We were holding our regular February “Impact Forum.” The Impact Forum is a company-wide town hall meeting where Wadiz employees share their achievements once a month. It’s Wadizprimary communication channel.
The final item on the agenda for the February forum was a presentation by CEO Shin Hye-seong. Suddenly, the comments section exploded with reactions Wadiz. The hot topic was Wadizupgraded 2022 benefits and compensation system. The announcement that received the most enthusiastic response was: “‘a signing (retention) bonus equal to 20% of base salary will be paid to all employees’.
Signing bonuses are a compensation scheme offered by many companies in the industry to attract external talent. We all know that to recruit top talent, appropriate compensation must be provided. That’s why we often see news articles about companies offering signing bonuses upon hire. To provide incentives for recruiting new talent and preventing the loss of key personnel to all employees… It was truly an unprecedented announcement.
Why did Wadizmake this decision?
Signing Bonus 1. News of Wadiz Securing Series D Funding
Last November,Wadiz announced that it had secured Series D funding, “REACH TO THE NEXT LEVEL” and
(Curious about the Impact Forum in November? Click here)
“What do Wadiz Wadizneed now that they’ve reached the next level?”
“How can we work with even greater pride?”
Signing Bonus 2: WadizGrowth and Culture, Built Together
Wadizhave been part of Wadiz“growth” and “present.”
While recruiting talented individuals to help drive Wadizfuture growth is important, isn’t it even more important to ensure that our existing members—who have been with us every step of the way to reach this milestone—are adequately rewarded?That’s whywe’ve decided to offer thesamesigning bonus tobothnew hires and our current team members, so that everyone receives the same compensation.👏👏👏👏👏👏
Wadizcompensation and benefits program the granting of stock options to all employees in October 2020, the abolition of the comprehensive wage system in February 2021, the implementation of a 40-hour workweek, and the introduction of flexible working hours and are constantly being updated to align with the way we work.
Ifpersonal growth leads to the company’s growth, and the achievements we create together translateinto rewards, wouldn’t that make the “pride” of our Wadiz team members grow even stronger? Moving forward, we’ll continue to explore Wadizunique way of working, and build a culture where we can grow together.
Let’s keep moving forward together!
Wadizdreams of being the best company—not for everyone, but for ‘someone.’”
