Average salary of new hires at big firms rises 0.7 percent

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Average salary of new hires at big firms rises 0.7 percent

The average annual salary of new college-educated workers at large Korean companies has edged up in 2019 from a year ago, with the gap with those hired by smaller firms remaining wide, a poll showed Friday.

According to the survey by job portal Job Korea, the starting annual salary of college graduates hired by large firms averages 41 million won ($36,300) for this year, up 0.7 percent from the prior year.

Banks and other financial institutions pay the largest starting salary of 47.9 million won, followed by petrochemicals and energy firms with 43.6 million won.

In comparison, the average starting annual salary of college graduates employed by small and medium-sized enterprises comes to 28.7 million won for this year, up 1.8 percent from a year earlier.

The survey was conducted on 129 big businesses and 144 small and medium-sized enterprises. Their starting salary includes base pay, bonuses and incentive payments.


Yonhap

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