Human Resources in South Korea Essay Example | Topics and Well Written Essays - 1000 words

Human Resources in reciprocal ohm Korea - Essay Example(Zimmermann and Sparrow, 2008)To start, operate and close a business is well protected by South Koreas regulatory environment. Starting a business takes an average out of 17 days compared to the worlds average of 43 days. Obtaining a license will take less than the worlds average of 19 procedures and 234 days. Closing a business is also easy. (Hesketh and Fleetwood, 2006)The investment climate is increasingly open. The government offers incentives such as cash grants and zero-corporate tax zones has a one-stop-shop for extraneous investments and as signalises an official to facilitate each project. Residents and non-residents may have foreign exchange rate accounts. (Hesketh and Fleetwood, 2006)Trade, fiscal and labour freedoms are relatively weak. Monetary score is breach by government subsidies of several sectors. Non-tariff barriers are very common. The labour market remains rigid despite the governments perspiration to en hance market flexibility in recent years. There are burdensome employment regulations that hinder employment opportunities and productivity growth. The non-salary cost of employing a practiceer is low, but dismissing a redundant employee is costly. The soaring cost of laying off a worker creates a risk aversion for companies that would otherwise hire more people and grow. Regulations related to the number of work hours are not flexible. (Zimmermann and Sparrow, 2008)The... For outsiders language barriers and tight social or business circles make the Korean labour market difficult to enter. Business relationships have traditionally been built upon personal ties and valuable introductions. The South Korea labour laws are mentioned belowForeign workers pursuant to the immigration control act, professional or skilled foreigners tush be employed in Korea after being issued with visas in other particular occupations which include the hospitality and hotel industry (E-7) visa is issued. (Hesketh and Fleetwood, 2006)General procedures the parties concerned sign an employment contract. A related minister makes a recommendation. The minister of Justice issues a visa issuance certificate. (Hesketh and Fleetwood, 2006)Working standards and welfare the labour standards act, which stipulates minimum works standards for workers, covers all employees. However, some provisions (relating to employment contracts, restrictions on dismissal, working hours, leave, etc.) are not applied to work places with four workers or less given stinting conditions and administrative capacity. (Hesketh and Fleetwood, 2006)Restrictions on dismissal employers cannot dismiss employees without justifiable causes. If dismissed without justifiable causes, an employee can apply for redress to a labour relations commission. Employers may be subject to punishment for unjustifiable dismissal. If an employer is to dismiss a worker, he or she should meet strict conditions and procedures. First, the emplo yer should have urgent managerial reasons, make every effort to avoid such dismissals, select those to be dismissed by rational and fair standards and sincerely consult with the trade union or workers representatives in advance. eve when an