Shinhan Bank, New Hiring of RS Direct Personnel as Regular Employees

[Asia Economy Reporter Kwon Haeyoung] Shinhan Bank has decided to pursue a plan to newly hire 2,500 retail service (RS) personnel as regular employees within this year.

According to the financial sector on the 18th, Shinhan Bank's labor and management recently agreed on this matter. The RS position was converted from non-regular to regular employment between 2011 and 2013, but its wages and welfare levels are lower compared to regular positions.

However, to be converted to a regular position, certain qualifications must be met. These include working for more than two years, obtaining three types of fund certifications and four types of bancassurance certifications, completing training, passing a job performance evaluation, and an interview. Since this is a new recruitment rather than a blanket conversion to regular positions, previous work experience is not expected to be recognized in terms of wages and welfare.

A Shinhan Bank official stated, "Labor and management agreed on this to enhance RS personnel capabilities and strengthen employee motivation through this opportunity for regular position recruitment."

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