First town hall meeting after taking office
Feeling responsible for complaining about performance compensation
Quality intellectual should be humbly accepted
“As the profitability goes up, I think you need to compensate accurately.”
On the 16th, Hyundai Motor Group Chairman Eui-sun Eui-sun held a’non-face-to-face town hall meeting’ for employees and had a heartfelt conversation about performance compensation, quality improvement, and future vision. This is the second town hall meeting between Chairman Chung and the staff since October 2019.
Employees’ greatest interest was’performance compensation’. Chairman Jung promised to improve’employee treatment’, saying, “I was very sorry for the part that I was not receiving respect for my contribution to the company, and I myself felt a lot of responsibility.” He said, “The compensation method and communication method we had previously did not keep up with the eyes of all employees,” he said. “I will encourage the change in performance compensation within this year.”
Chairman Chung referred to the late Honorary Chairman Chung Ju-young, who has passed away this year for 20 years, and said that credit and quality are top priorities. Chairman Chung said, “The most important thing the founder (Chairman Joo-young Chung) kept is credit,” and said, “Quality, which is credit, also emphasized by Honorary Chairman Chung Mong-koo. He also quotes Professor Peter Drucker, saying, “You have to make decisions from the customer’s point of view. Otherwise, the cost is nothing more than a cost (cost) center.”
It also emphasized active response to rumors and misunderstandings related to quality. Chairman Chung said, “Even malicious rumors should be humbly accepted for healthy and correct points.” As a way to improve the quality, “There are many systems already in place and there are a lot of things that are too entangled, but I think that the quality will be improved only by breaking it off and unraveling it.” “I do.”
Chairman Chung confessed that securing liquidity as a group manager was the biggest concern in the midst of the novel coronavirus infection (Corona 19). He said, “There have been places where major countries are locked down and suppliers and dealers are shutting down due to liquidity crisis.”
It also presented a blueprint for a new business. Chairman Chung said, “I think that the phone will disappear and I will always carry robotics with me,” and “I think I will act as a secretary in any form, whether it is a robot or humanoid. said. He said, “Lift all the heavy stuff, and if you’re an elderly person, you’ll take it from the car to the bed and take it with you,” he said. “While the robots are charging themselves, managing schedules, etc., we’ll do other things that are more productive and use a lot of brains.” Chairman Chung added, “We plan to mass-produce UAM for logistics in 2026, and in the case of autonomous driving, we are considering commercialization in 2023.”
/ Reporter Han Dong-hee [email protected]
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