SK Inno Recognized as a 'Job Creation Company'... Awarded the 2021 Presidential Citation

Awarded Top Honor as a Private Company
Recognized for Large-Scale Investment, Hiring, and Job Improvement
Efforts to Enhance Job Quality Including Flexible Work Systems

[Asia Economy Reporter Hwang Yoon-joo] SK Innovation received the government's highest commendation this year in recognition of its contribution to job creation. The company plans to continue hiring by transitioning to an eco-friendly business structure aimed at achieving its 'Carbon to Green' strategy.

SK Innovation announced on the 24th that it was awarded the Presidential Citation in the government's job creation merit awards. The company explained that this recognition was due to its large-scale investment and recruitment related to eco-friendly energy businesses.

Since its inception in 2009, the government job creation merit awards target individuals and organizations that increase the quantity and improve the quality of jobs by exemplary practices such as creating good jobs, promoting youth employment, reducing working hours, converting to regular positions, and balancing work and life.

SK Innovation created approximately 678 large-scale jobs (based on disclosures) as of the end of September 2021 compared to 2019, in order to shift its portfolio to a 'Green Energy & Materials Co.'

Meanwhile, SK Innovation continues efforts to improve job quality. Since 2018, it has introduced a 'selective work system (flexible working hours)' allowing employees to autonomously adjust commuting times, and minimizes overtime through internal system operations and granting substitute leave. Additionally, last year, the company conducted activities of the voluntary employee council called the 'Work&Life Balance (WLB) Clan,' where members themselves worked on fundamentally improving work time management by optimizing tasks and eliminating inefficiencies. Furthermore, SK Innovation was recognized for its competency-based recruitment and systematic employee development system, receiving the 2021 Best HRD (Human Resource Development) certification.

Moreover, since 2017, SK Innovation has introduced a Consumer Price Index (CPI)-linked wage increase model and has shortened wage negotiation periods to record times each year, reducing exhausting negotiation processes and establishing labor-management relations based on trust and respect.

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