Large Corporations and Small Businesses Join Hands to Create 3,000 'Win-Win Jobs'

Jungjingong, One-Stop Support for Jobs for Large, Medium, Small Enterprises and Youth
Recruitment for 'Large and Small Business Win-Win Job Program' Project Team

Large corporations and small and medium-sized enterprises (SMEs) have joined forces to create 3,000 jobs for young people. This was achieved through the Small and Medium Business Corporation's (SBC) ‘Large and SME Win-Win Job Program.’ Operating since 2018, this program utilizes the excellent training infrastructure of large corporations to provide job competency education to young job seekers and supports their employment in partner SMEs. The number of job seekers participating in this program has been steadily increasing, and with high satisfaction levels from both hiring companies and job seekers, it is expected to contribute to creating even more youth jobs this year.

According to the Small and Medium Business Corporation on the 28th, last year, the Large and SME Win-Win Job Program involved 8 project groups, providing job training to 840 young job seekers and supporting employment for 510 of them. Compared to the previous year, when 6 project groups participated with 750 trainees and 389 employed, employment outcomes increased by more than 30%. Since the program's inception in 2018, a total of 21 large and mid-sized enterprise project groups have conducted job training for 5,379 young job seekers over six years, with 2,997 employed at 1,356 partner SMEs, according to SBC.

To participate in this program, large or mid-sized companies must form a project group with partner SMEs that have hiring needs. The project group requires excellent educational programs, a network of partner SMEs, and the capability to connect young job seekers to employment. SBC supports participating project groups with funding for curriculum development, rental fees, materials, and other educational operating costs. Last year, eight project groups were formed, including LG CNS, POSCO, Samsung C&T, Lotte Home Shopping, Hanssem, Hanseong Enterprise, Woongjin ThinkBig, and Hanssem Service. The project group with the highest number of employed participants was Hanssem, which trained 245 home interior designers who found jobs.

Regarding satisfaction, 92.1% of hiring companies reported satisfaction last year, up from 88.6% the previous year. Job seekers also showed increased satisfaction, with 87.8% satisfied, a 5.7 percentage point rise from the previous year. Notably, 86.4% of participating job seekers responded that their job competencies improved through this program. The average hiring period through this program was 2.78 weeks, nearly two weeks shorter than the domestic corporate average hiring period of 4.6 weeks, which likely contributed to higher satisfaction.

SBC is recruiting project groups to participate in the Large and SME Win-Win Job Program until June 30 this year. Notably, this year, ‘consortium project groups’ involving large and mid-sized companies collaborating with regional universities will be included to strengthen the discovery and education support for young job seekers. Additionally, the industries of participating large and mid-sized companies will expand beyond national infrastructure sectors such as construction and steel to include aviation logistics and semiconductors. Jo Han-gyo, Director of Human Resources Development at SBC, stated, “Through the Large and SME Win-Win Job Program, we will contribute to the mutual growth of large and small businesses and help resolve the hiring difficulties of SMEs by supporting youth employment.”