Kuk Dong Engineering & Construction suitably harmonizes view on people in our cultural background with view on ‘work’ that is objectified and rationalized inn western companies to operate a evaluation and reward system which focuses on global standard.
'Rational evaluation' through procedural fairness and procurement of transparency
- Connection of company’s goals to personal goals and prearrangement of evaluated items
- Not a disciplinary evaluation quibbling over right and wrong, but a promotional evaluation by coaching the process and results
'Fair reward' to secure and preserve excellent talents
- Fair reward by performance and capability of individual and organization
Evaluation system overview
- Achievement evaluation of organization and individual in connection to business strategy
- Competency evaluations for development of organization and individual talents
- Evaluation process operated by open communication
- Enhancement of motivation through application of evaluation results
0. Organization achievement evaluation > Personal achievement evaluation
→
1. Strategy(Business strategy) > (CSF /KPI) Organization achievement goal > Personal achievement goal
⇆
2. Value(Organizational culture / desired talent)
Basic capability
Organization achievement goal
Personal achievement goal
> Personal capability evaluation
> 3. Task performance ⇆ Review > 0
> 4. Salary / promotion / education / transfer / resignation, etc.
> Personal capability evaluation > 2
Evaluation and coaching process overview
The evaluator and the evaluated hold mutual 1 on 1, face to face coaching
- Aimed at rational, transparent, and open evaluation system (maximization of evaluation acceptability)
- Nurturing evaluation that discussesㅍ the future course rather than mistakes in the past
Reward system overview
- Annual salary system for every executive and staff members; performance bonus and sundry allowances provided separately
- self-driven promotion point system in operation
Organization Achievement Evaluation + Personal achievement evaluation ( > General performance fee (variable / accumulative))
+ Personal competency evaluation
= Comprehensive evaluation, Special achievements when goals are achieved, replenishment / Promotion Review
Comprehensive evaluation > Basic salary (fixed accumulation)
Comprehensive evaluation, Special achievements when goals are achieved > Special performance payment (variable / performance)
Comprehensive evaluation, replenishment / Promotion Review > Position replenishment / Promotion