Human Resources
– From now on, it will be easier to get a job in the US.
– I also study English from today.
– Working at Guro Digital Complex. Everyone is in a bad mood these days. If Chairman Kang makes a course for employment in the United States, everyone registers there.
– I also work in Pangyo, the atmosphere is not a joke.
– You don’t have to be a servant in Korea anymore.
Eugene’s plan, thrown like a bomb, shook up Korean society.
Within a day of the interview, almost all media outlets came out with a special report on Eugene’s plans.
Until now, there were not a few people who wanted to work in the United States, but for various reasons, there were many cases where they did not have the courage to do it easily.
Most of all, it was largely due to the fear of abandoning the foundations that had been built up and going abroad for a job.
In the Korean economy, which was in its midst of growth, there were not a few people looking for jobs abroad.
There were a lot of people who wanted to work abroad as a coal mine worker in Germany or smuggle to Japan to earn money that could not be compared with Korea.
At that time, the salaries received abroad were incomparable to Korea, so many people had the courage to advance abroad.
However, with the advancement of the Korean economy, the difference between the salary received in Japan and the salary received in Korea has not changed that much, and even compared to the United States, it is not twice as much as before, so it is natural that the desire to abandon the foundation and advance abroad will decrease. did.
That is not only in Korea, but in any country where the economy develops will follow.
– I worked as a developer for 5 years and I still get a little more than the minimum wage. It shows no sign of getting any better with time. Unless you work for a large company, it will probably be like this for the rest of your life. I am also going to Heaven.
– My company’s salary is still good, but I’m getting tired of the bureaucracy and factions, I’d rather go to Google or Maso.
– The management said there was a commotion. It would be a big deal if even the core developers were shaken.
Of course, not all developers think that way. However, even if only 10% of the group is shaken, it will have a very large impact on the surroundings.
From the very next day after Eugene’s plan was announced, the aftermath was showing up in a big way.
– But you said Trump is blocking the entry of foreign workers, right? Will it really be like Chairman Kang’s plan?
– Isn’t Chairman Kang an aide to Trump? Of course there must be some plan.
– We just need to trust Chairman Kang.
Now, people’s belief in Eugene was much greater than anxiety about the future in the minds of people.
– Our company mainly subcontracts large corporations, and more than half are interested in Chairman Kang’s project.
– Isn’t that obvious? In this country, the whole country is subcontracted to subcontractors, and in the end, the people who actually work are only getting paid salaries.
– Does the United States have subcontracting cancer?
– Still, the United States much prefers in-house development to outsourcing. Moreover, there is no sub-subcontracting or tertiary subcontracting like in Korea.
– Well, that’s the problem in Korea. There are too many people who just put their legs in the middle and take their salaries.
There are various problems in any society, and in the case of Korean society today, the irrational structure of primary subcontracting, subcontracting, and subcontracting is always the biggest cause of unfairness.
However, few people wanted to abolish such injustice, and many people wanted such a job, so this structure only benefited a few people and continued to exist.
It was difficult for the criticism to have any meaning in a country where it was difficult to find a job unless it was a subcontractor right away.
However, when Eugene’s plan was announced, at least in the IT industry, a new alternative arose, and naturally, it started to swell from the bottom up.
“Are you really saying that person can make getting a job in the US easier?”
“It seems like that. The outsourcing workforce is already buzzing.”
“My head hurts… … Doesn’t that mean you can’t find anyone to work for?”
“Is it possible that it will be like that… … If the plan really goes according to plan, it seems that labor costs are unavoidable right away. Even if only 10% goes out, it would be at least a 20% increase in wages.”
“no. What does it mean to get a job in the US out of nowhere? Just do it the way you do, whether it’s an investment or a speculation!”
And, of course, each major IT-related affiliate was at risk.
Large groups in Korea each have several IT-related affiliates, and subcontract internal IT work to affiliates.
Then, those affiliates again outsourced to small and medium-sized developers and took the labor cost away.
Of course, not only in the IT system, but in almost all areas, large corporations maintain a significant workforce through a wide variety of subcontracts.
The problem is that the owners of outsourcing companies in the middle of such a complex subcontracting structure are usually people who are highly related to the family of the owner of a large corporation.
The company in charge of the first subcontract is a cousin of the owner of a large company, the second subcontract is a distant relative, and the third subcontract is an executive from a group affiliate. They are eating very frugally on the wages they have to return.
The wage that is set when you first come down from the original office is 300,000 won per day, which is actually not a small amount.
However, through this subcontracting system, what the actual worker can get is barely over 100,000 won, or sometimes even less than 100,000 won.
