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 assessment much impor
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
2.2.3 Promoting system
The promoting system of Senior Employment Project for the aged consists of division of roles by different levels of government, such as 'Ministry of Health and Welfare', local government, 'Korea Labor Force Development Institute for the aged(한국노인인력개발원)‘, and each performing institutions. Major policies are managed by 'Ministry of Health and Welfare' a
system of government that has attempted to combine overall economic development with political and economic policies that promote equitable participation of all races.
Under Mahathir bin Mohamad there was a period of rapid economic growth and urbanization beginning in the 1980s. This period saw a shift from an agriculture-based economy to one based on manufacturing and industry. The physical l
promotion system offering diverse opportunity.
: Nordstrom has an inside promotion system. It offers opportunities for advancement within the company. Nordstrom didn't recruit new person, although the store opened at the new place. They cover all staff that transferred from other state. There is no company giving opportunities to their employees than Nordstrom. Now, Nordstrom's inside promotion