CEO Score Survey… Child generation is promoted faster than parent generation
The owner family of a large domestic company was promoted to an executive five years before joining the company.
After joining the company, it took an average of 14.1 years to become the president.
On the 13th, CEO Score (CEO Park Joo-geun) of the Fair Trade Commission surveyed 43 groups in which the parents and children of the owner family participated in management among 64 large corporate groups designated by the Fair Trade Commission. As a result, the owner family was promoted to an executive after joining the company. It took an average of 4.8 years.
The average age of joining the owner family was 29, and the age for promotion to executives was 33.8.
In addition, the average age at which they entered the presidential team was 42.7 years old, and the average period from joining to the presidential team was 14.1 years.
While the average age of executives (including directors) in general workplaces is 52 years old and the average of the presidents is 58.8 years old, the owners’ family members are promoted to executives by 18.2 years and the bosses are promoted by 16.1 years.
Even with the same owner, the generation of children became executives faster than the generation of parents.
Parents at the ages of 1 and 2 of large corporations joined the company at 29.5 years old on average and installed an executive at 34.6 years, while it took 5.1 years, while those with children classified as 3 and 4 years old at 28.6 years of age and executives at 33.1 years old. Was promoted to
After joining the company, it took an average of 14.4 years for the parents to become the president at the age of 43.5 years, and 13.6 years for the children to join the president at 41.3 years.
This trend was more pronounced as the group size was smaller.
Among the survey targets, 21 group owners included in the 30 group took 5.5 years to be promoted to executives, while 22 groups outside the 30 group had 3.4 years, 2.1 years earlier.
The speed of promotion to the president’s group also averaged 12.5 years outside the 30s group, 2.3 years ahead of 14.8 years in the 30s group.
Among the parent-generation owners, SeAH Group Chairman Lee Soon-hyung and Hanwha Group Chairman Kim Seung-yeon joined as executives at the age of 25, and Shinsegae Group Chairman Lee Myung-hee, Hyosung Group Honorary Chairman Cho Seok-rae, and KCC Chairman Chung Mong-jin were executives at the time of joining.
Among the children’s generations, Jung Yoo-kyung, general manager of Shinsegae Department Store, joined the Chosun Hotel as a managing assistant at the age of 24, and Hyundai B&G Steel CEO Jeong Il-sun joined Kia Motors at the age of 29 as a director and starred in her 20s.
/yunhap news
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