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Best practices and performance-based HR system in Korea

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  • Best practices and performance-based HR system in Korea
  • Lee, EunSuk; Kim, Seongsu
  • Seoul National University(College of Business Administration)


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Title Best practices and performance-based HR system in Korea
Similar Titles
Material Type Articles
Author(English)

Lee, EunSuk; Kim, Seongsu

Publisher

[Seoul]:Seoul National University(College of Business Administration)

Date 2006
Journal Title; Vol./Issue Seoul Journal of Business:vol. 12(no. 1)
Pages 16
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Industry and Technology < Entrepreneurship
Holding Seoul National University

Abstract

The purpose of this paper is to review major changes in the HR system in Korea and to suggest five propositions that need to be studied for better understanding of the configuration of performance-based HR system in Korea. The HR system in Korea went through great transformations after the financial crisis in the late 1990s. The performance-based HR system, which many Korean companies currently claim to have, is thought to have originated from the notion of so-called ‘best practices’ of leading U.S. companies. In the framework of best practices, there is one universal HR practice set that can be applied to any situations. Although Korea maintained much of its unique organizational culture and HR practices, Korea also modified its HR system after the ‘best practices’ to a great extent. (The rest omitted)