Based on Robert Walter’s Talent Shortage Report, 76 % of Korean’s employers face difficulties in filling vacant positions. Candidates lacking the right hard skills (e.g. technical knowledge, English language) is the main reason, followed by lack of candidates as such and too high salary expectations.
One third of the companies have increased salaries to deal with candidate shortage, mainly on the middle management level and specialist sector. Two thirds of professionals find new positions and challenges appealing, roughly fifty percent are focusing on job security.
When it comes to executive level, the offered salaries have been going up only slightly in the recent past. Foreign companies have succeeded in boosting their attractivity level compared to local companies. For entrepreneur-like executives a challenge values higher than job security.
In general, foreign employers have increased their hiring competitiveness by offering jobs with more favorable work-life-balance. That is particularly valid for supportive job positions in admin but also sales and finance.
Nevertheless, it remains a challenge to find a selection process to pick the right people or at least to reduce the probability to go for the wrong ones.
SERVICE FOCUS POINTS
Middle Management Roles
We have a pool of management professionals with extensive experience in Korea and can offer you support in the areas of: Interim Coverage of Open Management Positions, Crisis/Change/Turnaround Management, Project Management (Analysis, Market Studies, HR Assignments).
Local deployment of our interim management professionals last typically 3 to 15 months.
MARKET ENTRY & EXPANSION
COACHING & TRAINING
WE SPEAK YOUR LANGUAGE
G&S KOREA Inc.
22F, Seoul City Tower
110 Huam-ro, Jung-gu
T: +82 (0)10 3837 2448
F: +82 (0)2 6399 7703