Samsung Electronics paid incentives on the 29th… ‘50% annual salary’ in the smartphone and TV sector

Samsung Electronics paid incentives on the 29th… ‘50% annual salary’ in the smartphone and TV sector

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[이데일리 신중섭 기자] On the 29th, incentives will be paid to all employees. Some business units that have exceeded expectations despite the spread of Corona 19 will receive 50% of their annual salary in cash.

(Photo = Reporter Bang In-kwon, E-Daily)

According to the industry on the 26th, Samsung Electronics announced on the afternoon of this afternoon the excess profit incentives (OPI) of employees by business divisions such as device solution (DS), consumer electronics (CE), and IT/mobile (IM), reflecting last year’s annual performance. OPI is one of Samsung Electronics’ incentives, and when the annual performance of the affiliated business unit exceeds the target set at the beginning of the year, the ratio is set within 20% of the excess profit, and the maximum annual salary is paid up to 50%. The application rate of OPI is reported to be the highest at 50%, the IM division in charge of the smartphone business and the video display (VD) division in charge of premium TV businesses such as QLED. Employees belonging to the two divisions receive half of their individual annual salary as an incentive. In addition, △ Management Support Office 48% △ Global Technology Center (GTC) 48% △ Samsung Research (SR) 47% △ DS Division 47%. In addition, △ 44% in the Gumi Support Division, △ 37% in the CE Division, △ 32% in the Network Division, and 11% in the Medical Device Division.

The incentive payment date is the 31st, the end of January every year, but this year, the weekend is overlapped and the payment is scheduled to be paid in bulk on the morning of the 29th. The total amount paid is around 3 trillion won, and 6~9% of the total operating profit is expected to be paid as bonuses.

Meanwhile, Samsung Electronics recorded’good results’ last year despite the Corona 19 crisis. Samsung Electronics’ sales last year reached 236.2 trillion won, up 2.5% from 2019 (230 trillion won). In particular, operating profit rose 29.5% (8,18 trillion won) to 35.9 trillion won during the same period. Net profit is also estimated to be in the second half of 20 trillion won, a sharp increase from 2019. Net profit in 2019 was 21,738.9 billion won.

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