“The 30 Best Corporations” were selected from a total of 106 candidates (54 in manufacturing sector and 52 in service industry) and POSCO received the sixth place award in the manufacturing sector. KMAC surveyed over 6,900 industry workers and human resources specialists.

POSCO ranked high on the list for various aspects, including “Overall Happiness Level,” “Fair System” and “Excellent Vision.” For Fair System, POSCO was highly recognized for its systematic manpower training and excellent work environment, and for Excellent Vision, POSCO earned recognition for its industry leadership and corporate social responsibility.  POSCO ranked third in “Overall Happiness Level” in the manufacturer sector  for two years in a row, proving that POSCO has secured its position as a great place to work. In the Best Corporation in Each Industry section, POSCO ranked first in the steel industry sector for eight consecutive years since 2008, scoring 73.9.

Fostering Work-Life Balance

POSCO established POSCO Group University, specializing in training, in February this year to foster global manpower and support work-life balance for employees. It operates the POSCO Children Center and introduced a family-friendly work environment, implementing programs such as two-year maternity leave.

Meanwhile, Job Planet also highlighted POSCO as a “Best Company to Work For” in June for the first half of 2015. POSCO was ranked second after the SK Group. POSCO was especially ranked first and second in growth opportunity and work-life balance, respectively. POSCO is being recognized for its efforts to create a happier workplace for employees.

Please congratulate POSCO for being selected as one of the best companies to work for in South Korea! According to 2014 Korea Great Work Place Index (K-GWPI), POSCO ranked 1st in steel industry – for seven consecutive years – and 3rd in manufacturing sector as the ‘Best Company to Work For’. K-GWPI was developed by Korea Management Association Consulting (KMAC) in 2008 and it releases annual reports to encourage corporations to promote ‘happy workplaces’ since KMAC’s annual reports act as an objective measurement for corporate evaluations.

K-GWPI released its 7^th report this year, and over the period of three months since March to June, it surveyed over 6,200 industry workers, 300 Human Resource specialists via both online and offline questionnaires. The aim is to nominate ‘Best 30 Corporations’ regardless of industry and to honor ”The Best Corporation” in each industry.

POSCO Tops in Steel Industry for Seven Consecutive Years

‘The Best Corporation’ survey was based on 220 companies of 47 industries, including 17 from manufacturing, 22 from service and 8 from public sector.  In this assessment, POSCO recorded a score of 78.1, which granted POSCO seven consecutive win as the steel industry’s best company since the initial start of KMAC’s annual reports in 2008.

This result shows that, POSCO has been successfully managing and investing in its employees despite of difficult business environments, locally and abroad. This effort, along with the seven-consecutive-year title as the industry’s leading company, will not only secure happiness amongst workers, but also contribute in achieving future corporate goals.

POSCO Selected in Top 3 in Manufacturing Sector

‘Best 30 Corporations’ were selected from a total of 101 candidates (Manufacturing Sector 50 Corporations · Service Industry 51 Corporations) and POSCO came in third on the list, following Samsung Electronics and Yuhan-Kimberly.

According to KMAC, POSCO ranked high on the list for various aspects, including excellent vision (3^rd), fair system in HR (3^rd), happy corporate culture (5^th), commitment of employees (4^th), and overall happiness level (3^rd).

This year’s reward is especially more meaningful since POSCO has earned recognition for its effort in enhancing working environments and satisfaction of the employees. In comparison with corporate evaluation from last year, POSCO stepped up from 9^th to 5^th and 4^th to 3^rd in ‘happy corporate culture’ and ‘overall happiness level’ category respectively.

POSCO’s Efforts to be ‘The Great Company to Work At’

1. Extended and Flexible Retirement Age 

Reflecting social trends and changes in the world, POSCO extended retirement age from 56 to 58 years old. Furthermore, POSCO has been boosting motivations of employees by adopting a salary peak system and hiring back retired employees.

2. Improvement in In-house Baby Care System 

POSCO made significant improvements in POSCO’s daycare center and other maternity-related policies, including, but not limited to, maternity leave up to 2 years, flexible working hours, and flexible leave of absence to support all employees to seek happiness and balance between work and home.

3. Expanding Opportunities in Employees’ Cultural and Leisure Life 

POSCO offers tickets, opportunities and access to various events, concerts, eco-friendly farming educational center POSCO ECOFARM, and other diverse recreational facilities where both employees and his/her family can interact and spend quality off-work time.

4. Please check out more for what else POSCO is doing for employees! (Please click the titles)

“POSCO, the Great Company to Work at” Episode #1 Training Future Global Leaders at POSCO

‘POSCO, the Great Company to Work at #2’-Building Global Competence: POSCO’s Global Human Resource Development Programs

‘POSCO, the Great Company to Work at #3′: The Health of Employees Represents the Company’s Power, POSCO’s Health Up Program!

 Pictured here: The first production using eco-friendly FINEX method at POSCO’s plant

For the 11^th consecutive year, POSCO has been named one of the ‘Most Respected Companies in Korea’ by the Korean Management Association Consultants (KMAC).  POSCO topped the list in the steel industry category for its 11^th straight year. In addition, POSCO ranked second in the overall ‘All Star Company’ category for 8 straight years. The ‘Most Respected Companies in Korea’ ranking is the only comprehensive survey model in Korea and was developed in 2004 by KMAC to evaluate and publish the value of Korean companies.

