KCCI Publishes 'Wage and HR Research' on Corporate Talent Acquisition Strategies

[Asia Economy Reporter Kiho Sung] The Korea Employers Federation (KEF) announced on the 2nd that it has published the first half issue of its regular publication "Wage & HR Research" under the theme "Talent Acquisition Strategies in an Era of Change."

Professor Chan Lee of Seoul National University’s Department of Industrial Workforce Development introduced effective talent recruitment and development strategies considering the digital industry ecosystem through his presentation on changing topics, and KEF reported that he emphasized the importance of performance management and compensation in retaining key talent.

Professor Lee diagnosed the recent trend shift from traditional open recruitment to on-demand hiring as "closely linked to job-centered recruitment," adding, "The introduction of job-based pay must precede this." He further stressed, "Talent strategies require innovation not only in recruitment and development stages but also across evaluation, compensation, and organizational culture."

Alongside this, Myungjoong Kim, Senior Researcher at Japan’s Nissei Basic Research Institute, analyzed the recent personnel and wage system reform at Toyota Motor Corporation in Japan. Senior Researcher Kim evaluated, "The biggest change was the complete overhaul from the long-maintained seniority-based uniform wage increase system to a differentiated compensation system based on performance," calling it "a bold attempt to solve problems inherent in the Japanese-style personnel management such as mass hiring of new graduates, seniority-based personnel and wage systems, and long-term employment, as well as to improve productivity."

Additionally, this issue features expert research such as Professor Jungmo Koo of Mokwon University’s Department of Business Administration’s "Job-Centered Personnel Management and Performance-Based Talent Acquisition Methods," and Seokhwan Hong, CEO of Hong Seokhwan HR Strategy Consulting’s "Diversification of Recruitment Methods and Selection Tools," as well as case studies on changed talent acquisition and development strategies shared by practitioners from POSCO, Lotte Construction, and LX International.

Hangsang Woo, Director of Economic Research at KEF, said, "We have included various perspectives and cases on effective talent strategies to enhance corporate competitiveness," adding, "We hope this will be of some help to corporate practitioners."

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