S-Space College of Business Administration/Business School (경영대학/대학원) Dept. of Business Administration (경영학과) Seoul Journal of Business (SJB) Seoul Journal of Business Volume 12, Number 1/2 (2006)
Best Practices and Performance-Based HR System in Korea
- Issue Date
- Seoul Journal of Business, Vol.12 No.1, pp. 3-17
- The purpose of this paper is to review major changes in the HR system
in Korea and to suggest five propositions that need to be studied for
better understanding of the configuration of performance-based HR
system in Korea. The HR system in Korea went through great
transformations after the financial crisis in the late 1990s. The
performance-based HR system, which many Korean companies
currently claim to have, is thought to have originated from the notion of
so-called best practices of leading U.S. companies. In the framework of
best practices, there is one universal HR practice set that can be applied
to any situations. Although Korea maintained much of its unique
organizational culture and HR practices, Korea also modified its HR
system after the best practices to a great extent.
By understanding the similarities and differences between the
performance-based HR system and best practices, we will be able to
better understand the current Korean HR system. In this study we call
for empirical work on the changing configuration of HR system in Korea.
We suggest five propositions that will be crucial in understanding the
similarities and differences between the performance-based HR system and best practices.