Wadiz Abolishes Comprehensive Wage System and Plans to Hire 100 Developers Within the Year

Stock Options Granted to Employees Hired in First Half of Year... Challenge for KOSDAQ Listing in 2022

[Asia Economy Reporter Kim Cheolhyun] Wadiz (CEO Shin Hyesung) announced on the 3rd that it has abolished the comprehensive wage system starting this month. Wadiz has abolished the comprehensive wage system and introduced a 40-hour workweek, aiming to change the way work is done. The intention is to improve the working environment to streamline members' working methods, reduce actual working hours, and provide an environment where individuals can grow.

Until now, Wadiz has implemented a fully flexible attendance system, but after abolishing the comprehensive wage system, it introduced a flexible working system where employees can choose their start time between 8 a.m. and 11 a.m. To support this, in addition to the existing shuttle bus for commuting to work, a shuttle bus for returning home has also been established to ensure employees' safe commute.

Additionally, in October last year, Wadiz granted stock options worth at least 10 million KRW to all employees. This was done in the context of preparing for listing and sharing the company's growth and corresponding rewards with employees. In particular, Wadiz plans to grant stock options equally to employees who join by the first half of this year. Wadiz is aiming for a KOSDAQ listing in 2022.

Moreover, Wadiz plans to hire about 100 developers within this year. Recruitment will be conducted in various fields such as AI, frontend, backend, app development, and data analysis. Through this, Wadiz plans to strengthen its position as a fintech company covering both financial and non-financial sectors, as well as an IT company based on data and technology.

CEO Shin Hyesung said, "The abolition of the comprehensive wage system is not simply for reducing working hours or improving work efficiency, but a proactive decision based on Wadiz's corporate philosophy and principles that value teamwork and individual growth," adding, "We will continue efforts to create a sustainable company where individual growth leads to corporate growth."

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