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Average
monthly wage of a worker retired at the retirement age amounts to 3.2 million won. The average age of the retirement is 57.4.
The Worknet analyzed the statistics of those
who applied for unemployment benefits for the past year (from November 2003 till October 2004). The result shows that the
average monthly wage of a person who worked for a company for over 10 years amounted to 3,198,000 and that the average retirement
age was 57.4.
By gender, average monthly wage of a woman who worked for a company for over 10 years was 1,868,000,
53.5% of that of a man. But considering that the years of work of an average woman, 16.5 years, was 5.7 years less than that
of an average man, average monthly wage of a woman would actually consist of 72% of that of a man if they worked for the same
period.
By education level, the higher the education level went, the more the wage at the retirement became. The average
of a high-school graduate was 3,519,000 won, 67.1% of that of a university graduate, 5,245,000 won. Besides, the higher the
education level went, the longer the person worked for a company.
By company size, the average monthly wage at retirement
of a worker of a small company with less than 100 workers was 2,554,000 won, 67.4% of that of a company with 500 or more workers.
But considering that the average length of service of a small company worker, 18.7 years, was 4.9 years less than that of
a larger company worker, average monthly wage of the former would reach 72% of that of the latter if they worked for the same
period.
By industry, the entertainment, culture, sports related service industry recorded the highest average monthly
wage at retirement, 5,789,000 won, followed by 4,889,000 won of the telecommunications industry, 4,732,000 won of the electricity,
gas, and water supply industry, and 4,687,000 won of the financial and insurance industry. The electricity, gas, water supply
industry reported the longest length of service, 28.2 years, followed by 26.5 years of the telecommunications industry, 24.6
years of whole sale and retail businesses, and 24.6 years of the financial and insurance industry.
By job, professionals
earned the most with 4,971,000 won, followed by senior executives and managers with 4,888,000 won, technicians and quasi-professionals
with 4,281,000 won, and office workers with 4,101,000 won. In terms of length of service, senior executives and managers worked
the longest with 24.9 years, followed by technicians and quasi-professionals with 24.8 years, and professionals with 23.9
years.
Deck crews work the longest and
lecturers at universities work the shortest hours a week
Work-net (www.work.go.kr) conducted a research
on employment structure by industry and job. It found that last year an average employee worked 54 hours and 54 minutes a
week, less by 48 minutes than the figure of 2002, 55 hours and 42 minutes. The reduction in working hours is considered to
reflect the social changes such as introduction of 40-hour workweek, economic recession, and people’s pursuit of well
being which emphasizes the quality of life.
By company size, working hours are decreasing in all companies other than
those with 500 to 900 employees. Substantial reduction of working hours were seen in companies with 300 to 499 employees and
those with less than 30 where employees work relatively longer than workers in other companies.
Introduction of 40-hour
workweek and pursuit of well being seem to have driven the working hour reduction in large companies, whereas in small companies,
working hour reduction has been caused more by economic recession.
By gender, men work 56 hours and 14 minutes, three
hours and nine minutes longer than women who work 53 hours and five minutes. By age, working hours continue to increase from
42 hours and 20 minutes for teenagers, 51 hours and 15 minutes for those in 20s, 54 hours and 37 minutes for those in 30s,
56 hours and 27 minutes for those in 40s, to 57 hours and two minutes for those in 50s, and then decrease when people turn
60. People in 60s or older work 52 hours and 47 minutes. People in 50s were found to work the longest.
By gender and
age, women in 50s work the longest, 57 hours and 40 minutes. The reason seems to be that most of them work in the service
industry as cleaners, assistant cooks or helpers at restaurants, and housekeepers, which generally require long working hours.
Deck crews are found to be the longest working job with 80 hours and 26 minutes (per week), followed by helpers at
accommodations with 79 hours and 25 minutes and chefs and cooks at Japanese restaurants with 73 hours and 37 minutes. Lecturers
at universities work the shortest hours a week with 17 hours and 23 minutes, followed by PR assistants with 26 hours and 34
minutes and conductors, composers, and music performers with 27 hours and four minutes.
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