Narrowed Employment Opportunities in the Banking Sector Amid COVID-19 Situation in the Second Half of the Year

NH Nonghyup Bank, Kookmin Bank, Shinhan Bank, and Others Reduce Hiring Scale for Second Half of the Year Public Recruitment

[Asia Economy Reporter Park Sun-mi] As major domestic banks begin recruiting new employees, the job openings in the banking sector for the second half of the year have become tighter than in previous years.

According to the banking sector on the 3rd, NH Nonghyup Bank, which hired about 280 people in the first half of this year, is currently recruiting 150 new Grade 5 employees for the second half. Although it hired a total of 550 people last year?360 in the first half and 190 in the second half?the scale of recruitment has decreased this year.

This year’s second half recruitment at Nonghyup Bank is being conducted through a blind open recruitment process without restrictions on academic background, age, major, or qualifications. Applications for the Grade 5 new employee recruitment are being accepted through the Nonghyup website from the 28th of last month until the 6th of this month. After document screening, online aptitude tests, written exams, and interviews, the final successful candidates will be announced in December.

KB Kookmin Bank is also proceeding with procedures aiming to hire about 200 people in the second half. In the first half, it hired more than 100 people through occasional recruitment for specialized positions and veterans. However, compared to last year’s recruitment of 107 people in the first half and 497 in the second half, this year’s second half recruitment scale has been reduced to about half.

The recruitment categories for KB Kookmin Bank’s second half hiring are ▲New UB (including professional qualifications) ▲New IT ▲New Digital. The hiring process for new employees consists of document screening, written exams, and interviews. Applications closed on the 5th of this month, the written exam will be held on November 7, and successful candidates will be announced on November 12. Subsequently, the first interview will take place from November 13 to 20, the second interview on December 7, and the final successful candidates will be announced on December 15.

Other banks have also reduced the scale of open recruitment. Woori Bank hired 240 and 350 people respectively in the first and second halves of last year, but this year it reduced recruitment significantly to 40 in the first half and 160 in the second half. Shinhan Bank, which hired 430 people last year, also decreased its recruitment scale to 100 in the first half and 250 in the second half this year.

The decrease in recruitment scale in the banking sector for the second half reflects the difficulty of significantly increasing hiring due to worsening bank profitability. It is also analyzed that, due to the COVID-19 pandemic and digitalization, banks are more frequently hiring on an as-needed basis rather than recruiting large numbers of personnel at once.

This content was produced with the assistance of AI translation services.