The average bonus amount in the construction industry is1,593,228 yen
The Japan Business Federation (Keidanren) has announced the average amount agreed upon for winter bonuses (bonus payments and lump-sum payments) at major companies. The average bonus across all industries is934,858 yen. This represents a 6.14% increase compared to last winter. This is the first time since the survey began in 1959 that the average bonus amount has exceeded 900,000 yen, marking a record high.
Bonuses in the construction industry are the highest
Among all industries, the average bonus in the construction industry is1,593,228 yenThat was the highest amount. Since the average bonus in the construction industry last winter was 1,257,353 yen, this represents an increase of 26.71%.
The industries with the next highest bonuses after the construction industry were “Automotive” at 999,968 yen, “Machinery and Metals” at 970,312 yen, and “Food” at 969,628 yen. Since none of these figures reached 1 million yen, it’s clear just how high bonuses are in the construction industry.
Bonuses at general contractors total 3.21 million yen for summer and winter.
The average summer bonus amount announced by Keidanren in August of this year was 953,905 yen, an increase of 8.62% from the previous year, marking the highest figure since the survey began in 1959.
The average summer bonus in the construction industry rose by 32.34% to1,617,761 yen. In other words, when summer and winter bonuses are combined, the average bonus for 2018 exceeded 3 million yen.
However, this data is based on a survey of major companies listed on the First Section of the Tokyo Stock Exchange with 500 or more employees. Since the survey included only six companies in the construction industry during the summer and eight during the winter, these results are partial.
However, these results demonstrate just how well major construction companies are performing, against the backdrop of a booming economy driven by an increase in large-scale projects—including the upcoming Tokyo Olympics, the resulting surge in redevelopment, infrastructure development, and recovery efforts following the numerous disasters that occurred this year.
If you're thinking of switching to a major general contractor, now might be the time.