Lessons from one of Korea’s most respected companies

The importance of corporate reputation has achieved all-time highs nowadays. POSCO was recognized on this year’s Interbrand’s Best Korean Brands list for its second consecutive year. It must be doing something right.  A great company does not just excel because of its products, but because of its values and other initiatives. Fortune annually publishes its World’s Most Admired Companies list  and 100 Best Companies to Work For list to distinguish the best from the rest. What lessons can be learned from Korea’s leading steelmaker?

POSCO was highly rated for its CSR activities, reliability, values, talent fostering, employee welfare, and eco-friendly management in addition to ethical management. It also gained recognition as Korea`s leading company in fulfilling social responsibilities through internal activities, resulting in increased profitability and decreased production costs, volunteer activities with all employees participating, 1% sharing activities for the socially disadvantaged, and support for multi-cultural families.

Pictured here: POSCO’s women employees participating in Women’s Mentoring Day, held since 2011

 Pictured here: Joint effort between POSCO’s global volunteering program, Beyond, and Habitat for Humanity

Methodology

The ‘All Star Companies’ category includes the 30 most respected Korean companies regardless of industry and is based on a survey of 5,920 industry officers, 230 securities company analysts, and 4,560 general consumers between  October 2^nd, 2013 through January 6^th, 2014. Companies are surveyed based on the following six factors:

1)     Innovation capability

2)     Shareholder value

3)     Employee value

4)     Customer value

5)     Social value

6)     Image value

See below for the 2014 top 10 ‘All Star Companies’ list:

1.     Samsung Electronics

2.     POSCO

3.     Yuhan-Kimberly

4.     Yuhan Corporation

5.     Hyundai Motors

6.     Incheon International Airport

7.     SK Telecom

8.     LG Electronics

9.     Samsung C&T

10.  Samsung Life

POSCO’s goal isn’t limited to being the best in the world in steel industry, but it expands to bringing effective help and source to the global audience. Here we’d like to share with you some of our achievements.

POSCO was chosen as the top global firm for eight years in a row by SAM-Dow Jones Sustainability Indexes (SAM-DJSI). We consider our achievements as the prime motivation for our future further development as the “Global No.1” company. Also, POSCO was chosen as one of the top 30 “Most Admired Firms” in Korea by KMAC, a leading professional consulting firm that provides professional diagnosis evaluations and world class management consulting services. POSCO has received this honor for three years in a row now, ranking 2nd place each time. POSCO considers such awards and titles as our prides and gratitude towards our hard work of our employees located all around the world.

Furthermore, POSCO values environment in our means of production. So maybe you’ve heard of “Triton,” which is an artificial sea reef we’ve created to reserve marine life. To this our pure pursuit of green vision, POSCO was praised as “the best leading company that effectively exercise green growth and operation in Korea,” by Ashok Khosla, who is the president of IUCN. At the 2012 WCC (World Conservation Congress), President Khosla also commented on POSCO’s “Triton” project in preserving and reviving marine life, by saying that, “this project by POSCO is one of the most important environmental protection efforts of Korea.” We were happy that our work could be appreciated internationally by such a scholar and at such large forum.

In all our achievements, research and efforts, POSCO acted firmly upon our vision, pushing for the better and cutting-edge technologies, and also nurturing and training our employees to exercise their potentials to the fullest. Well, maybe this kind of belief paid its price. POSCO received, “Asian MAKE” (Most Admired Knowledge Enterprises) award, at the 13th World Knowledge Forum in Seoul 2012. POSCO has been awarded several times as five years in a row today.

Until now you were introduced to a brief summary of POSCO’s achievements as a global leading firm. Well, now you’ve seen our abilities and awards, so we assume that you’d obviously be interested in how POSCO was able to pull these off, as to make ourselves as one of the top leading and both sustainable firm in the world.

Driving Forces of POSCO’s Success and Future Outlook

POSCO’s potentials and key success points lay at three main factors: developing Environmental Management Program, emphasis on social contribution, and promoting fair and effective partnerships.

Exactly how we try to pursue our agenda on the above three factors, is that first, POSCO is committed to enhancing value by promoting harmony between man and nature. Therefore, it is crucial that POSCO maintains an environmental management system (EMS) that incorporates our environmental visions, policy, organizations and accounting system. Our green goals include concerns for climate change, to increase utilization of greener by products, and strengthening environmental management of human and ecological center.

The second main factor of contribution is POSCO’s efforts on social contribution include Human Resource Development, which promotes academic and future investment of young generations. For example, POSCO Educational Foundation was established in 1995 for regional talent nurturing and education of employees’ children. Furthermore, did you know that the internationally famous POSTECH University is Korea’s first research-oriented institution that was found in 1986 by POSCO? Today, we are glad to know that POSTECH has become the mecca of vaccine developments and many other leading researches in the world and POSCO wishes to further our strong belief in the importance and value of education and nurturing of younger generations.

However, perhaps POSCO’s astounding accomplishments and its impressive international status comes also from partnerships with various programs and groups on different areas. For example, POSCO currently operates various programs such as the Win-Win Guarantee Program, Win-Win Cooperation Special Fund, POSCO Family Network Loan, etc. with a total budget of 730 billion KRW to help solve financial difficulties and support liquidity of mid- and small-sized enterprises. POSCO also operates programs including the Techno Partnership, new product development under conditional purchase to secure global competitiveness in the overall supply chain through improved technological competitiveness of small-and mid-size enterprises. Other actions also include operating various programs that provide financial support to POSCO’s employees and partner companies and family firms.

Today you have seen and perhaps experienced as well, the “Global POSCO,” that is not only limited to the Korean base. POSCO’s status today in the international steel community is indeed very high and our accomplishments exercise a successful influence. Until then or for the future, we hope that you can expect an even greater and improved POSCO as an international leading company in all our aspects.