Tuesday, July 14, 2009
[IWS] KLI (KOREA): THE NEED for WORK SHARING to ACHIEVE WORK-LIFE BALANCE, & ITS DIRECTION [14 July 2009]
IWS Documented News Service
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
Korea Labor Institute (KLI)
e-Labor News, No. 91, 14 July 2009
Issue Paper
The Need for Work Sharing to Achieve Work-Life Balance, and Its Direction*
by Hoon Kim ** and Soo Kyeong Hwang ***
https://www.kli.re.kr/kli/html_eng/08_mail/webzineboard/view_sub.asp?seq=98&rseq=276
or
http://www.kli.re.kr/kli/html_eng/08_mail/webzineboard/upfile/e_91.pdf
[full-text, 12 pages]
[excerpt]
As the nation braces for the worst job crisis since the 1990s financial crisis, work sharing
has become the highest national priority from early this year, one that requires cooperation from
all major economic players. In the Emergency Economic Meeting held on January 29, 2009, the
government unveiled its work-sharing support programs, and the Labor-Management-Private-
Government Agreement to address the economic crisis, led by the Federation of Korean Trade
Unions and the Korean Employers' Association (hereinafter the 2/23 Agreement), was announced
on February 23, 2009. As the government took the initiative to increase new hiring by
lowering salaries for entry-level university graduates, the Federation of Korean Industries (FKI)
responded in kind, announcing a new policy to increase jobs by reducing salaries for entry-level
university graduates among the top 30 companies. Unlike during the 1990s financial crisis, companies
remain cautious about forced restructuring, as more of them are taking part in work shar-
ing through such methods as wage freezes, partial wage returns, wage cuts, and working-hour
rearrangements.1
x This is a translated version of a paper published in the Monthly Labor Review (KLI, May 2009).
xx Senior Research Fellow, Korea Labor Institute (Email: hoonkh@kli.re.kr)
xxx Research Fellow, Korea Labor Institute (Email: skhwang@kli.re.kr)
Note : The author welcomes any use of this material provided the source is acknowledged. Nothing written here is to be construed as necessarily reflecting the views of the Korea Labor Institute.
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
Korea Labor Institute (KLI)
e-Labor News, No. 91, 14 July 2009
Issue Paper
The Need for Work Sharing to Achieve Work-Life Balance, and Its Direction*
by Hoon Kim ** and Soo Kyeong Hwang ***
https://www.kli.re.kr/kli/html_eng/08_mail/webzineboard/view_sub.asp?seq=98&rseq=276
or
http://www.kli.re.kr/kli/html_eng/08_mail/webzineboard/upfile/e_91.pdf
[full-text, 12 pages]
[excerpt]
As the nation braces for the worst job crisis since the 1990s financial crisis, work sharing
has become the highest national priority from early this year, one that requires cooperation from
all major economic players. In the Emergency Economic Meeting held on January 29, 2009, the
government unveiled its work-sharing support programs, and the Labor-Management-Private-
Government Agreement to address the economic crisis, led by the Federation of Korean Trade
Unions and the Korean Employers' Association (hereinafter the 2/23 Agreement), was announced
on February 23, 2009. As the government took the initiative to increase new hiring by
lowering salaries for entry-level university graduates, the Federation of Korean Industries (FKI)
responded in kind, announcing a new policy to increase jobs by reducing salaries for entry-level
university graduates among the top 30 companies. Unlike during the 1990s financial crisis, companies
remain cautious about forced restructuring, as more of them are taking part in work shar-
ing through such methods as wage freezes, partial wage returns, wage cuts, and working-hour
rearrangements.1
x This is a translated version of a paper published in the Monthly Labor Review (KLI, May 2009).
xx Senior Research Fellow, Korea Labor Institute (Email: hoonkh@kli.re.kr)
xxx Research Fellow, Korea Labor Institute (Email: skhwang@kli.re.kr)
Note : The author welcomes any use of this material provided the source is acknowledged. Nothing written here is to be construed as necessarily reflecting the views of the Korea Labor Institute.
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
# posted by SBasefsky : 6:26 AM
