【商業熱話】三星推每月額外一日週五有薪假望留住年輕人才 Samsung Introduces Monthly Extra Friday Paid Leave to Retain Young Talent
According to Bloomberg's report, Samsung Electronics, the world's largest memory chip manufacturer and South Korea's largest company, has introduced an additional paid day off every month in order to retain and attract more young talent. Starting next week, their non-production line full-time employees will be able to take a day off on the Friday of the week in which their payday falls (usually the 21st of each month) or the preceding Friday. With this move, Samsung hopes to set a new standard in regions known for excessive working hours and allow everyone to enjoy a balance between work and life.
According to the Korea Herald, the proposal for a monthly day off was initially put forward by the company's management and was accepted by labour organisations. Samsung aims to retain talent, especially young employees who value work-life balance. According to Samsung's 2022 report, millennials and Gen Z employees make up one-fourth of its global workforce. These young employees often prioritise a balance between work and life. In 2021, Korean workers' average working hours were nearly 200 hours higher than the average of member countries of the Organization for Economic Cooperation and Development (OECD). Samsung's new policy not only reflects respect for employee health and rest but also demonstrates support for the concept of work-life balance.
In recent years, Samsung has been committed to transforming its military-style corporate structure into a more flexible startup-style approach. Important changes include eliminating minimum working hour requirements in the office, relaxing dress codes for senior employees (allowing them to dress casually on Fridays without suits and ties), shortening working hours for all pregnant employees, exceeding the requirements of labour laws. The company also has a new "Return to Work Program" aimed at helping working parents smoothly return to their job positions.
Samsung is not the first company to implement flexible work policies. Its competitor SK Hynix recently started offering a day off on one Friday per month for employees working more than 40 hours a week. Companies are placing more emphasis on work-life balance for employees and improving employee welfare and work environments through flexible working hours and vacation policies. This kind of transformation not only helps alleviate work stress and improve employee health but also aids companies in attracting and retaining talent.