70% of Venture Company Employees Willing to Work Beyond 52 Hours per Week

30th Anniversary Employee Perception Survey by Korea Venture Business Association
High Satisfaction with Autonomous and Flexible Organizational Culture
80% of R&D Employees Willing to Work Overtime

Seven out of ten employees at venture companies indicated that they would be willing to work beyond the 52-hour workweek if sufficient compensation were provided. This tendency was particularly pronounced among those in strategy and planning, as well as research and development (R&D) roles.

The Korea Venture Business Association announced the results of the "Venture Company Employee Perception Survey" on the 21st, marking the 30th anniversary of the association's founding. The survey was conducted in August and targeted 2,141 employees working at certified venture companies.

According to the results, 70.4% of all respondents answered that they would be willing to work more than 52 hours a week if sufficient compensation was provided. By job category, the positive response rate was highest in 'strategy and planning' (81.2%) and 'R&D' (80.0%), while the 'finance and accounting' category had a relatively lower rate at 62.4%.

Results of the "Venture Company Employee Perception Survey" announced by the Korea Venture Business Association on the 21st. Korea Venture Business Association

When asked about the image of venture companies, the most common response was "growth driven by innovative technology" (47.8%). This was followed by "creativity" (40.4%) and "rapid change and growth" (35.8%).

Compared to large and mid-sized companies, the greatest strength of venture companies was cited as "a flexible and swift decision-making structure" (40.6%), followed by "a horizontal and flexible organizational culture" (23.6%) and "flexible working hours and work-life balance" (15.1%). On the other hand, the main weaknesses pointed out were "insufficient financial compensation and welfare systems" (30.8%) and "an unstructured organizational management style" (28.4%).

Regarding satisfaction with organizational culture, 61.2% responded that they were satisfied, while only 9.8% said they were dissatisfied. The main factors for satisfaction were "an autonomous work environment" (34.3%) and "an open communication environment" (29.1%). As for dissatisfaction, "inefficient collaboration and information-sharing systems" (30.7%) and "a non-transparent performance recognition system" (30.1%) were cited as key reasons.

Regarding the working environment, 62.6% said they were satisfied. The most common reason for satisfaction was "appropriate working hours and excellent work-life balance" (37.6%), while the leading reason for dissatisfaction was "low salary levels and an unbalanced compensation system" (33.5%).

Lee Jungmin, Secretary General of the Korea Venture Business Association, stated, "Venture companies have high employee satisfaction thanks to their flexible and autonomous culture, but institutional support is necessary to improve compensation and systems for further growth. In particular, many respondents said they would be willing to work beyond the 52-hour workweek if sufficient compensation were provided. For venture companies that consider autonomy and flexibility their core competitiveness, a more flexible application of working hour regulations is needed."

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