Table of Contents

1. Wage Trends in September 2022 - October 2022 based on the Worknet Recruitment DB

2. Cases of Wage System Reform

Summary

■ In October 2022, the number of new job openings was 255,000, the number of new job searches was 349,000. The average offered wage was 2.19 million won and the average desired wage was 2.22 million won; the overall wage satisfaction rate was 98.7%.

■ The overall wage satisfaction rate increased by 0.6%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 109.5%, increased by 1.7%p compared to the same month of the previous year.

■ Looking at the share of offered wages by employment type in October, the ‘non-fixed term employment contract' had the largest share of demand at 2.5million won or more, and the 'fixed term employment contract' jobs had the largest share between 2-2.5million won, which increased by 9.0%p and 5.2%p, respectively.