CEO Score, a site that evaluates the performance of businesses, conducted a survey on average years of service. After investigating 249 affiliates of the 30 major groups, the average years of service turned out to be 10.9 years. (image: Kobiz Media / Korea Bizwire)
SEOUL, Sept. 21 (Korea Bizwire) – The average years of service among employees of 24 major conglomerates has increased in spite of the prolonged period of economic difficulties. Considering that the research was conducted on the 30 major corporations in Korea, the results showed that a majority of workers are staying at their jobs for a longer period of time. While the average number of years of service was 10.6 in 2014, it increased slightly to 10.9 years in 2015.
CEO Score, a site that evaluates the performance of businesses, conducted a survey on average years of service. After investigating 249 affiliates of the 30 major groups, the average years of service turned out to be 10.9 years.
Among the 30 major groups, Daewoo Shipbuilding & Marine Engineering showed the longest years of service among employees (16.4 years). It was followed by Hyundai Heavy Industries Group (15.8 years), Hyundai Motor Group and S-Oil Corporation (15.6 years each), and POSCO Steel Service & Sales (14.2 years).
Comparing businesses, SK Energy Sales (20.2 years), Kia Motors Corporation (19.2 years), KT and Hyundai Rotem (18.7 years) and Hyundai BNG Steel (18.3 years) were in the top five.
In contrast, the group in which employees had the shortest period of service was Shinsegae Group (5.2 years). Hyundai Department Store Co. ranked second (5.8 years), followed by CJ Group (6.6 years), Hyosung Group (6.7 years) and Dongbu Group (7.8 years).
In terms of businesses where there was an increase in the average service years during the past year, Daewoo Engineering & Construction led the way (1.5 year increase). It was followed by LG and Doosan (0.8 years each), Samsung, Dongbu, KCC, KT (0.6 years each), S Oil and OCI (0.5 years each) and LS, Dongguk, Youngpoong, Mirae Asset, and Shinsegae (0.4 years each).
However, the service years among employees at Hyundai Heavy Industries Group shortened a year, which was not unexpected because there was a large restructuring due to disappointing business results. Hyundai (0.4 years), POSCO, and Hyosung (0.3 years) also showed a decrease in the years of service among employees.
In the meantime, employees of SK Energy showed the longest years of service among independent companies (20.2 years).
By Kevin Lee (kevinlee@koreabizwire.com)
