compensation system still guarantee incentives base on the workers’ own productivity rather than traditional wage policies based on seniority adapted in other industries in Korea. Promotion is also based more on the workers’ ability rather than seniority. Meritocracy is one of the distinct HR policies in financial industry.
This compensation policy makes ‘procedural justice’ in assessme
2. Concept of Training
Training typically focuses on providing employee with specific skills or helping them correct deficiencies in their performance. For example, new equipment may require workers to learn new ways of doing the job or a worker may have a deficient understanding of a work process. In both cases, training can be used to correct the skill deficit.
In training, the focus is s
HR systems and practices of PwC Samil
Founded in 1971, Samil has become number one accounting firm in Korea in terms of the sales, market share and the number of employees (*see the exhibit 1). As being the undisputed leader in the accounting industry, analyzing the HR systems of Samil will give us deep understandings of how accounting firms manage their employees.
PriceWaterhouseCoop
asset classes
- Intangible asset ↑ by \47,937million
- Investment property ↑by \107,331 million
6. Other payable(employee compensation) has increased significantly
- recognize the employees paid vacations and future bonus
First half of 2009, Operating performance enhanced
- Sales up by 8.86% Operating Income up by 7.21% yoy
- Due to the changes in revenue recognition
[Google]
Power of decision to most members
CEO
Small size of project members
Minimizing the management process
Horizontal organization
[Microsoft]
Bill Gates centered decision making
Overlap of team tasks
Increasing size of teams
Long middle management process
Down order system