"Who Would Leave?"... SK hynix's Voluntary Turnover Rate at Just 0.5% with Starting Salary of 4.5 Million Won for New Hires

Overall Turnover Rate Below 1%
Starting Monthly Salary for New Hires: 4.5 Million Won Last Year
Social Value Creation Reaches 20 Trillion Won Thanks to AI Boom

Last year, the overall turnover rate of SK hynix employees was found to be less than 1%. The voluntary turnover rate was only 0.5%, and the starting monthly salary for new employees was recorded at 4,505,000 won.

SK hynix employees featured on KBS 2TV’s Documentary 3 Days. Video capture from KBS 2TV’s Documentary 3 Days.

According to the Sustainability Report released by SK hynix on the 25th, the total turnover rate at domestic business sites last year was just 0.9%. The voluntary and involuntary turnover rates were 0.5% and 0.4%, respectively. By age group, the overall turnover rates were 0.7% for those under 30, 0.6% for those aged 30 to 49, and 3.6% for those aged 50 and above. By gender, the rates were 1.1% for men and 0.5% for women.

Meanwhile, the number of new hires last year was 3,201, more than tripling compared to the previous year’s 942. The first cleanroom operation at the Cheongju M15X facility in October last year contributed to this increase. The starting monthly salary for new employees (bachelor’s degree, technical and administrative positions) was 4,505,000 won.

With improved performance driven by expanding investments in artificial intelligence (AI) infrastructure, the scale of social value (SV) creation also increased significantly. Last year, the amount of SV created reached 20.3247 trillion won, up 69.4% year-on-year. Social value is a metric that quantifies a company’s contribution to society through employment, taxation, environmental efforts, and social contribution activities, and is calculated by combining economic indirect contributions, environmental, and social performance.

Economic indirect contribution performance, including employment, dividends, and taxes, also climbed 69.8% year-on-year to 20.3561 trillion won. In particular, tax performance soared to 9.5329 trillion won, a 168.2% surge from the previous year’s 3.5545 trillion won. Social performance, including social contribution and shared growth, totaled 941.4 billion won, up 15.1% from the previous year’s 817.7 billion won.

SK hynix. Yonhap News Agency

On the other hand, due to increased semiconductor production, the environmental performance recorded a negative 972.8 billion won. The magnitude of negative environmental impact expanded by 20.1% compared to the previous year’s negative 809.7 billion won.

The proportion of female executives was 3.4%, unchanged from the previous year, while the proportion of female team leaders rose by 0.3 percentage points to 6.8%. SK hynix set this year’s targets at 3.9% and 7.3%, respectively. The number of male employees who took paternity leave was 1,091, an increase of 297 over the same period.

Meanwhile, SK Innovation announced on the same day that it will transfer a 50% stake (approximately 24.9 billion won) in its second A319 aircraft to SK hynix, reflecting changes in the demand for business jet use among affiliates. This is interpreted as a restructuring of ownership in consideration of SK hynix’s increased use of the private jet due to the expansion of overseas operations, including in the United States.

This content was produced with the assistance of AI translation services.