Monthly Average of 6.68 Million Won to Hire One worker... Welfare Gap Between Companies Persists
4 Articles
4 Articles
According to a survey by the Ministry of Employment and Labor, the gap in wage and welfare costs between large corporations and small and medium-sized enterprises (SMEs) widened last year. Direct labor costs for companies with 300 or more employees stood at 6.36 million won per month, a difference of approximately 1.94 million won compared to SMEs, while the gap in welfare costs also intensified. The finance and insurance sectors recorded the hi…
Last year, the average monthly cost of employing one permanent worker was 6,681,000 won (monthly average per person), a 5.0% increase from the previous year. In particular, bonuses and performance-based pay rose by 5.9% to 821,000 won, the largest increase since 2021; this is attributed to waiting sectors such as finance, insurance, and manufacturing.
(Seoul = Yonhap News) Reporter Ok Seong-gu = Last year, the total cost incurred by domestic companies to hire one worker, including wages, bonuses, performance-based pay, and welfare expenses, averaged 6... per month
"Labor costs," the total amount required to hire, pay, and retain one employee, increased by 5% over the past year, rising to a monthly average of 6.68 million won. It is pointed out that the reason companies are reluctant to hire new full-time employees is precisely because of labor costs, which increase the burden on management. According to the results of the "2025 Fiscal Year Corporate Labor Cost Survey" released by the Ministry of Employmen…
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