Samsung Electronics employees earned an average salary of approximately 36 million won in the first quarter, translating to about 12 million won per month. This figure marks a 25% increase compared to the same period last year, reaching an all-time high.
According to an analysis by the Korea CXO Research Institute on Samsung's first-quarter report, total employee compensation is estimated to be between 4.2584 trillion and 4.7907 trillion won.
The ratio of salary to total employee compensation has remained consistent, ranging from 76% to 85.5%. This estimate is based on the total salary expenses of 5.0632 trillion won for the first quarter.
The average number of employees enrolled in the National Pension Service during the first quarter was 125,580, leading to an estimated average salary of between 33.91 million and 38.15 million won.
Monthly salaries are estimated to be between 11.3 million and 12.7 million won.
In comparison, the average salary for Samsung employees in the first quarter of last year was between 27.07 million and 30.46 million won, indicating an increase of over 25% year-on-year. This growth rate is more than double the 11.6% increase from 2023 to 2024.
In addition to the average salary, the total salary expenses also reached a record high. Last year's first-quarter salary expenses were 4.4547 trillion won, while this year they surpassed 5 trillion won for the first time, totaling 5.6032 trillion won.
The Korea CXO Research Institute noted, "The improvement in operating profit in the first quarter has contributed to the highest salary levels for employees. If performance bonuses are included, annual compensation could increase significantly."
* This article has been translated by AI.
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