[Sponsored Report] Hanwha introduces new corporate cultureHanwha Group, celebrating its 64th anniversary, has made changes to its organization policy in hopes of cultivating a young and future-oriented corporate culture.
One of the changes is the introduction of Rest Month, which is offered to employees about to get promoted or recognized for their long service to the company.
The purpose of this policy is to provide one month for employees to refresh and think about their upcoming duties and to map out their plans to fulfill their new plans. The policy also hopes to encourage the soon-to-be-promoted employees to set new and challenging goals.
Besides Rest Month, Hanwha Group is also adopting a number of new policies including “Flexible Work Hours,” which enables employees to flexibly adjust their working hours; “Job Market,” which supports employees’ voluntary efforts for career development; “Business Casual,” which encourages employees to wear casual attire if formal dress code is not needed; and “Leaving Work at Regular Time,” a policy to encourage team leaders to leave the office on regular time, so that more work is achieved in time and employees can fully enjoy their own lives outside of work.
Hanwha Group’s introduction of new policies is a stepping stone in becoming a global leader by bringing changes to its organizational culture.
The market status of Hanwha Group has been elevated as it has been enlarging its business fields during recent years by acquiring companies in the solar energy and chemicals industries.
Along with this change, the opinion inside the company was that the corporate culture should also undergo change to advance into a global company.
While developing a new corporate organization culture, Hanwha Group prioritized the opinions of its employees. Beginning last March, Hanwha Group conducted a preference survey of all members of the company and gathered opinions from employees’ workshops to work them into the new policies. The company has benchmarked other policies of leading companies as well.
Instead of the previous “Top-Down” system, the newly implemented policies are a result of a “Bottom-Up” system that reflects the opinions of employees. Therefore, the new changes are expected to be supported and welcomed by Hanwha workers.
The new policies were implemented throughout Hanwha Group on Oct. 9, the anniversary of the company’s founding. The policies are adjusted to suit each affiliate’s business characteristics and situations.
On Oct. 10, Kim Seung-youn, the Chairman of Hanwha Group, emphasized the need to awaken “Young Hanwha” through his speech commemorating the anniversary of the company. “Rejecting red tape, opportunism and complacency in the organization, and living forever as a young company is what Hanwha’s future should be,” Kim said.
More in Guest Reports
Ambassador marks Singapore’s 55th National DayHoliday falls one day after 45th anniversary of relations with Korea
Hyundai E&C’s Daegu complex boasts convenience
[SPONSORED REPORT] Hyundai Mobis strengthens its global R&D network
[SPONSORED REPORT] Posco practices its own motto by giving back
[SPONSORED REPORT] Chong Kun Dang offers solution for parasitic worms