[Asia Economy Reporter Jo In-kyung] Emart will use dividend income from investment returns as a source for performance bonuses starting this year. The scale of performance bonuses is expected to increase compared to when they were paid based on operating profit.
According to the distribution industry on the 22nd, Emart recently announced internally that "dividend income from group companies' investments will be utilized as a resource for employee performance bonuses."
Until now, Emart has paid performance bonuses twice a year, in January and July, based on individual employee performance. Previously, the bonuses were based on operating profit, but from this year, a portion of the dividend income earned by the company will also be included as a source for performance bonuses.
In the announcement, Emart explained, "It was a meaningful year in which we strengthened core competitiveness through the successful acquisition of eBay Korea and established a complete online-offline commerce ecosystem," adding, "We decided to further expand the criteria for performance bonus resources under the judgment that employees should also be rewarded for the overall company performance."
Accordingly, Emart applied the expanded resources to the performance bonuses for the second half of last year and paid them on the morning of the 21st. Although performance bonuses vary depending on rank and performance, they are generally known to be around 10-20% of annual salary, and with this resource expansion, individual performance bonuses are estimated to increase by an additional 5-20%.
An Emart official explained, "We expanded the performance bonus resources as a way to share the achievements of employees and the company."
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