[Exclusive] "Average salary of 1.1 billion" LG Electronics, MZ employee retirement rate under 29 years old '30%' - South Korea News
LG Electronics, last year's 29.9%of MZ employees under 29.9%last year, 3492 employees under the age of 29 last year.>
[Seoul = Newsis] Choi Jin -seok Reporter = LG flag is flying in the LG Twin Tower in Yeouido, Seoul.2023.07.27.Myjs@newsis.com [Seoul = News] Dong Hyo -jeong Reporter = LG Electronics' retirement rate of 'MZ generation (millennial+Z generation)' under 29 years of age last year was 29.9%, the highest among the four largest groups in Korea.Three out of 10 MZ generation employees left the company, reaching 3492 employees last year.If this trend persists, LG Electronics employees will be diagnosed in the future that 40s and 50s will never take up.According to the LG Electronics' sustainable management report on the 31st, the number of voluntary retirees last year was 3492 last year, out of 1,1676 full -time employees under the age of 29.This is much higher than that of LG Electronics' voluntary retirement rate (7.8%) of employees under 30 to 49 years old and spontaneous retirement rate (2.6%) of employees aged 50 or older.Voluntary retirement rates are not visible reasons such as discipline, dismissal, restructuring, and retirement, but the percentage of employees who voluntarily left the company according to their will.LG Electronics 'young employees' retirement rates are higher than other large companies.In the case of SK Hynix, the total voluntary retirement rate last year was 2.1%, of which the voluntary retirement rate of employees under 30 was about 3.1%.Hyundai employees also had a voluntary retirement rate of only 0.94%.As a result, LG Electronics is picking more young employees than the number of employees leaving.LG Electronics selected 7869 new employees under the age of 29 in 2020.Last year, the number of new employees under the age of 29 was hired by 12,563.'Wage, working conditions, and performance benefits' complaints called' voluntary retirement ', so the report did not specify the reason for retirement, but the retirement rate of LG Electronics' young employees is such a high level of wage, working conditions, and incentives.The influence seems to have been a big role.In short, the average annual salary of LG Electronics is 112 million won, which is lower than Samsung Electronics (135 million won) and SK Hynix (133 million won).In addition, other salary conditions such as incentives and performance salaries are also considered to be the factors that encouraged the retirement rate of young employees of LG Electronics.Chung Hyun -kyung, a manager, said, “The MZ generation is so strong that it will control his life as he wants."There are also observations that LG Electronics employees can be more serious in the future.An official of LG Electronics said, "The employees of young employees often fly away and will not open it well now."Another LG Electronics official said, "For departments related to product planning, sales, and product development, it is difficult to see young employees for less than 3 years."It said.In fact, LG Electronics' voluntary retirement of employees under 29 years has soared since 2021.In 2020, voluntary retirement rates under 29 years old were 13.3%, up only 1294, but rose vertically to 2547 in 2021 and 3492 in 2022.'Watermelon Squadron', etc.There is also a voice that the retirement rate of young employees of LG Electronics is increasing, and the management should be fundamentally made by the management.Experts believe that the low retirement rate is not good, but the high voluntary retirement rate of young employees can be a stumbling block to the mid- to long -term growth of the company.The oil line company analysis said, "If the retirement rate is low in the organization,There is concern about side effects that are easy to be, but healthy organizations have an average retirement rate of around 10-15%, ”he said.In some cases, there are also analysis that the younger generation should improve the stiffness of the organization, which is silent.
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