Naver also noise incentives… Some oppose “We set’previous year level’ for the highest performance ever”

[오늘경제 = 한송희 기자]

Amid the’Performance Pay Debate’ heating up the industry, labor and management conflict over the standards for paying employee incentives in Naver, which recorded the highest performance in history due to the spread of a non-face-to-face culture last year due to the aftermath of a novel coronavirus infection (Corona 19).

According to the IT industry on the 17th, the Naver union (Naver Branch of the Chemical Fiber Food Union of the Democratic Trade Union) sent an e-mail to all executives and employees on the 6th, stating that “transparently disclose the performance pay calculation criteria”.

The e-mail contained the content of the intent of “Naver achieved a record high performance last year in a non-face-to-face wind, but the incentives paid were less than that”.

It is reported that the labor union in particular requested an improvement on the’non-disclosure’ standard for paying incentives.

Naver posted a consolidated sales of 5,304.1 billion won and an operating profit of 1,215.3 billion won last year. This is an all-time high, up 21.8% and 5.2%, respectively, from 2019.

In response to the union’s claim, the management is known to have explained that the criteria for paying incentives are’similar to the previous year’.

In addition, the management has already explained the rate of increase in incentives by grade, and is in a position to hold an additional briefing session on the 25th. This briefing will be broadcast live to all employees, and a representative will openly answer questions from employees through Q&A.

In this regard, the conflict between the two sides is at risk as the management sends an official letter to the union’s sending e-mails to all employees, saying that it is’use of e-mail that is irrelevant to the work’.

A union official said, “It is part of the legitimate union activities guaranteed by the Constitution, and it is very regrettable that the management only observes the employment rules unilaterally set.”

Prior to this, according to the Financial Supervisory Service’s electronic disclosure system, Naver paid 8,820 treasury stocks as bonuses to 90 employees. Based on the closing price on the 28th of last month, it is worth about 3,131 billion won.

The person who received the most treasury shares was CEO Han Sung-sook. One representative received 1000 shares. In terms of the amount, it is about 355 million won. Inhyuk Choi, Chief Operating Officer (COO), Seonju Chae, Chief Communication Officer (CCO), and Chief Financial Officer Park Sang-jin (CFO), each received 700 shares (approximately 248.5 million won). It is known that the’cash incentives’ paid every year were paid separately.

On the other hand, prior to this, SK Hynix and SK Telecom were greeted by employees because their performance was good when they saw’Untact benefits’ last year, but their incentives were lower than expected.

In particular, SK Hynix, which had set an incentive pay of about 20% of its annual salary, started to evolve with SK Group Chairman Choi Tae-won to return the annual salary, but the post-storm still remained.

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