Several local Japanese banks have started rolling out cash incentives of about 200,000 yen for their newly hired employees. This initiative, in a bid to attract fresh talent amidst critical labor shortages, also aims to promote a sense of financial security. The banks are hoping that the move will improve the organisations' retention rates and boost employee morale.

The Japanese society greatly values occupational loyalty and security. In the face of a shrinking labor market due to an aging population, companies are under increasing pressure to provide attractive salaries and employment benefits. This program seems aimed at attracting young professionals to the banking sector, a generally stable and respected field of work in Japan.

In the United States and European Union, companies are also known to offer sign-on bonuses to attract new employees, especially within competitive fields. However, such a practice in the banking sector is not as common there as it is emerging in Japan. Circumstances vary based on differing job markets and economic conditions.