POSCO Implements Biweekly Four-Day Workweek System
Maintaining a 40-Hour Workweek
Ensuring Sufficient Rest and Time for Self-Development
Expecting Improved Work Engagement and Creativity
POSCO announced that it will implement a 'biweekly 4-day workweek selective working hours system.'
The implementation date is January 22, 2024, and the first biweekly Friday off will be on February 2.
In 2018, POSCO introduced the 'selective working hours system' to allow on-site employees to determine the most efficient working hours for themselves. Since the system's implementation, employees have been able to set a unit period within one month and autonomously decide their commuting hours within an average of 40 hours per week.
The newly established 'biweekly 4-day workweek selective working hours system' maintains the overall framework of the existing 'selective working hours system' but removes the mandatory 4 hours of work on biweekly Fridays, thereby expanding employees' options for working hours.
POSCO has continuously strived to enhance 'work-life balance' and create a happy workplace for its employees through improvements in work systems. Furthermore, it aims to meet the younger generation's needs for flexible working arrangements to build a 'workplace where people want to work.'
Approximately 10,000 on-site employees can choose between the newly introduced biweekly 4-day workweek system or the existing work arrangements according to their preference.
Employees using the 'biweekly 4-day workweek' maintain an average of 40 working hours over two weeks, working '5 days a week' in the first week and '4 days a week' in the following week.
From Monday to Thursday, the basic working hours are 9 hours per day, and on biweekly Fridays, 8 hours, with adjustments possible according to individual needs.
On-site employees can take consecutive days off from Thursday evening to Sunday once every two weeks or engage in various activities to improve their capabilities.
POSCO expects that employees will use the biweekly long weekends to refresh themselves and engage in various self-development activities, which will enhance work concentration, creativity, and productivity.
Additionally, through the implementation of this biweekly 4-day workweek system, POSCO plans to establish a work style centered on 'autonomy and responsibility' and innovate organizational culture to create a happy workplace for employees.
Moreover, POSCO has activated a remote work system utilizing hub offices to enable organizational members to focus on work and demonstrate creativity under flexible working conditions, and employees are also free to choose their attire.
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Asia Economy Honam Reporting Headquarters, Reporter Heo Seon-sik hss79@asiae.co.kr
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