Conglomerates start recruitment

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Conglomerates start recruitment

Korea’s biggest conglomerates are launching their fall recruitment drives, and Hyundai Motor, GS and KT have already started taking applications from hopefuls.

September is expected to be the busiest month for applications. Among affiliates of the top 10 local conglomerates, 74 percent started receiving applications from new hires in September last year, according to the jobs portal Incruit.

Pushed by a strong government drive to create new jobs, major companies are expected to expand their new hires this year. Job Korea, another job portal, said the country’s top 500 companies planned on hiring 26,345 employees in the year’s second half, a 15.5 percent increase from last year.

Some companies already announced their plans and timelines for the year’s second recruitment season. Hyundai Motor started taking applications from college graduates and experienced workers on Thursday.

LG Chem, GS Group and KT started on Tuesday. Applications for jobs at SK Group will start on Monday while CJ Group is scheduled for Wednesday. Those who pass the first application round will take tests scheduled for the first two weeks of October.

Samsung Electronics, Posco and Hanwha Group didn’t yet release a concrete timeline for their fall recruitment, but they are expected to start early next month, according to last year’s schedule.

Samsung, a dream job for many college graduates, starting receiving applications between Sept. 6 and 15 last year, and this year is likely to be similar. According to local media outlets, five of Samsung’s main affiliates, including Electronics and SDI, may start taking applications on Sept. 5.

It remains to be seen whether the electronics giant will expand recruitment this year after announcing a massive investment plan earlier this month in which it said it would hire 40,000 new workers over the next three years.

On Incruit, there is a wider gap in fall recruitment plans between conglomerates and smaller companies this year than last year. Incruit’s research on more than 2,000 companies showed that they were to create 44,648 jobs in the year’s second half, among which 93.8 percent belonged to conglomerate subsidiaries. This was a 5.7 percent increase from the same period last year. The planned recruit volume of mid-sized and small-sized companies, on the other hand, fell 65.2 percent and 54.8 percent, respectively, over 2017.

“Smaller companies have been immediately hit with economic problems and are grappling with issues like the minimum wage hike and shorter work hours this year - they all seemed to have been affected and are shrinking hiring,” said Incruit in a statement.

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