Ministry of Employment and Labor has selected 1,214 Youth-Friendly Small and Medium Enterprises in 2022 to recommend

4.1 more new workers and 6.4 more young people than regular companies 

GAONCHIPS, Brain Cola, and Korea Research were selected as the "2022 Youth-friendly Small and Medium Business" by the Ministry of Employment and Labor.

On the 20th, the Ministry of Employment and Labor selected and announced '2022 Youth-Friendly Strong Enterprise' to reflect the wishes of young people. Eight hundred each were selected in three areas: wage, work-life balance and job security, and a total of 1,214 except for the number of companies selected for redundancy.

The Ministry of Employment and Labor has been selecting youth-friendly small and medium-sized enterprises since 2016 to improve their awareness of small and medium-sized enterprises and encourage them to find jobs in good small and medium-sized enterprises. Youth-friendly areas such as wages, work-life balance and job security shall be reviewed as the criteria. However, the disqualification requirements, such as the occurrence of industrial accidents and companies with credit ratings below B-, exclude the companies concerned and those with social objects.

The newly selected youth-friendly small and medium-sized companies in 2022 were found to be excellent in terms of wages and new employment compared to ordinary companies, indicating that they are highly recommended to young people. For example, the median wage of youth-friendly small and medium-sized companies in 2020 was 3.05 million won and the average wage was 3.23 million won, which was 1.05 million won and 1.06 million won higher than that of ordinary companies, respectively, resulting in higher wage levels (medium wage of 2 million won for ordinary companies and average wage of 2.17 million won).

From January to October this year, the average number of newly hired workers was 16.3 per company, and 69.3 percent of them were young people (11.3 per company on average). Compared to ordinary companies (12.2 for new employment and 4.9 for new youth), 4.1 for new workers and 6.4 for young people were hired, showing relatively high job creation. As of October this year, the percentage of young people working in office was 48 percent, 19 percentage points higher than 29 percent for general companies, indicating that more young people work. 

Companies selected as youth-friendly small and medium-sized companies will receive a variety of benefits, including customized recruitment support services (hiring centers by Worknet theme), preferential treatment for financial and tax investigations, and additional points when designating special military service companies. In particular, youth-friendly small and medium-sized companies will be given preferential benefits when leasing public property in 2022.

The list of selected companies will be available from Dec. 21 on the ministry's website. Details such as wage information for each company, work-life balance support, etc. can be searched on the Worknet from January 1, next year, the beginning of the validity period. In addition, young people who wish to get a job at a youth-friendly and strong company can check job information or apply for employment on Worknet 'Theme-Specific Recruitment Center' after registering for a job.

Kwon Chang-joon, a youth employment policy officer, said, "We hope that young people will use excellent corporate information to help them get a job, and we will continue to improve the selection, support, and promotion of youth-friendly small and medium-sized companies so that they can become companies that actually young people want to go."

Meanwhile, among the newly selected youth-friendly small and medium-sized companies, the company will deliver the plaque at the Job Creation Merit Awards and Youth-friendly Small and Medium Business Selection Ceremony on the 23rd.

By Reporter Kim yong-hoon / fact0514@heraldcorp.com

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