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View of Shinhan Bank. (Photo=Shinhan Bank) |
[Alpha Biz= Reporter Kim Sangjin] Shinhan Bank has recently launched a voluntary retirement program for specific groups of employees. The targets include retail service employees with over 7.5 years of service born in 1986 or earlier (age 38 and above), employees at the rank of deputy manager or branch manager (Ma) with 15 years of service, born in 1966 or later (age 58 and above), and employees ranked 4th grade or below with over 15 years of service born in 1972 or earlier (age 52 and above). Compared to last year, the retirement age has been lowered from 44 years to 38 years.
The bank will provide special retirement packages ranging from 7 to 31 months of salary, depending on the employee's birth year. These conditions are similar to those offered at the end of last year. After receiving applications, Shinhan Bank will conduct individual reviews and finalize the retirement process by January 2 of next year.
A Shinhan Bank representative explained that the initiative aims to support older, long-serving employees in transitioning to the next phase of their lives while enhancing workforce efficiency and expanding hiring opportunities for new employees.
The trend of voluntary retirements in the banking sector is expected to continue. NH Nonghyup Bank had already announced its voluntary retirement program in November, targeting employees with 10 or more years of service aged 40 to 56. The bank will offer a special retirement package similar to last year, with 28 months' salary for employees aged 56 and up, and up to 20 months' salary for other employees, with no distinction between staff categories.
Alphabiz Reporter Kim SangJin(letyou@alphabiz.co.kr)
