New job seekers hope for a starting salary of 41.4 million won, a slight increase from last year

Recently, a survey targeted at job seekers revealed that the average desired starting salary of new job seekers is 41.4 million won.

HR tech company Incruit conducted a survey from the 7th to the 23rd of this month, targeting 691 new job seekers, including those set to graduate from university in August this year and those who have already graduated. The collected data indicated this figure.

This is an increase of 40,000 won compared to last year's average desired starting salary of 41.36 million won, indicating a significant reduction in the increase compared to previous years.

According to the survey, the lowest acceptable starting salary for new hires is shown to be 36.37 million won, which is a decrease of 630,000 won from last year's 37 million won.

Incruit analyzed that this result reflects a slight lowering of job seekers' expectations amid an increasingly difficult employment environment.

By gender, the average desired starting salary for men is 41.28 million won, while for women, it is 37.31 million won, showing a notable difference. Additionally, when considering company type, the average desired salary for large companies is 43.58 million won, for mid-sized companies is 38.06 million won, and for small companies is 30.93 million won, indicating a disparity based on company size.

Again, looking at gender, the average desired starting salary for men is 41.28 million won, while for women, it is 37.31 million won, highlighting a distinct difference.

The most cited reason for determining salary levels is that respondents considered "the size of the company and the industry average salary level," accounting for 34.9% of all responses. Furthermore, a large majority of respondents, 94.8%, stated that the salary level of the company they apply to influences their decision to apply.

When considering the most important criteria for joining a company, satisfactory salary and compensation systems accounted for 40.1%, the largest proportion, followed by growth and development opportunities (14.5%) and excellent benefits (8.7%).

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