Starting salary of 65 million won at commercial banks leads to numerous resignations before joining

As youth employment difficulties deepen, many successful candidates are giving up job offers at commercial banks despite their high starting salaries.

According to the financial sector on the 8th, half of the final successful candidates from a commercial bank's second-half recruitment last year did not join. This bank had planned to hire about 130 new employees, but only half actually underwent training and were assigned to the field.

This phenomenon of "resignation before joining" is causing banks to face difficulties with personnel shortages, even when they meet their hiring targets.

Currently, the starting salaries at the four major commercial banks range from 60 million to 65 million won, including various allowances, making them still popular among job seekers. However, the increase in candidates who forgo job offers has come as a surprise to many.

Most of the candidates who declined offers are said to have chosen large corporations or IT companies. The industry observes that the hierarchical organizational culture of the banking sector is perceived as burdensome by the younger generation. While the high starting salary, benefits, and work-life balance are attractive, the organizational culture and vision are not viewed positively, according to analysis.

The banking industry believes this phenomenon arises from “duplicate applications” by highly qualified candidates. One job seeker who got accepted at multiple commercial banks led to a reduction in the number of final hires. Additionally, it has yet to be confirmed whether the trend of declining job offers is a temporary occurrence or a long-term shift.

Image source: Material photos for better understanding of the article / tvn 'Knowing Wife', Material photos for better understanding of the article / gettyimagesbank