Yuhan Corporation announced on 4th that its average employee tenure recorded 12 years and 8 months in the first half of this year.
This is the longest tenure in the domestic pharmaceutical industry. The company cited its recognition and respect for employee diversity and the realization of gender equality in all areas, including employment, wages, promotion, and education, as the main reason.
Yuhan Corporation holds labor-management councils at least once a quarter to discuss improving working conditions for smooth communication between labor and management. Various programs are being operated, including an 'employee operation committee' composed of the CEO and employees at levels 3 and 4, 'reverse mentoring' involving employee representatives and executives, and 'renewal day' held on the first Friday of every month.
The company operates various systems, including a childbirth support grant of 10 million won per child, hiring substitute personnel during maternity leave or parental leave, workplace childcare centers, and exclusive parking for pregnant women. Long-tenured employees are provided with better working conditions through severance pay progression, employee awards, and reward vacations. In June, long-serving employees with 30, 20, and 10 years of service were awarded plaques, cash prizes, and paid leave.
A company official said, "Sustainable corporate value is created within a collaborative organizational culture that emphasizes diversity and equality," adding, "In this regard, we are working to establish a symbiotic labor-management relationship and foster a healthy organizational culture."