The Ministry of Employment and Labor announced on the 12th that it will recruit mid-sized and small corporations to participate in the 'Industry-specific Wage System Improvement Support Project.' This program supports corporations that wish to transition to a job and performance-based wage system by providing specialized consulting tailored to the conditions of the business sites.

Government Sejong City Hall Ministry of Employment and Labor. /Courtesy of News1

A wage system consulting firm like KPMG Samjong Accounting Corp. will visit corporations directly to diagnose situations and analyze job roles, providing in-depth consulting that supports improvements across human resources and labor management. It will operate a council of industry-specific experts to establish a systematic consulting direction reflecting the characteristics and issues of each industry, and will review the consulting process to aid improvements.

Any mid-sized or small corporation that wishes to improve its wage system and has the willingness to implement it can apply for this project. Interested corporations can apply directly to the industry-specific operating agencies. The industry-specific operating agencies include ▲ IT (Information Technology) Industry CNP Consulting ▲ Bio Industry KPMG Samjong Accounting Corp. ▲ Automobile Parts Industry FMASSOCIATES ▲ Shipbuilding Industry Korea Productivity Center, etc.

Meanwhile, the Ministry of Employment and Labor will develop a standard model for industry-specific wage system improvements based on the results of individual consulting, which will be shared on the Wage Job Portal. Corporations that do not participate in the project can also use the standard model to diagnose their current wage systems and make self-improvements.

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