ChemRez      Technologies     HR POLICIES FOR SOUTH KOREAASIAN INSTITUTE OF MANAGEMENT   Learning Team – 1ACohort-7 | MBA ...
OVERVIEWOrganizational Design & CultureGeneral HR PracticesLabor LawsRecruitment, Training & DevelopmentEnd of Services Po...
Organization Structure                    President                  (Philippines)         International                  ...
Cultural Divide         SOUTH KOREA            PHILIPPINESAutocratic             ParticipatoryClosed                 OpenA...
General Practices and Ethics• Confucianism : respect for seniority & high regard  for family and relationships• Patience i...
Manager and Team• Natural team players• Team leader respect by achievement, age,  experience• Paternalistic or Hierarchica...
Discrimination• Gender• Age• Discrimination redress system  -Non-regular employees compared with regular    employees
Working Hour Policy• 5 day work schedule- Monday to Friday.• 8 hours per day work requirement.• No flexi timings and work ...
Leave Policy• Leave policy according to industry standard.  - 15 days a year  - additional sick and earned leaves• Materna...
Compensation & Benefits• Korean wages are twice as     160,000  as Philippines                140,000                     ...
Pay Policy & Appraisal• Merit     increment    and     performance     bonus  programmes  - Civil Service Regulation for P...
Recruitment• Global culture Fast-changing Korean chaebol  recruitment trend• Recruitment channels• Local workforce or Fore...
Training & Development• Training programs  - seminars by industry experts  -training sessions by academes• Learning Develo...
End of Services Policies• Factors impacting a foreign employer  -Stringent Labor Laws that impose high penalty  -Low thres...
End of Services Policies• Notice Period – 30 days or pay in lieu of• Cannot terminate employees who were on leave for -   ...
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ChemRez Technologies - HR Policy Analysis for entering South Korea

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An academic research and recommendation project undertaken to consult on South Korean HR policies to ChemRez Technologies of Philippines. This paper is intended as an academic work only and any discrepancies or incorrect hypotheses may not be held against the author.

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ChemRez Technologies - HR Policy Analysis for entering South Korea

  1. 1. ChemRez Technologies HR POLICIES FOR SOUTH KOREAASIAN INSTITUTE OF MANAGEMENT Learning Team – 1ACohort-7 | MBA 2012 - Darshak S J - Dianne Sison - Madhuranath R - Tanmoy Dey - Vincent Bermejo
  2. 2. OVERVIEWOrganizational Design & CultureGeneral HR PracticesLabor LawsRecruitment, Training & DevelopmentEnd of Services Policies
  3. 3. Organization Structure President (Philippines) International Country Sales Sales Manager Manager (Philippines) Executive Administrative Assistant Manager Sales Support Admin Staff StaffPolystyrene Polyster Powder Coating O-ChemicalsSP Manager SP Manager SP Manager SP Manager
  4. 4. Cultural Divide SOUTH KOREA PHILIPPINESAutocratic ParticipatoryClosed OpenAge-Ranking System MeritocracyMasculine HybridDirect Non-Confrontational
  5. 5. General Practices and Ethics• Confucianism : respect for seniority & high regard for family and relationships• Patience in building long-term relationships• Gift giving as a regular practice• Body language: good posture and controlled gestures• Well-prepared capable teams• Disguised “no” and vagueness• Smart dressing o Males: dark suits, shirt and ties o Females: smart suits or dresses
  6. 6. Manager and Team• Natural team players• Team leader respect by achievement, age, experience• Paternalistic or Hierarchical leadership• Process of consensus
  7. 7. Discrimination• Gender• Age• Discrimination redress system -Non-regular employees compared with regular employees
  8. 8. Working Hour Policy• 5 day work schedule- Monday to Friday.• 8 hours per day work requirement.• No flexi timings and work from home option
  9. 9. Leave Policy• Leave policy according to industry standard. - 15 days a year - additional sick and earned leaves• Maternal and Paternal leave policy - 90 days of paid leave - basic pay compensation for leave
  10. 10. Compensation & Benefits• Korean wages are twice as 160,000 as Philippines 140,000 120,000• Annual Base Salary + All 100,000 fixed allowances + Variable Korean standard 80,000 Bonus, Sales Incentive, Chemrez 60,000 Compensation Profit Sharing and Other Bonus (if any) 40,000 20,000• Pay 75%tile median 0 industry standard salary to Supervisory Managerial Executive attract best talent.
  11. 11. Pay Policy & Appraisal• Merit increment and performance bonus programmes - Civil Service Regulation for Pay / Allowances ‘99• Performance Based Pay (PRP) – weighted component structure - Management by Objectives (MBO) - Performance appraisal system - 360 degree feedback
  12. 12. Recruitment• Global culture Fast-changing Korean chaebol recruitment trend• Recruitment channels• Local workforce or Foreign workers, OFWs.
  13. 13. Training & Development• Training programs - seminars by industry experts -training sessions by academes• Learning Development- on-the-job- Targeted Development
  14. 14. End of Services Policies• Factors impacting a foreign employer -Stringent Labor Laws that impose high penalty -Low threshold for Employee Unionization -Exigencies not clearly defined by law -Restrictive legal redundancy procedures -Collective bargaining can increase severance costs
  15. 15. End of Services Policies• Notice Period – 30 days or pay in lieu of• Cannot terminate employees who were on leave for - o Medical treatment for Occupational Injury or Disease o Maternity Leave o Child Care Leave (Equal Employment & Support for Work-family Act)• Severance Benefits can become expensive• Redundancy actions involve Ministry of Labor directly o Foreign employers cannot make Korean employees redundant o Supreme Court mandates employers to exhaust other steps before layoff o To dismiss more than 10 employees, report needs to be filed with MoL o 30 days advance notice to employees and the Ministry of Labor with details – reasons for dismissal, method of notice, criteria for selection, etc.
  16. 16. Thank You

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