Samsung follows its tradition to reward its employees with a bonus every January, with the amount being up to 50 percent of their annual salaries. This year Samsung giving Mobile and Chip employees is expected to be the same, despite the company witnessing a slowdown in chip and smartphone sales.
The Investor, a relevant information provider who tends to gather matters from inside the industry, had commented that Samsung allegedly notified executives and staff about the company’s comprehensive strategy for yearly incentives as part of its overall performance incentive, or OPI. Now, employees who are working in the chip industry will get the most significant bonus among the company’s several divisions, amounting to between 47 and 50 percent of their yearly income.
Samsung’s Mobile Team is also anticipated to get an additional Bonus
Unexpectedly, Samsung decided to give its staff members an annual bonus even though demand for smartphones has declined. This shows that the corporation is choosing to retain employees and has given the teams a significant incentive to urge them to do even better this year. The amount of bonus found stagnant, in comparison of last year. The staff at Samsung’s Mobile experience business, which is in charge of smartphones and tablets, will earn between 29 and 33 percent of their yearly wages.
As we all knows tha fact that Samsung is to revealed the flagship this year, the Galaxy S23 in the first week of February. Giving out incentives just before the release of its flagship smartphone series is a great way to encourage the team to perform to the best of their potential to steal market share from Apple and other rivals. Employee pay at Samsung Display will increase from 35 percent to 47-50 percent of yearly salary, similar to the semiconductor division.
Conclusion segment…
In 2023, if Samsung Mobile eXperience business can regain lost market share, the Korean giant can authorize a bonus that is even bigger. As a result, Samsung posted the greatest quarterly operating profit of 1.9 trillion won ($1.5 billion) for the third quarter of 2022. A rise in the OPI rate, which would be the largest in many years.
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