Table of Contents

1. Wage Trends in July 2022 - August 2022 based on the Worknet Recruitment DB

2. Cases of Wage System Reform

Summary

■ In August 2022, the number of new job openings was 281,000, the number of new job searches was 366,000. The average offered wage was 2.17 million won and the average desired wage was 2.21 million won; the overall wage satisfaction rate was 98%.

■ The overall wage satisfaction rate increased by 1.5%p, compared to the same month of the previous year.

■ By employment type, the wage satisfaction rate in ‘non-fixed term employment contract’ was highest at 109.3%, increased by 3.4%p compared to the same month of the previous year.

■ Looking at the share of offered wages by employment type in August, the largest share of demand for jobs was in the range of 2.0-2.5million won both in ‘non-fixed term employment contract' and in 'fixed term employment contract' jobs, which increased by 2.5%p and 6.7%p, respectively.