seniority-based system Archives | Be Korea-savvy
Samsung Electronics Discards Seniority Principle to Start ‘Cultural Innovation’

Samsung Electronics Discards Seniority Principle to Start ‘Cultural Innovation’

SEOUL, June 28 (Korea Bizwire) – Samsung Electronics is switching from its current seven-tier rank system to a simpler four-tier scheme. All employees will now address each other by Mr. or Ms., and not their job titles. On Monday, June 27, the company announced a revised HR management plan that focuses on simplifying its rank system [...]

Hyundai Motor to Adopt Performance-based Annual Salary System

Hyundai Motor to Adopt Performance-based Annual Salary System

SEOUL, Jan. 19 (Korea Bizwire) – Hyundai Motor will accelerate its wage system revision for production line laborers from the current seniority-based system to a performance-based and job-based wage system. According to industry officials on January 18, the trade union and management of Hyundai Motor Company are now running a joint committee to improve the wage system, [...]