ESTsoft (CEO Chung Sang-won), a company specializing in artificial intelligence services, announced on the 29th that it is newly implementing a range of employee reward policies, including a flat KRW 4 million salary rise for all employees.
The reward policy was decided after careful consideration, in order to provide real rewards to everyone who has been part of the company's development and to give momentum for further growth.
ESTsoft's newly announced employee reward policy consists chiefly of ▲a flat salary rise, ▲stock options for all employees, ▲a 100% increase in cash welfare points and ▲equipment for remote work and shared office space.
First, the company is raising salaries by a flat KRW 4 million for all employees regardless of grade or position, and will pay salaries reflecting the rise from next month.
It also plans to grant all employees stock options averaging KRW 10 million, as advance reward for their future contribution to leading the company's growth, by resolution at the regular shareholders' meeting in March 2022.
Welfare points, which can be used like cash in the welfare mall or in everyday life, will also be paid from October at double the previous amount.
Beyond this, with remote work becoming routine amid the spread of COVID-19, a policy supporting work equipment has been prepared so that employees can work efficiently from home.
A company representative said: "ESTsoft has run a company-wide remote work program since February last year, when the spread of COVID-19 began in earnest, leading the way in protecting employees' health and preventing the spread of the virus," adding, "As the pandemic has dragged on, however, the company has come to consider formally adopting remote work as one of its standard working arrangements, and is therefore additionally supporting the purchase of the equipment needed for it."
It also plans to abolish assigned seating on three floors of its Seocho-dong office building by the end of this year and refurbish them as shared offices suited to smart work, so that employees working remotely can use them conveniently when they need to come in.
ESTsoft CEO Chung Sang-won said: "We decided on this reward policy in order to share our results with everyone who has been part of the company's development and growth," adding, "Beginning with this policy, we plan to expand our reward policies so that the company's growth can continue to be shared with employees."
The reward policy, meanwhile, applies equally to all employees of ESTsecurity, ESTsoft's security subsidiary.
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