SeoulMarkets · tag
industry
6 stories tagged “industry”, each from official Korean data with its source and timestamp.
How long each Korean industry keeps the people it hires, from 16 years down to under four
Listed companies file their workers' average tenure in their own annual reports. Weight it by headcount and rank Korea's 44 biggest industries: carmakers hold people 16 years, research firms under four.
How much of a Korean company's life does its average worker see? At most two-fifths of it
Long tenure and old firms go together at 0.66 — the tenure ladder is partly an age ladder. Measured against firm age, no sector's workers have stayed even half the company's life; research looks churny only because its firms are young.
In Korea, the industries that hold their workers longest are mostly the ones that pay them most
Rank 44 listed industries by how long they keep people and by what they pay, and the two line up at 0.67. Long-tenure sectors pay 1.7 times the high-churn ones — but retail keeps people cheaply, and research pays for talent it cannot keep.
The older an industry's firms, the fewer workers it loses. In Korea the link is strong.
Across 105 industries, average firm age and monthly separation rate move inversely, with a correlation of -0.61. Banks are old and stable; construction is young and churns. Stability, it turns out, has an age.
Korea's oldest workplaces are its banks. Its youngest are building sites and coffee shops.
Measured by years enrolled in the pension system, domestic banks average 33 and credit unions 32. Earthmoving and electrical-wiring contractors average barely two. An industry's age maps how it is built.
Korea's pension bill sorts 11.6 million workers into a pay ladder. Top to bottom, 2.3 times.
Every employer is billed 9% of a worker's pay for the national pension, up to a ceiling. Rank Korea's 41 biggest industries by that bill per head and imaging-equipment plants sit 2.3 times above employment agencies.