{"id":6746,"date":"2023-04-17T10:55:58","date_gmt":"2023-04-17T01:55:58","guid":{"rendered":"http:\/\/www.hyundaicorp.com\/en\/?p=6746"},"modified":"2023-11-16T11:08:15","modified_gmt":"2023-11-16T02:08:15","slug":"hyundai-corporation-reorganized-its-position-classification-system","status":"publish","type":"post","link":"http:\/\/www.hyundaicorp.com\/en\/hyundai-corporation-reorganized-its-position-classification-system\/","title":{"rendered":"Hyundai Corporation Reorganized its Position Classification System"},"content":{"rendered":"


\n– Two Years of Position Restructuring Has Reduced the Number of Positions from Seven to Four.
\n– Chairman Chung Mong-hyuck Stressed, \u201cEmployees Should Be Assessed and Paid Based on Their Capabilities, Rather Than Seniority.\u201d<\/em><\/strong><\/span><\/p>\n

\"\"<\/p>\n

Hyundai Corporation Group Chairman Chung Mong-hyuck<\/strong><\/p>\n

\u201cThe seniority system will have no place in our corporate management system. From now on, our employees will be evaluated and paid depending on their capabilities, efforts, and performances.\u201d<\/p>\n

This is the message that Hyundai Corporation Group Chairman Chung Mong-hyuck delivered as he pushed ahead with his scheme to revamp the position classification system. According to a Hyundai Corporation (HC) official, Chairman Chung highlighted the removal of the seniority system to focus instead on rewarding employees based on capabilities as he initiated reorganizing HC\u2019s position classification system on the 1st of March.<\/p>\n

As a result, HC\u2019s two-year restructuring aimed at establishing a horizontal organizational culture has finally been completed. In March 2021, it curtailed the number of positions from seven (executive director, assistant executive director, general manager, deputy general manager, manager, assistant manager, and staff) to five (executive director, senior manager, principal manager, manager, and staff). Last month, this was further reduced to four (executive director, chief, professional, and staff). <\/p>\n

Chairman Chung mentioned, \u201cThe elimination of the seniority system is the most significant change in the position classification system. I sincerely encourage HC members to contemplate how they can be highly evaluated and rewarded.\u201d<\/p>\n

An HC official said, \u201cThe position restructuring is designed to accelerate a transition into HR management based on capabilities and roles. Significantly reducing the number of positions and titles is expected to facilitate communication and ensure more effective rewarding.\u201d<\/p>\n

Recently, other companies have also jumped on this bandwagon. For instance, Doosan reduced its number of positions drastically from five (general manager\/deputy general manager\/manager\/assistant manager\/employee) to two (chief\/senior). Samsung Electronics has also prohibited the use of job titles, encouraging its members to use English names or initials or to add the Korean ending \u2018nim\u2019 to their Korean first names.<\/p>\n

 <\/p>\n

Hyundai Corporation\u2019s Position Restructuring<\/strong><\/h5>\n\n\n\n\n\n<\/colgroup>\n\n\n\n\n\n\n\n\n\n\n
Period<\/th>\nBefore (~March\/2021)<\/th>\n1st Restructuring (March\/2021~)<\/th>\n2nd Restructuring (March\/2023~)<\/th>\n<\/tr>\n<\/thead>\n
Title<\/td>\nExecutive Director<\/td>\nExecutive Director<\/td>\nExecutive Director<\/td>\n<\/tr>\n
Assistant Executive Director<\/td>\n<\/tr>\n
General Manager<\/td>\nSenior Manager<\/td>\nChief<\/td>\n<\/tr>\n
Deputy General Manager<\/td>\n<\/tr>\n
Manager<\/td>\nPrincipal Manager<\/td>\nProfessional<\/td>\n<\/tr>\n
Assistant Manager<\/td>\nManager<\/td>\n<\/tr>\n
Staff<\/td>\nStaff<\/td>\nStaff<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 
\n <\/p>\n

Maeil Business Newspaper
\nApril 17, 2023
\n<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

This is the message that Hyundai Corporation Group Chairman Chung Mong-hyuck delivered as he pushed ahead with his scheme to revamp the position classification system. According to a Hyundai Corporation (HC) official, Chairman Chung highlighted the removal of the seniority system to focus instead on rewarding employees based on capabilities as he initiated reorganizing HC\u2019s position classification system on the 1st of March.<\/p>\n","protected":false},"author":3,"featured_media":6747,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[8],"tags":[],"class_list":["post-6746","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-h_story"],"acf":[],"_links":{"self":[{"href":"http:\/\/www.hyundaicorp.com\/en\/wp-json\/wp\/v2\/posts\/6746","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.hyundaicorp.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.hyundaicorp.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.hyundaicorp.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"http:\/\/www.hyundaicorp.com\/en\/wp-json\/wp\/v2\/comments?post=6746"}],"version-history":[{"count":1,"href":"http:\/\/www.hyundaicorp.com\/en\/wp-json\/wp\/v2\/posts\/6746\/revisions"}],"predecessor-version":[{"id":6748,"href":"http:\/\/www.hyundaicorp.com\/en\/wp-json\/wp\/v2\/posts\/6746\/revisions\/6748"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.hyundaicorp.com\/en\/wp-json\/wp\/v2\/media\/6747"}],"wp:attachment":[{"href":"http:\/\/www.hyundaicorp.com\/en\/wp-json\/wp\/v2\/media?parent=6746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.hyundaicorp.com\/en\/wp-json\/wp\/v2\/categories?post=6746"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.hyundaicorp.com\/en\/wp-json\/wp\/v2\/tags?post=6746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}