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Stock impact report

Japan Brokerages Boost Pay, Perks for Retirement-Age Staff [Yahoo! Finance Canada]

Nomura Holdings Inc ADR American Depositary Shares (NMR) 
US:NYSE Investor Relations: nomuraholdings.com/investor
Most Read from Bloomberg Workers who reach 60 or above typically face a steep drop in their salary when they are re-employed, and diminished roles such as creating documents. Now, they are increasingly getting paid for performance and given heavier responsibilities in line with their experience. At Daiwa Securities Group Inc., compensation for senior employees aged 60 or over has risen by an average of 15% over the last two years in Japan. Nomura Holdings Inc. added paid sick leave to their benefits last year, on par with what younger peers get. Sumitomo Mitsui Financial Group Inc.'s securities unit also hiked pay levels for senior workers for two years in a row. “The diverse experience and skill sets of employees at 60 or over are important for our business,” Japan's biggest brokerage Nomura said in response to queries from Bloomberg. As an example, “employees with experience in the world where interest rates are above zero can provide information that is difficult for younger Show less Read more
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