Kyowon Group Expands 'Employee Referral Hiring' to Attract Top Talent

[Asia Economy Reporter Donghyun Choi] Kyowon Group announced on the 24th that it will actively recruit outstanding talent by expanding its 'Employee Referral Hiring' system.

The employee referral hiring system grants special benefits to employees who successfully recommend candidates for recruitment. Any Kyowon Group employee can recommend suitable candidates for open positions. If the recruitment is successful, both the referrer and the new hire receive a reward of up to 2 million KRW each.

Kyowon Group has been actively implementing the employee referral hiring system since July last year. From the second half of last year to the first half of this year, about 13% of newly hired employees were recruited through employee referrals. Despite the short period, the referral system has been actively progressing due to high interest from employees.

The strength of employee referral hiring lies in the timely recruitment of excellent talent. External recruitment through public announcements and headhunting typically takes about three months from posting to joining. In contrast, employee referral hiring takes an average of 49 days, reducing the period by half. Those hired through employee referrals have shown high work execution capabilities due to their quick adaptation to the organizational culture.

Kyowon Group plans to actively utilize the employee referral hiring system to recruit approximately 50 new employees in the second half of this year. In particular, it will recruit a large number of research and development (R&D) specialists, who are key to the group's growth engines such as edutech and healthcare, through employee recommendations. The company will actively secure verified outstanding talent by leveraging internal human networks and enhance expertise. Furthermore, it plans to focus on generating results for the group's sustainable growth by consolidating employee capabilities.

A Kyowon Group official stated, "It has become more important than ever to secure and nurture professional talent to continuously strengthen the company's future competitiveness. Employee referral hiring allows us to quickly recruit key talent in fields requiring expertise, so we plan to actively use it to expand R&D personnel. We will also diversify recruitment systems to proactively secure outstanding talent from a mid- to long-term perspective."

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