system and broader economy.
In addition to the leverage ratio discussed in the previous section, the Committee is introducing a series of measures to address procyclicality and raise the resilience of the banking sector in good times. These measures have the following key objectives:
•dampen any excess cyclicality of the minimum capital requirement
•promote
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
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
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
2.4. Strategic change into Star Model
There had been fundamental changes in HR strategies which can be described as an alteration from Bureaucracy model to Star model. The changes which cover thorough HR systems of LGE from staffing to promotion system became the foundation of massive growth of LGE from 2004 and afterwards.
One of the biggest changes from Bureaucracy Model to Star Model