KT’s second union, KT New Union, issued a statement on the 19th, saying, “The current incentive pay system is a structure in which the same incentive pay is placed every year, and the incentives are divided by organization, regardless of operating profit.” “You have to change it to a way that works with it.”
KT’s new union said, “It is the demand of young employees to reasonably measure the performance of the company and distribute it fairly,” and pointed out that “KT actually only changed its name from regular bonuses when it was a public corporation.”
He criticized, “In the state that the performance measurement principle is old and unclear, the performance distribution system is a relative evaluation, so internal competition and line-up culture are weighing down the company instead of enterprise-wide performance management.”
The KT new union was concerned that the current incentive system could directly lead to the outflow of talent. KT’s new union argued that “employees who are desperate about the poor corporate culture of show-style by executives devoted to internal competition without proper compensation and management for excellent talents are leaving the company when they have the opportunity.”
At the same time, among the employees, he complained that there was a sense of crisis that the company might collapse due to the loss of all manpower to competitors.
KT’s new labor union said, “If KT is to transform into a platform company and become competitive, this irrational incentive system needs to be changed.” There is only one,” he said.
In KT, there are the KT Labor Union, which is the first union, and the KT New Union, which is the second union. It is known that there are about 18,000 members of the 1st union and less than 100 members of the 2nd union.