HF Improves Work Conditions through Staff-Management Consensus

 - Increased job satisfaction expected to drive up productivity 

Korea Housing Finance Corporation (HF, CEO Lee Jung-Hwan) stated on June 19, 2019, that it had agreed to the expansion of a flexible working schedule and the ‘Declaration of Commitment to the Establishment of Industrial Safety with the HF Chapter of Korea Financial Industry Union (Chief Commissioner Jeong Young-Seok) on the 17th.    

Accordingly, HF is set to expand its current flexible working hours program and extend the unit period* of flexible working hours to up to one month, the maximum unit period allowed under the Labor Standards Act. As a result, HF employees will be able to adjust their work schedules to their personal circumstances. It is expected that this will increase their job satisfaction and reduce demands for night work. 

   * The unit period of calculating an average working week of 40 hours 

In addition, HF labor and management pledged to work together to comply with the Occupational Safety and Health Act and other related laws and build a concrete roadmap for the prevention of industrial accidents, promoting industrial disaster prevention and preparedness.

HF CEO Lee Jung-Hwan said, “By expanding our flexible working scheme, we will exert our best efforts to boost our employees’ job satisfaction through greater work-life balance, prevent industrial accidents through a better working environment, and reduce the stress of emotional labor.”

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HF agreed to the establishment of industrial safety and the expansion of flexible working hours at the Labor and Management Competence Strengthening Workshop held in Namhae, Gyeongnam Province, on the 17th. HF CEO Lee Jung-Hwan (left) and Chief Commissioner Jeong Young-Seok (right) pose for a photo after the labor-management agreement.