NCSOFT today announced its full suite of updated compensation policies in an effort to retain and attract the best talent. Over the weeks, many developers in South Korea have followed the big boys (such as Nexon and Netmarble) in increasing salaries and provide more welfare, which is certainly a far cry from the days where employees had to work overtime for free.
NCSOFT confirmed that moving on, the annual wage for fresh college graduates will begin at 55 million Korean Won (around 48,000 USD) for development hires and 47 million Korean Won (around 41,000 USD) for non-development hires. This new wage structure started in January 2021.
The new annual wage is a minimum guarantee, which means new college graduates might get even more depending on their capabilities and talent.
All existing employees will get a wage increment as well. It is reported that development employees will see an increase of around 13 million Korean Won (around 11,500 USD) and around 10 million Korean Won (around USD 9,000) for non-development employees.
Depending on performance, more bonuses will be added to this permanent increment as well.
A special “CEO Incentive Bonus” of 8 million Korean Won (around 7,000 USD) will be given to all employees, no matter if they are full-time, contract, dispatch, interns, etc. This is due to NCSOFT’s CEO getting a huge bonus for 2020’s financial performance, and he wanted to share the rewards with everyone.