economic performance
- management results
- net sales
- capital structure
- employee welfare
- contribution to the national economy and global communities
employee welfare
SAMSUNG Electronics helps support employees in the areas of family health, children’s education, housing, retirement preparation. The Company allocates large sums of employee welfare investment to support their housing, children’s tuition for high-quality educational opportunities, medical treatment, and leisure activities.
employee wage and welfare
The total employee wages and bonuses totaled 2.7 trillion Korean Won in 2003, 3.3trillion Won in 2004, 3.6 Won in 2005. The Company also provided benefits such as family healthcare, children’s education, housing, post-retirement plans, and other life needs to enhance the quality of life for each and every one of our employees.
support for housing
SAMSUNG Electronics offers housing support to suit the lifestyles of employees. Dormitories or rental apartments are provided for singles. The Company flat is also provided for employees who are transferred away from their families.
children’s education
The Company provides tuition for the children of employee from pre-school to college.
support for leisure activities
The Company provides in-house cultural programs and sports and leisure facilities, paying for full or partial expenses when employee pursue cultural and leisure activities.
medical support
Top quality medical treatment, healthcare measures, and medical expenses are provided for employees’ health concerns. The in-house health-screening center carries out a periodic medical examination.
support for retirement
So that retirees can live comfortable lives, the Company facilitates a retirement pension and other solutions.
| classification | budget Allocation in 2005 | details |
|---|---|---|
| healthcare and retirement | 15.8 billion | Periodic health check up, support for medical expenses to prevent illness |
| support for working | 123.1 billion | Operation of commuting shuttle bus, cafeteria, uniform, allowance (overtime, etc) |
| support for living | 12.2 billion | Children’s tuition, dormitories for employees working at regional offices and factories |
| support for culture and leisure activities | 106 billion | Paid half-day work, expenses for summer and winter holidays and special interest group activities, operation of condominiums and resort facilities |
| support for individual properties | 35 billion | Operation of a community fund bank, pension for comfortable post-retirement living |
