Wemakeprice Abolishes Job Titles... Unified as 'Manager'

Abolishing Ranks to Build a Horizontal Organizational Culture with Equal Titles... Maintaining Positions
Executive Ranks Also Abolished... Directors, Senior Managers, Executive Directors, Vice Presidents Unified as 'Leaders'

[Asia Economy Reporter Kim Cheol-hyun] Wemakeprice announced on the 17th that starting from the 1st of next month, it will abolish the existing rank system and unify the titles of members below the department head level to 'Manager.'

Wemakeprice explained that the introduction of the Manager title is a systemic support to allow all members to prove their value solely based on their capabilities and performance, without being constrained by seniority or career length. The aim is to create an environment based on a horizontal organizational culture where employees can focus more on their work.

As a result, the existing seniority-based ranks such as Employee, Assistant Manager, Manager, Deputy General Manager, and Department Head will disappear at Wemakeprice. Executive ranks such as Director, Managing Director, Executive Director, and Vice President will also be abolished and unified under the title 'Leader.'

While some companies maintain separate ranks (levels) for internal management even after abolishing the rank system, Wemakeprice has decided to effectively eliminate all ranks. The concept of promotion will also disappear. However, existing positions such as Team Leader and General Manager will be retained.

Wemakeprice explained that going forward, each member will be granted enhanced autonomy and responsibility to respond agilely to rapidly changing environments. Additionally, as decision-makers and executors of individual projects, work efficiency will improve. It is expected that collaboration between members and various organizations will become more active based on horizontal communication.

A Wemakeprice official said, "We will create an environment where each member can maximize their capabilities and naturally develop a culture where decision-making authority and rewards are based on performance."

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