Nomura Holdings Inc., one of Japan's leading financial services group, has announced a reform in its employment policy to maintain salaries at working-level for employees even after reaching retirement age. This unprecedented move by the company aims to retain experienced professionals in the firm longer, as Japan struggles with a rapidly aging population and labor shortage.

In Japan, it is customary for companies to significantly reduce the salaries of staff upon reaching retirement age, even if they continue working. This change by Nomura is seen as groundbreaking and is being welcomed as it may help motivate experienced staff to continue contributing their expertise beyond their official retirement. It also highlights a growing trend of Japanese corporations adapting their employment practices in response to societal shifts and labor market changes.

In the U.S. or EU, salary adjustments linked to retirement age are not as common. There is no tradition of reducing pay for older workers in most Western cultures. However, in these regions too, companies are increasingly exploring various strategies to retain older, experienced professionals within the workforce, recognizing their value in a competitive market.