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Internet advertising firm CyberAgent Inc (4751.T) scrapped its uniform starting pay scale in April. Now it offers annual starting salaries ranging from 4.5 million yen ($40,000) to 7.2 million yen ($64,000) or more for IT engineers, who account for about 40 percent of its 5,000-person workforce mechanical watch cufflinks. “We face stiff competition in securing able workers,” said Yuko Ishida of CyberAgent. That means some young, incoming employees are paid more than their older co-workers. CyberAgent pays exclusively based on ability without taking seniority into account, Ishida said..

“Our competitors are also offering better salaries for high-quality workers, so we believe we can attract able workers by offering appropriate salaries,” she said. Although some say Japan is long overdue for a shift toward a more flexible, merit-based employment system, it could upset long-standing social order. “If it spreads throughout corporate Japan, it would mean a collapse of Japan’s employment system,” said Hisashi Yamada, a senior economist at Japan Research Institute and an expert on labor issues mechanical watch cufflinks.

CARACAS (Reuters) – Exxon Mobil Corp (XOM.N) said on Wednesday its oil drilling and development activities offshore Guyana were unaffected by a weekend incident in which Venezuela’s navy stopped two exploration vessels the company had hired. Venezuela’s navy halted seismic data collection by the boats on Saturday mechanical watch cufflinks. The governments of each of the two South American neighboring countries said the exploration vessels were in their territorial waters. A century-long border dispute has heated up in recent years as Irving, Texas-based Exxon has discovered more than 5 billion barrels of oil and gas off Guyana’s shores and said it could be producing 750,000 barrels of oil by 2025 from wells there..

Its 10 oil finds are at least 110 km (68 miles) away from the northwest part of the Stabroek block where the incident took place, the company said mechanical watch cufflinks. The company has a permit from Guyana to explore the Stabroek block. “Exploration and development drilling is continuing in the southeast area of the Stabroek Block,” the company said in a statement. An Exxon spokeswoman declined to say whether the two vessels, owned by Norway’s Petroleum Geo-Services (PGS.OL), planned to continue their survey..

Exxon shares rose about 4 percent on Wednesday as oil prices jumped, both recovering from sharp declines earlier in the week mechanical watch cufflinks. Hess Corp (HES.N), which owns 30 percent of the project, also surged 9.3 percent after plunging more than 12 percent on Monday. Markets were closed on Tuesday for the Christmas holiday. Venezuela’s foreign ministry said in a statement on Wednesday that it had sent a formal protest to Guyana’s government over its decision to allow “unilateral and arbitrary” exploration and other activities in the area without consultation..