SMEs in South Korea more likely to hire temporary employees
Over 40% of employees (7.7 million) working for SMEs in South Korea with less than 300 staff are non-regular workers, data by Statistics Korea has revealed.
The portion of temporary workers employed by SMEs had hovered below 40% since the data was first compiled in 2003 but surpassed 40% for the first time last year when it surged to 41.7%, reported Pulse news.
The increase was attributed to the pandemic, when smaller firms cut 127,000 regular jobs while adding 586,000 non-regular jobs. Riding on the recovery from the pandemic, SMEs added 371,000 regular jobs this year, and created 90,000 non-regular jobs.
Non-regular employees at organisations hiring more than 300 employees, on the other hand, accounted for only 15.6% (478,000) of the workforce. In 2019, large companies employed 15.8% of temporary workers, and this fell slightly to 15.7% in 2020.
This, reported Statistics Korea, is creating the largest disparity (25.5%) in the portion of non-regular employees between large organisations and SMEs since data was first complied in 2003.