Lululab Achieves SS Grade in 'Work Innovation Incentive System'

Lululab announced on the 24th that it was selected as an "Excellent Company for Work Innovation 2022" at the "Work-Life Balance Conference" held on the 23rd. Lee Jeong-sik, Minister of Employment and Labor (left), and Choi Yong-jun, CEO of Lululab, are taking a commemorative photo. (Photo by Lululab)

[Asia Economy Reporter Chunhee Lee] AI beauty and healthcare company Lululab has received the highest SS grade in the Ministry of Employment and Labor’s ‘Work Innovation Incentive Program’ evaluation.

On the 23rd, Lululab announced that it received the Work Innovation Incentive Program Excellence Award at the ‘2022 Work-Life Balance Conference’ hosted by the Ministry of Employment and Labor, held at the Textile Center in Daechi-dong, Gangnam-gu, Seoul, in recognition of its efforts to promote work innovation and help workers achieve a balance between work and life. The Work Innovation Incentive Program is hosted by the Ministry of Employment and Labor and operated by the Korea Labor Foundation. Companies practicing work innovation are evaluated and graded (SS, S, A), and incentives are provided differentially based on the grade. Having earned the highest SS grade, Lululab will receive benefits such as exemption from regular labor inspections for three years, support for work innovation infrastructure, additional points in government corporate certification programs, and preferential treatment in government awards and support projects.

Lululab is also focusing on enhancing work engagement by creating a work environment with high job satisfaction. All employees actively utilize the flexible working hours system, which allows them to choose their commuting times autonomously, and when commuting is difficult, they can perform their duties through remote work.

They also hold regular company-wide town hall meetings called ‘Empathy Conferences.’ These serve as a platform for free communication between leaders and employees to foster a horizontal organizational culture. Through these meetings, they encourage reducing overtime and freely using annual leave. Various ideas are exchanged to minimize unnecessary work processes.

Additionally, Lululab holds company-wide workshops twice a year to share the company’s vision and listen to employees’ opinions. All participants are granted substitute holidays. Furthermore, they have established various welfare cultures to improve workers’ quality of life, including one shortened workday per month called Lulul Day, birthday leave, three-day refresh leave, year-end leave, support for self-development, mobile meal vouchers, and performance bonuses in addition to annual salary.

Choi Yongjun, CEO of Lululab, said, “I believe employee job satisfaction is directly linked to corporate growth. We will continue to develop various welfare systems to create a company where work and life harmoniously balance and where it is good to work.”

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