tons of cargo and mail. Japan Airlines, J-Air, JAL Express, and Japan Transocean Air are members of the Oneworld airline alliance network. JAL was establi ...
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All Nippon Airways
, also known as ANA (''Ē-enu-ē'') or is an airline in Japan. Its headquarters are located in Shiodome City Center in the Shiodome area of Minato ward of Tokyo. It operates services to both domestic and international destinations and had more than 20,000 employees as of March 2016. In addition to its mainline operations, ANA controls several subsidiary passenger carriers, including its regional airline, ANA Wings, Air Nippon, Air Do (a low-cost carrier operating scheduled service between Tokyo and cities in Hokkaido), and Allex Cargo (ANA Cargo - the freighter division operated by Air Japan). ANA is also the largest shareholder in Peach, a low-cost carrier joint venture with Hong Kong company First Eastern Investment Group. In October 1999, the airline became a member of Star Alliance. On 29 March 2013, ANA was named a 5-Star Airline by Skytrax. On 27 April 2018, ANA announced ANA Business Jet Co., Ltd., a joint venture with Sojitz to offer private jet charter flig ...
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Financial Crisis Of 2007–08
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitabil ...
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Japan Business Federation
The is an economic organization founded in May 2002 by amalgamation of Keidanren (, Japan Federation of Economic Organizations, established 1946; name sometimes used alone as abbreviation for whole organization) and Nikkeiren (, Japan Federation of Employers' Associations, established 1948), with Nikkeiren being absorbed into Keidanren. The federation is commonly referred to as "Keidanren", its 1,601 members consist of 1,281 companies, 129 industrial associations, and 47 regional economic organizations (as of June 15, 2010). For most of the post-war period, Keidanren has been the voice of big business in Japan and is generally considered the most conservative of the country's three major private sector led business associations. The other two organizations are the Japan Chamber of Commerce and Industry (日本商工会議所) and the Japan Association of Corporate Executives (経済同友会). According to the organization's official website, the mission of the Keidanren is t ...
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Sompo Japan Nipponkoa Insurance
, formerly NKSJ Holdings and , is a Japanese insurance company. It is the second-largest property insurance company in Japan only behind Tokio Marine, with market share of 19.3% in 2007. The “Sompo” in the company's name means in Japanese, though Sompo Japan offers a range of financial services including life insurance, securities, asset management and venture capital businesses. History Tokyo Fire Insurance Company, Ltd. was established in 1887 as Japan's first fire insurance company. The company worked to cultivate an awareness of fire insurance, and five branch offices were added within a year. The major Yokosuka fire of 1890, however, nearly toppled the fledgling company. In 1893, Japanese entrepreneur Zenjiro Yasuda absorbed the Tokyo Fire Insurance Company into the Yasuda zaibatsu. Later, in 1944, Tokyo Fire Insurance, Imperial Marine Insurance, and First Engine & Boiler Insurance merged to become the Yasuda Fire & Marine Insurance Company (安田火災海上 ...
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Ministry Of Health, Labour And Welfare
The is a cabinet level ministry of the Japanese government. It is commonly known as in Japan. The ministry provides services on health, labour and welfare. It was formed with the merger of the former Ministry of Health and Welfare or and the Ministry of Labour or . The Minister of Health, Labour and Welfare is a member of the Cabinet and is chosen by the Prime Minister, typically from among members of the Diet. Organization The ministry contains the following sections as of 2019: * The Minister's Secretariat (including the Statistics and Information Department) * The Health Policy Bureau * The Health Service Bureau * Pharmaceutical and Food Safety Bureau (including the Food Safety Department) * The Labour Standards Bureau (including the Industrial Safety and Health Department, Workers Compensation Department, and Workers' Life Department) * The Employment Security Bureau (including the Employment Measures for the Elderly and Persons with Disabilities Department) * The H ...
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Daily Yomiuri
The (lit. ''Reading-selling Newspaper'' or ''Selling by Reading Newspaper'') is a Japanese newspaper published in Tokyo, Osaka, Fukuoka, and other major Japanese cities. It is one of the five major newspapers in Japan; the other four are the ''Asahi Shimbun'', the ''Chunichi Shimbun (Tokyo Shimbun)'' the ''Mainichi Shimbun'', and the '' Nihon Keizai Shimbun''. It is headquartered in Otemachi, Chiyoda, Tokyo.' It is a newspaper that represents Tokyo and generally has a conservative orientation. It is one of Japan's leading newspapers, along with the Osaka-based liberal (Third way) Asahi Shimbun and the Nagoya-based Social democratic Chunichi Shimbun. It is published by regional bureaus, all of them subsidiaries of The Yomiuri Shimbun Holdings, Japan's largest media conglomerate by revenue and the second largest media conglomerate by size behind Sony,The Yomiuri Shimbun Holdings is the largest media conglomerate by revenue in Japan, while Sony is Japan's largest medi ...
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Nippon Life
, also known as or is the largest Japanese life insurance company by revenue. The company was founded in 1889 as the ''Nippon Life Assurance Co., Inc.'' In structure it is a mutual company. It first paid policyholder dividends in 1898. Overview Nippon Life employs 70,519 employees and has 70,608 billion yen in assets as of 2016. The company is headquartered in Imabashi Sanchōme, Chūō-ku, Osaka is a designated city in the Kansai region of Honshu in Japan. It is the capital of and most populous city in Osaka Prefecture, and the third most populous city in Japan, following Special wards of Tokyo and Yokohama. With a population of ..., Japan. References External links Company website(in Japanese)Company website(in English) Insurance companies of Japan Mutual insurance companies Companies based in Osaka Prefecture Financial services companies established in 1889 1889 establishments in Japan Japanese brands {{japan-company-stub ...
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Employee Bonus
Employment is a relationship between two parties regulating the provision of paid labour services. Usually based on a contract, one party, the employer, which might be a corporation, a not-for-profit organization, a co-operative, or any other entity, pays the other, the employee, in return for carrying out assigned work. Employees work in return for wages, which can be paid on the basis of an hourly rate, by piecework or an annual salary, depending on the type of work an employee does, the prevailing conditions of the sector and the bargaining power between the parties. Employees in some sectors may receive gratuities, bonus payments or stock options. In some types of employment, employees may receive benefits in addition to payment. Benefits may include health insurance, housing, disability insurance. Employment is typically governed by employment laws, organisation or legal contracts. Employees and employers An employee contributes labour and expertise to an endea ...
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