Companies in the middle take 60% or 70% off the job in the name of manpower management, and there are many cases where workers barely earn the minimum wage.
Naturally, there are many complaints from those who work as subcontractors or dispatched workers.
“What the hell are you thinking about? Why are you suddenly shaking up Korean society?”
“That’s it. It seems like we have to come out of politics.”
Those who benefited from the announcement of this plan were feeling anxious.
It wouldn’t have been such a problem if it was just an ordinary social organization, but the opponent is Eugene, who has the most assets in the world.
“But will it really happen? It’s not easy to get a job like Google or Maco, isn’t it?”
“It does. However… … It is said that Chairman Kang has quite a bit of influence on things like Google and Maso. I heard that he is a major shareholder of Google… … .”
“driving me crazy. Tell the developers to try to tinker with it somehow. And do you know what kind of dog or cow google macaw is? Developers who don’t have anything, how will they go about it?”
Eugene’s influence on Korean society was enormous. All sorts of controversies were already brewing here and there.
“It has been announced that Microsoft and Google will actively review it. The same goes for Facebook and Amazon.”
Eugene’s interview is not at the level of merely secretly mentioning the plan that is being conceived.
He was already in the process of forming a team to realize his idea and proceeding in various directions.
The first is to exercise some influence over global IT companies.
“At least they said they would pay more attention to resumes coming from Korea.”
It’s not just lip service. Eugene already has enough power to put pressure on those companies.
Eugene’s stake in global IT companies is substantial.
In particular, the stakes in Google, Facebook, Amazon, and Apple are more than Eugene’s total assets combined.
This is because they hold more than five times their assets by using considerable leverage through several investment banks.
Since he first started investing in stocks, he has never sold any of his shares in these companies, but has steadily increased his stake over time, so in reality, Eugene holds the largest stake in these large IT companies.
At least for the next three years, we plan to maintain a stake in such a large IT company.
By the time the stock crashes in the second half of 2021, it will at least double your returns.
“Next month, we’re announcing at least thousands of new hires for a Wall Street wealth management company. Of course, many of them are of Korean descent.”
Joanna has already set up a plan to recruit new personnel of Korean descent in line with Eugene’s plan.
The two asset management companies Joanna and William are in charge of have grown to a size comparable to that of a major investment company, both quantitatively and qualitatively.
The amount of funds already managed by the two companies is comparable to that of the 5 largest US investment banks and 9 major investment companies, so-called bulge brackets.
There has never been a financial institution that has grown to such a scale in such a short period of time.
Of course, as Eugene already knows the future well, it is natural, but from the outside, every step of his move will feel like a legend.
Naturally, the two asset managers were only hiring more and more people, and recently, there were complaints from those around them that they were pulling the entire Wall Street talent pool.
“Of course, only the best talent will be accepted. I have no intention of accepting anyone just because they are from the boss’s old homeland.”
Joanna just cut it off and said.
“Of course. It’s not philanthropy.”
It is also natural for Eugene. Working for Eugene’s investment firm means being on the cutting edge of the global financial industry.
It is not uncommon for a single general employee to conduct transactions worth $100 million per day.
In a sense, the global IT industry is inevitably more demanding than hiring new employees.
“So far, we have hired 1,000 new employees just for the job of hiring. And I plan to keep increasing it. In a few years, I think we will have at least 3,000 people in recruitment and training alone.”
In the case of the United States, unlike Korea, a considerable amount of effort is put into human resources and recruitment, and the authority of those in charge is considerable.
In the case of Korea, it is quite different because in small companies, HR is sometimes done in parallel with other tasks, and even in a slightly larger company, it is common for a very small number of people to take charge of the relevant tasks.
That’s partly because the American job market is a culture of easy job change and dismissal.
As in Korea, if you hire once, if you don’t cut it, the number of jobs will increase only if you hire once or twice a year. did.
In some ways, it could be seen as an unnecessary waste of resources, but it was quite natural for a company that had to hire the best people.
Also, Joanna’s HR manager is not just for talent who will work for two asset management companies.
The number of companies in the United States in which Eugene is a major shareholder exceeds tens of thousands.
That number will increase even more rapidly in the future. It is a very natural move for Eugene, who knows which companies will lead the field in the future.
And since many of those companies are only just getting bigger, it goes without saying that they need a lot of talented people.
But it’s difficult for such a new company to have the right recruiters, and that’s when you need the skills of the HR team that Joanna said.
Of course, in the meantime, not a few Korean-Americans will be hired, and the love and loyalty that Eugene will have for many talented people who come to the United States to find employment and grow with Eugene’s help will be beyond imagination.