turnover rate Archives | Be Korea-savvy
Blind Recruitment Leads to Higher Turnover Rate for New Hires

Blind Recruitment Leads to Higher Turnover Rate for New Hires

SEOUL, June 3 (Korea Bizwire) — The introduction of so-called ‘blind hiring’ for state-run companies in a bid to limit gender and academic background discrimination has resulted in a higher turnover rate for new hires, a report showed Wednesday. The Korea Institute of Public Finance analyzed the nation’s 182 state-run institutions that adopted blind hiring [...]

Turnover Rate of Deposits Nears 32-year Low

Turnover Rate of Deposits Nears 32-year Low

SEOUL, Nov. 15 (Korea Bizwire) — The turnover rate of deposits in South Korea hit a near 32-year low in September, central bank data showed Thursday, indicating that money circulation is clogged in Asia’s fourth-largest economy. The turnover rate of demand deposits came to 16.4 times for September, the lowest since January 1987, when the [...]