POSCO Ranks 2nd in Employee Satisfaction Among Top 10 Conglomerates

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POSCO puts a premium on its employees’ happiness and professional development – as seen in the company ranking second in employee satisfaction in a recent study of the top 10 conglomerates in Korea.

POSCO ranked No. 2 for employee satisfaction among Korea’s top 10 conglomerates, in a study conducted over the first half of 2016 by Job Planet, a corporate assessment platform. Of the five categories evaluated, POSCO ranked No. 1 for promotion opportunities and possibilities, and work-life balance.

The findings were based on an analysis of some 5,200 comments posted between January 1 and June 30 by employees of the top 10 Korean conglomerates in terms of total assets. The total score was calculated by looking at five categories: welfare and wages, promotion opportunities and possibilities, work-life balance, workplace culture and management leadership.

POSCO scored 63.48 out of 100, good enough for second place, following Hyundai Motor Group.

POSCO runs a fair personnel system along with systematic human resource (HR) training. In addition, the company supports its employees both at home and work through introducing an array of family-friendly systems, including operating the POSCO Childcare Center.

Most notably, in 2011 POSCO adopted a system that allows up to two years of childcare leave, twice Korea’s legally guaranteed period of one year. The company also runs a childcare system that automatically links maternity leave to childcare leave once the maternity leave is completed. Spousal leave, which allows employees to accompany their spouse assigned to an overseas office if the spouse is also a member of POSCO Group, has also increased employee satisfaction.

POSCO also ranked second in Job Planet’s 2015 Best Places to Work, released in June last year. In that survey, the company ranked first in promotion opportunities and possibilities, and second for work-life balance, recognizing POSCO’s efforts to create a workplace that provides happiness both at home and work.

 

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