HR Policies
HR Principle
LG Display regards the most important driving force to maintain and advance its status as global no. 1 company by demonstrating the fundamental competitiveness in the long term is its people.
LG Display regards the most important driving force to maintain and advance its status as global no. 1 company by demonstrating the fundamental competitiveness in the long term is its people.
LG Display is organized to enhance the value of its people who are the main agents for customer value innovation and readiness for future and to demonstrate the collective intelligence.
Evaluation System
Under the belief that the human talent is the best asset, LG Display recognizes and compensates appropriately for the performance of its employees.
The evaluation is conducted in the process of goal setting → Interim evaluation and coaching & feedback → Final evaluation(once a year)
Performance
+
Competency
=
Performance +
Competency
- Performance + Competency
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- Creation of Group Outcome The business strategy and organization goals are cascaded with individual goals so that the both organization and individual goal are fulfiled.
- Motivation of Employees LG Display allows its employees to autonomously set the goal to motivate them to concentrate to achieve the goal and appropriately compensates for the performance to encourage the growth and development through cultivation of individual competency.
Compensation System
LG Display maintains the industry's best compensation level so that the employees will have pride and operates the various compensation systems to motivate them to improve the performance.
- PS(Profit Sharing)
- Compensation according to company performance
- Vision Incentive
- Compensation as needed for outstanding performance
- PI(Personal Incentive)
- Compensation according to individual performance (evaluation)
- Basic Salary
- Determined in overall consideration of market value and individual competency/performance
Welfare
The following welfare programs are provided to all employees to increase work immersion and boost self-esteem based on stability in life and improvement in quality of life.
Various welfare and benefit
systems that support healthy and enriched life
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- 01. Health
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Individual and family medical expenses
Support for medical and pharmaceutical expenses for the treatment of individual employees and their families.
Comprehensive health checkup
Support for regular health checkups at general hospitals for employees and their spouses.
(Instead of the spouse, the individual employee or the spouse's immediate family member can get the examination.)Sick leave
Employees who need medical treatment due to illness are granted sick leave of absence. (Part of his/her salary paid)
Group insurance for employees
[Death] Up to KRW 100 million, [Disease] Up to KRW 30 million, [Disability] Up to KRW 80 million paid out.
Onsite health clinic
Onsite health clinic operated in partnership with general hospitals.
Available to partner companies
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- 02. Financial Stability
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Home loans
Some interest on loans subsidized for non-homeowners to buy or rent a home.
Separate loan support available for employees who transfer to another location.Tuitions
Tuition support for children enrolled in middle school/high school/university of employees.
Laptops are provided to children of employees entering elementary / middle / high school as a gift.Support for congratulatory/condolence expenses for employees and their families
Vacation granted and congratulatory/condolences expenses supported for personal or family events.
In case of a funeral, helpers are dispatched and funeral supplies are provided.
Disaster recovery fund available in the event of a disaster in a house or land.Work environment
Dormitories are provided in Gumi and Paju.
Commuter buses operate in major areas near the workplace.
Available to partner companies
Facilities such as in-house cafeteria, cafe, and convenience store available.
Available to partner companies
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- 03. W&L Balance
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Optional welfare benefits points
1 million points of optional welfare benefits are provided every year.
(An additional 100,000 points are provided every other year)
Points can be used at the employee-only online welfare mall or with affiliated credit cards.Accommodations
50% of the hotel accommodation fee for leisure purposes is subsidized.
(within the annual limit)Personal improvement leave
Leave of absence granted to employees who wish to time off for personal improvement. (Up to 1 year)
Team Work
Excursion by department(Once a year, 1 day leave + subsidy),
Team building event(Twice a year, subsidy)Long-term tenure
Reward vacation, prize money, commemorative trophy, overseas travel for couples by year of service.
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- 04. Caring for Families
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Pregnancy/Parental Leave
Leave of absence support for pregnant employees. (Leave subsidy)
Parental leave to take care of young children. (Up to 2 years)Flexible work schedule for pregnancy and childcare
Reduced working hours policy for pregnant and child-rearing employees.
Flexible work hours for child-rearing employees. (A hybrid of office work + remote work)Fertility treatment leave
Time off for fertility treatments
Maternity leave
Time off due to childbirth/miscarriage/stillbirth.
Time off due to spouse's childbirth/miscarriage/stillbirth.Onsite childcare center
Onsite childcare center provided near the workplace.
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- 05. Happy Workplace
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Mungyeong Healing Center
Facilities to provide activities for sensory recovery and stress management.
In-house counseling center
Operating an in-house 'Heart Love Counseling Center' with a professional counselor.
(Individual counseling, group counseling, psychological test, etc.)Communication camp
Teamwork improvement programs through mutual understanding and communication among teammates offered.
In-house massage center
In-house massage center to relieve fatigue available to employees.
Children's Day event for children of employees
Children's Day event for employees' children and families.
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Gifts to congratulate pregnancy
Giving the employee or his/her spouse a gift to celebrate the pregnancy.
Gifts to celebrate the children of employees entering elementary school
Giving gifts to celebrate the children of employees entering elementary school.
Gifts to encourage family members of employees who are preparing for the college entrance exam
Providing a gift to wish for good results in the college entrance exam for employees' family members, such as employees' children, brothers/sisters, etc.
eBook Library
Content for personal improvement and work research is available free of charge in the e-book library.
Care services for pregnant employees
Care/support services for pregnant employees
(Exclusive seats on commuter buses and parking spots for pregnant employees, Mother's Day events, etc.)Morale-boosting/family-friendly events
Various events for families are prepared by season.
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In addition, various care programs are operated for employees and their families, and continuous improvement is being made to enhance satisfaction.
Smart Work
Remote work policy
Remote work available depending on the nature of the job
Base offices
Operates off-site base offices to facilitate remote work(Seoul, Ilsan, Daegu)
Flexible work
arrangements
Long-term annual leave for rest and recovery available
Flexible work schedule(free to choose arrival and/or departure times)
Career Paths
LG Display cultivates the manpower who aspires the same values as the company and can demonstrate his or her capability to the highest level.
Cultivation of LG Display Human Talent Having
Professionalism and Global Capability
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Leadership Competency
- Cultivation of global leaders
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- Training course of future entrepreneur candidates
- Coaching course for leaders/candidates
- New executives, team leaders, and preliminary leaders
- R&D and MBA degree support in Korea and overseas
- Dispatch of employees to overseas subsidiaries
- Dispatch of employees to intensive language school
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Basic Competency
- Internalization of Jeong-Do Management and LG Display Behavior
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- Jeong-Do management training
- Training program for all employees
- New and skilled employees on-boarding
- Training for promoted employees(Group/LGD training)
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Professional Competency
- Cultivation of best professionals for each field
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Specialized on-the-job training for each field(R&D, manufacturing, sales/marketing, support)
work-related project activities
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Specialized on-the-job training for each field(R&D, manufacturing, sales/marketing, support)
IDP(Individual Development Plan)
- 01. Career Vision Preparation Personal strength and development needed are checked using the individual performance, work experience and other data.
- 02. IDP Planning The plan is generated based on the career vision and introspection to achieve it.
- 03. Career Coaching The detailed action plan to develop the individual's career is generated jointly with the superior and executed. Continued communications help the seamless execution.
- 04. Continuous Support of Execution Result LG Display continuously supports the individual career development and checks and supplements its satisfaction level.