In an attempt to lure top talent in retail, Japan-based retail company, Uniqlo is considering paying an annual salary of US$280,000 and a managerial title in three years.

The salary would be more than three times the average pay at the company, and nearly 10 times the national average in Japan for those with similar employment tenures.

The company shared  in media that the company’s CEO, Tadashi Yanani is considering an option of higher pay to attract talent. “He is mulling putting the higher salaries into effect next spring. The effort follows a move earlier this year to raise compensation for some new hires,” shared the company in media.

According to a Nikkei report, the average Fast Retailing (owner of Uniqlo) annual pay was about 8.77 million yen as of August 2018. The lowest salary at the company was about 4 million yen a year.

According to media reports, with this move the company is considering promising young talent a move into management within three years with annual salaries of 20 million to 30 million yen (US$279,329) for those sent to the US or Europe, and more than 10 million yen for those in Japan

The company will then choose candidates for managerial positions in Japan and overseas after three to five years.