“Honestly, I also want to be praised and loved by all of you for doing something like’Haejin hyung shoots’ before leaving the company.”
Naver founder Lee Hae-jin, Global Investment Officer (GIO), drew attention for being honest about employees’ dissatisfaction with performance pay.
On the 12th, GIO Hae-jin expressed his views on the internal backlash against incentives and the news of an annual salary increase that is being announced competitively in the industry through a company-wide e-mail.
In an email sent by the GIO with the subject of’After the Podium’, he said, “Please trust our management and staff,” and said, “If your business gets bigger and better, you will be the final winner in the compensation fight against other companies.” He added, “I hope that you will understand the difficulties of leaders who have to worry about the business direction countless times.” He added, “I think that business and rewards are the essence of the front and back of the coin, which has always been the most contemplated since working for 20 years.” .
In addition, he said, “No good compensation can be achieved without a good business, and a good business cannot be sustained without good compensation.” I even confessed.
In addition, he said, “If you have a good business direction and your business goes well, in the end, good rewards will be consistently achieved.” Honestly, before I left the company (like NCsoft CEO Kim Taek-jin),’Haejin-yi shoots’ to you I want to be praised and loved,” he said.
Personally, it can be interpreted as saying that he wants to give a whole lot of money to its employees even right now, but it requires the consent of shareholders and that he wants to raise the company and provide greater compensation in the long term rather than providing immediate welfare or benefits.
GIO Lee Hae-jin also mentioned the salary increase of successive IT companies such as NCsoft, Nexon, and Netmarble. NCsoft abolished the college graduate start-up system by raising the annual salary of the developer group by 13 million won. Nexon and Netmarble decided to increase the annual salary of their existing employees by 8 million won, and Gameville and Com2uS also decided to raise the average annual salary of their incumbent by 8 million won.
Accordingly, GIO said, “The competition for compensation in the payment industry is a positive part of raising the compensation level of the IT industry manpower, but each company seems to be competing too quickly with each other without a sufficient explanation of the business change or direction.” I am also concerned about the aftereffects,” he said.
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He then said that he was having troubles and work on various benefits besides annual salary, and promised to make efforts to reflect the new compensation procedure as quickly as possible after the shareholders’ meeting scheduled on the 24th of this month. In addition, he added that if the understanding of the social directors can be drawn well, the process can be accelerated.
The reason why GIO Haejin Hae-jin revealed his willingness to reward and reward employees’ incentives through company-wide e-mails is that their dissatisfaction has not subsided even though they communicated with employees about incentives through one round of meetings. The GIO emphasized that employees are receiving reasonable compensation by saying that they are implementing a compensation policy that focuses on long-term performance such as stock options (stock options) through an online companion day meeting on the 25th of last month. Nevertheless, the union side expressed dissatisfaction, saying that there was no specific answer, such as the number of incentive payments and improvement proposals that were initially requested.