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NeoGAF's Physical Games Advocate Extraordinaire
Together with Nintendo Switch, which has sold over 100 million units worldwide, Nintendo continues to lead the game industry by continuing to release various blockbuster software. It is one of the most popular large companies in Japan, but it is attracting attention that its new employee retention rate is "almost 100%".
So, we asked an expert about why Nintendo can be called a representative company where newcomers don't quit, and the importance of the new employee retention rate in the current job market.
In recent years, the “employee retention rate” has been increasingly used as one of the indicators of a company's attractiveness. Even in the "Youth Employment Sheet" that must be disclosed when recruiting new graduates, it is required to enter the number of hires and the number of quitters in the last three years. The rate is also an important indicator for students who are looking for a job and for those who want to change jobs.
Under such circumstances, Nintendo, a world-class game maker that Japan boasts to the world, and which is always ranked high in the ranking of popular companies to work for, has reached almost 100% retention rate of new employees, and it became a hot topic on SNS.
According to the "employee data" released by Nintendo, the retention rate of new employees in Japan (percentage of those enrolled in April 2022 among the number of new graduates joining in April 2019) is 98.8%. If there were 100 new employees, this means that only about one quit. We asked Mr. Hiroki Okamoto, CEO of UZUZ Co., Ltd., who provides employment support for young people in their 20s, about his opinion on this figure.
“The average retention rate for new employees is about 70%, which means that 30% of new graduates quit within three years. So I think Nintendo’s 98.8% is an amazing figure. In the first place, large companies often have high salaries and welfare programs, so the retention rate tends to be high.Among them, Nintendo is a popular company that represents Japan, and it is a narrow gate with few hiring slots. Because of this, there may be no reason for employees who have overcome the difficulties to join the company to quit.” (Mr. Okamoto)
Nintendo's average annual salary was 9.88 million yen last year. It makes sense that the better the treatment, the higher the retention rate.
“However, there are companies in the game industry with higher average annual salaries than Nintendo. Square Enix is in the 14 million yen range, and Bandai Namco Holdings is in the 11 million yen range. There are many companies, but when it comes to new employee retention rates, I don't think there are any other companies in the same industry that have achieved numbers like Nintendo's."
Even in game companies, creators tend to move or become independent for each work, and the turnover rate tends to be high. The same is true for Nintendo, but perhaps there is a "comfort" that goes beyond that.
"Of course, Nintendo's welfare program is substantial. The rate of using paid leave is high, and they are very generous with childcare. We give our employees unique points, and we use those points There are also systems that can be used for games, books, travel, etc. In addition, we have a deep understanding of diversity, and for employees with same-sex partners, we have introduced a partnership system that treats employees with same-sex partners in the same way as actual marriages. We are also making efforts to
In addition to these employment conditions, Mr. Okamoto points out that Nintendo's image has a great influence.
"Actually, this is the most important thing, and I think that the power of the Nintendo brand keeps employees engaged. The number of people who want to work in the game industry is increasing, but the number of people who want to work at Nintendo is not the other. I have a strong desire to work at Nintendo." In fact, many of Nintendo's games are ranked in rankings such as 'best-selling computer game software.' If you want people to have fun, I think you'll want to join Nintendo and continue working."
What kind of index is the "new employee retention rate" for recent job seekers?
“The current working generation tends to emphasize not only welfare benefits but also 'ease of work,' such as the degree of freedom and the way work is entrusted to them, so the employee retention rate can be used as data to understand the actual situation within the company. I think there are parts.
However, the question of whether it is better if the retention rate is high varies depending on the industry and corporate culture. For example, at Recruit Co., Ltd., the standard course is to work hard in your twenties, change jobs, or start your own company, so the turnover rate is high, and the company is also trying to keep the numbers up to that level. I do not care. I think that such a judgment should be made firmly.” (Same)
For companies as well, it seems like putting the cart before the horse to implement measures just to increase the retention rate of employees.
"Nintendo's welfare program is not the result of efforts to maintain employee retention rates. Nintendo's mission as a company is to pursue profits and make great games within that. I think that raising the motivation of employees to achieve their goals has resulted in a high employee retention rate. I think it is a number that is positioned as a reason not to go.” (Same)
A long time ago, it was often said that "you can't understand a company unless you enter it", but if you look closely at indicators such as the employee retention rate, you can get a sense of the company's culture and ease of work to some extent. It seems that it is.
任天堂、驚異の新入社員定着率「ほぼ100%」…なぜ社員が辞めないのか
世界累計販売台数が1億台を超えた「Nintendo Switch」と共に、さまざまな大ヒットソフトを送り出し続け、ゲーム業界をリードし続ける任天堂。日本でも屈指の人気を誇る大企業だが、その新入社員定着率が“ほぼ100%”であることが注目を集めている。ゲーム業界の待遇が良く人気が高いのは確かだが、任天堂の定着率は驚異的だ。なぜ任天堂は社員が辞めないのだろうか。
biz-journal.jp
Mind you that the contents of the original article is in Japanese and was auto-translated via Google to English.
Detailed Nintendo employee data for JP, NA, EU and AUS can be found below.
Data Sheet | CSR Information | Nintendo Co., Ltd.
This page provides numerical data disclosure related to the environment, employees, and governance and compliance.
www.nintendo.co.jp
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