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HYUNDAI BNG STEEL

Compensation System

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HYUNDAI BNG Steel implements the performance-based annual salary system which is based on fair evaluation. Annual salaries and incentives are paid at different rates according to personal performance and capabilities as well as its group’s performance. It has the positive effects of motivating and strong loyalty for employees.

Annual salary composition

Base Annual Salary : Livelihood security benefits, Annual reasonable raise of salary level Annual Salary based on performance : Paid at different rates according to personal performance, Annual reasonable raise of salary level Sundry Allowance : Position allowance, Family allowance, License allowance, Company housing allowance Incentives : Annual Performance Sharing Bonus Others : Providing a frequent rewards to employee who contributed to the development of company