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Wage Information Brief: 2020 No. 08 (Serial No. 54)
Wage Information Brief: 2020 No. 08 (Serial No. 54)
  • Table of Contents

    Table of Contents

    1. Wage Trends in July-August based on the Worknet Recruitment DB

    2. Cases of Wage System Reform

     

    Summary

    In August 2020, there were 179,000 individuals newly looking for jobs and 343,000 jobs newly open for recruitment at the average offered wage of 20,130,000 won and average desired wage of 21,080,000 won. The overall wage satisfaction rate was 95.5%.

    By employment type, the wage satisfaction rate of ‘non-fixed term employment contract’ was highest at 101.4%, and was lowest at 48.9% in the form of non-fixed term employment contract(part-time)’. The low wage satisfaction rate can be attributed to the low offered wage from corporations.

    Looking at the distribution of the offered wage by employment types in August, both ‘non-fixed term employment contract’ and ‘fixed-term employment contract’ showed a decrease year-on-year in the proportion of labor demand in the salary range of 1.5-2.0 million won, but still took up the largest significant proportion. In both employment types, the labor demand in the salary range of 2.0-2.5 million won showed a significant year-on-year increase.

    - Most employers offer a lower wage for part-time jobs