weConnect Resources
Japan Statutory Employment Benefits
- All companies in Japan must enroll into the below benefit schemes
- Coverage premiums are split between employee and employer
- Employee premiums deducted from Gross salary. Employer premiums are additional cost based on gross salary.
INSERT EMPLOYEE SOCIAL INSURANCE GRAPH HERE
*If employee is 40 years of age or older, premium rate increases to 5.815% from March 2019 to include Nursing Care Insurance.
**Premium rate for Workmen’s Accident Compensation Insurance is 0.25% minimum. Depending on job risk, it may increase.
Key Takeaways
Understanding your obligations when hiring in Japan is important for budgeting, recruitment and compliance. weConnect can help explain what needs to be done to avoid issues internally, and with the Japanese government.