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Large firms demand too much info from job seekers: survey

SEOUL, April 16 (Yonhap) -- Large businesses in South Korea demand too much information from job applicants that violate privacy and can be used for discriminatory purposes, such as their religions, marital status and the academic backgrounds of their parents, a survey showed Wednesday. A team of four college students came up with the results after examining the job application forms of 95 large companies since February, the presidential committee on youth affairs said. The students are members of a policy recommendation team of the committee.

Number of high-income earners more than doubles in 4 years: data

SEOUL, April 14 (Yonhap) -- The number of South Korean salaried workers earning over 100 million won (US$96,200) a year more than doubled in four years, government data showed Monday. According to the data provided by the Financial Supervisory Service and the National Tax Service, some 415,000 people, or 2.6 percent of the total number of salaried workers, earned an annual salary of 100 million won or more in 2012. This is compared to about 194,000, or 1.4 percent, in 2008.

Japan February wages steady, winter bonuses up for first time in five years

TOKYO (Reuters) - Japanese wage earners' total cash earnings were unchanged in February from a year earlier and, in a possible sign of thaw in sluggish growth in salaries, winter bonuses rose for the first time in five years, data showed on Tuesday. Overtime pay, a barometer of strength in corporate activity, rose 3.4 percent from a year ago in February, up for an 11th straight month although the increase was slower than January's 4.8 percent rise, the figures from the labor ministry showed.

Bank chairmen to face huge wage cut for poor performance

SEOUL, March 19 (Yonhap) -- Heads of major financial holding companies in South Korea will face a sharp wage cut starting this year as regulators enforce a performance-based pay system for the top executives, industry sources said Wednesday, a step partly answering to escalating criticism over their moral hazard.

Chaos as thousands are called to Stockholm job office by mistake

STOCKHOLM (Reuters) - Police dispersed an angry crowd of job-seekers outside an employment office in Stockholm on Wednesday after it called 61,000 people for a recruitment meeting by mistake. "Something has gone wrong with the mailing list...it has set off a very messy situation at the city office," said Clas Olsson, acting director of the employment office.

Big firms likely to create fewer jobs in 2014

By Nam Kwang-sik SEOUL, Jan. 15 (Yonhap) -- South Korea's biggest companies are expected to create slightly fewer jobs this year from a year ago as they remain unconvinced of an economic recovery, a poll showed Wednesday. According to the survey of 500 companies by the Korea Chamber of Commerce and Industry (KCCI), the top 243 firms by sales said they plan to hire 30,902 people in 2014, down 1.5 percent from 31,372 last year.

Big firms likely to create fewer jobs in 2014

By Nam Kwang-sik SEOUL, Jan. 15 (Yonhap) -- South Korea's biggest companies are expected to create slightly fewer jobs this year from a year ago as they remain unconvinced of an economic recovery, a poll showed Wednesday. According to the survey of 500 companies by the Korea Chamber of Commerce and Industry (KCCI), the top 243 firms by sales said they plan to hire 30,902 people in 2014, down 1.5 percent from 31,372 last year.

Liar for hire? Fake CVs flood Indian job market

Managers of an IT company in New Delhi were puzzled as they sifted through a pile of CVs -- as many as 30 job seekers claimed to have worked previously for the same employer. Unwilling to take any chances, the managers approached a firm of professional sleuths who specialise in screening background information given by prospective employees. What emerged left them stunned. The "employer" turned out to be an owner of a dingy one-room mobile repair shop who was pretending to be an HR manager of a fake IT firm.

Minister confirms Ornge ex-CEO Chris Mazza collected $9.3 million over six years

TORONTO - Ousted Ornge CEO Chris Mazza collected $9.3 million over six years at the province's publicly funded air ambulance service, the governing Liberals confirmed Wednesday. The recently reported figure "is accurate," Health Minister Deb Matthews said after testifying at a legislative committee that is looking into the Ornge spending scandal. That includes salary, bonuses, expenses and other fees, she said. A summary sheet outlining what Mazza collected will be provided to the committee to "make it all clear."

More than 120 firms cut pay of execs this year

SEOUL, Dec. 1 (Yonhap) -- More than 120 companies slashed the salaries of their highly-paid executives, data showed Sunday, in what could be an attempt to avoid a mandatory remuneration disclosure. Listed companies are required to reveal the salary details of executives whose annual income tops 500 million won (US$472,000) under a revised bill on the capital market. South Korean listed firms had been previously making only the average annual salaries of their executives open to the public.
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