이 누리집은 대한민국 공식 전자정부 누리집입니다.
Biz News Korea(Eng)
All Korean state-run financial institutions opt for performance-based salary system
- Collected
- 2016.05.31
- Distributed
- 2016.06.01
- Source
- Go Direct
Now all nine state-run financial institutions under the Financial Services Commission’s supervision - the Korea Eximbank, Korea Development Bank, Industrial Bank of Korea, Korea Housing Finance Corp., Korea Technology Finance Corp., Korea Credit Guarantee Fund, Korea Asset Management Corp., Korea Securities Depository, and Korea Deposit Insurance Corp. - have elected to implement a performance-based compensation system, shifting from the country’s traditional wage system, which pays employees based on their working years.
But as eight of the state-run financial institutions including the Korea Eximbank have decided to pay based on merit without consent from their labor unions, they will likely face strong resistance from their workers.
The financial employees union is said to be mulling a general strike and legal actions against the boards’ decision on the new salary system. “The management’s unilateral change of the labor rules is a violation of the labor standards act,” said an unnamed labor union official. “(The labor unions) have organized a legal team to discuss various legal actions.”
By Kim Hyo-sung
[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]