https://www.koreatimes.co.kr/www/biz/2024/10/175_384384.html
BOK loses young employees due to noncompetitive salary
An increasing number of Bank of Korea (BOK) employees are leaving the bank, frustrated by their stagnant salaries compared to their peers at commercial lenders, data showed Wednesday.
www.koreatimes.co.kr
An increasing number of Bank of Korea (BOK) employees are leaving the bank, frustrated by their stagnant salaries compared to their peers at commercial lenders, data showed Wednesday.
noncompetitive salary 경쟁력 없는 월급
an increasing number of = a growing number of = incremental = more and more 점점 증가하는
stagnant = static = sluggish = slow = slow-moving = lethargic = inert = motionless = still = immobile 침체있는, 움직이는 않는
commercial lender 상업 은행, 영리적 대출 기관, 상업 대출기관
Advancing the collective move is the annual salary differential between the two of nearly 10 million won ($7,338) over the 38 post-pandemic months of tightening. Many commercial lenders raked in profit, underpinned by rapid increase in borrowing costs with their net income breaking records every year since 2020.
collective move 집단적인 움직임
differential = difference = variation = variance = discrepancy = gulf = gap = disparity = distinction 차이, 갭
rake in profit = rake in money 수익을 거둬들이다
underpin = shore up = support = prop up = back up = countenance = advocate 지지하다
borrowing costs 차입비용
net income 순수익
break records 기록을 깨다
According to the BOK's data submitted to the National Assembly Strategy and Finance Committee, BOK employees' salaries averaged 107.4 million won last year. The figure was a steady-yet-small increase from 100.6 million won in 2020; 103 million won in 2021 and 103.3 million won in 2022.
National Assembly = congress = parliament = the house of parliament = legislature = legislative assembly = senate = chamber 국회, 의회, 입법부
the National Assembly Strategy and Finance Committee 국회 재정 경제 위원회
steady-yet-small 안적정이지만 작은
In contrast, the figure for employees at the country's top four commercial lenders — KB Kookmin, Shinhan, Hana and Woori — stood at 116 million won last year. It was a far sharper increase from 98 million won in 2020. The figures came to 105.5 million won in 2021 and 112.8 million won in 2022.
in contrast to = in contrast with = in comparison with = as against = as opposed to ~와 대조적으로, ~와 비교해서
stand at = reach = arrive at = run into = amount to = get to = number = add up to = total up to = tally ~에 이르다, ~에 달하다
This led to commercial lenders' employees making more money than their BOK peers in 2021. The gap between the two was 5.2 million won in 2021 but was widened to 9.5 million won in 2022. A total of 160 employees left the BOK in 2022, following 132 in 2020 and 136 in 2021. A total of 80 "young" BOK employees, defined as the 4th- and 5th-grade employees on a scale of five, quit in 2022.
make more money 돈을 더 많이 벌다
a total of = the aggregate total of = all told = all together = in total 다 합해서, 다 해서
on a scale of five 5단계 중, 1~5까지의 단계중
It was an increase from 62 in 2020 and 71 in 2021. Hard work does not necessarily translate to promotion either, according to a BOK official. "Promotion opportunities are limited, the sense duty for the betterment of the country can only motivate employees so far," he said on condition of anonymity. "Adding to that sense of unfairness is when my coworkers and I hear about someone whose academic performance was far poorer than ours earning much more money than us in a private sector job."
translate to ~으로 번역하다, ~으로 바꾸다, ~으로 해석되다
promotion = advancement 승진, 프로모션
sense duty 의무감
betterment = advancement = furtherance = improvement 발전, 진척
motivate = encourage = stimulate = hearten = cheer up = buoy up = boost = instigate 유발하다, 동기를 일으키다, 유발하다
so far = up to date = to date = hitherto = heretofore = until now = until the present 지금까지, 현재까지는
as of now 현재로서는
on condition of anonymity 익명을 조건으로 하다
academic performance 학문적 성과
earning = income = profit 소득, 수입
unfairness = inequity = injustice = inequality 불공정, 불평등
in a private sector 민간 부문에서
According to a survey by the Korea Institute of Public Administration in 2022, nearly half, or 45.2 percent, of public servants in central government and municipalities said they were willing to quit for higher-paying jobs if opportunities arose, up 11.7 percent from the previous year.
public servant = civil servant = public official = government employee = government official 공무원
higher-paying job 고소득 직장
from the previous year = over last year = year-of-year = year-to-year = compared to last year = from the preceding year 전년대비, 전년보다도
Among the reasons for quitting were the heavy workload relative to salaries, frequent overtime including night shifts and weekends and the weak prospect of promotion. The state-run research body recommended that government organizations establish a transparent employee evaluation system and performance-based remuneration. "The once-popular public service positions are losing luster, in part to an organizational culture with little flexibility compounded further by steep pension cuts."
heavy workload 과도한 업무량
overtime 초과 근무, 야근, 잔업
night shift 야간 근무 시간
prospect = likelihood = expectation = hope = anticipation = chance = probabilities = potential = promise = outlook = odds 가능성, 기회, 전망, 확률
recommend = advice = admonish = inculcate = enjoin = demand = require = urge = exhort = adjure = call on 추천하다, 권하다, 명하다
employee evaluation system 직원 평가 시스템
performance-based remuneration 성과 기반의 보수
lose luster = lose steam 빛을 일어가다, 열기가 식다
organizatinoal culture 조직 문화
compound = intensify = deteriorate = aggravate = exacerbate = precipitate = heighten 악화되다, 치닫다, 고조되다
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