Workforce Diversity Samsung Electronics
Table of Contents
Samsung Electronics Co Ltd was founded in 1938 Seoul, Korea. The company has been around for decades, providing the world with “electronic products & device solutions”. Not only do they build devices, over 80 different businesses exist under the Samsung name. Their workforce consists of more than 370,000 employees to this day. This is more than all of its top competitors combined.
Throughout the course of this Spring 2013 quarter, I have conducted a project on the financial management of Samsung. After extensive review of the firm’s annual 10k report, their tactics appear to be quite impressive. The corporation has integrated an innovative diversity management program as part of their strategic sustainability. They have invested a significant amount of their treasury into their staff. This seems to have seized positive results in employee performance. We will be evaluating this program and its significant weight within the workforce.
Samsung’s Annual 10k includes a Sustainability Report that effectively defines their new diversity management program. It is a précis of the research and development that was involved. This is perhaps the most reliable source thus far. It is a publication devised by the corporation itself and delivers their perspective.
First highlighted was the firm’s interest in recruiting both domestic and foreign workers. “Global talent” is a priority that has definitely not been overlooked. The report continues on to emphasize their practice of anti-discrimination. Samsung has always aspired to be a global business leader and needs global talent to do so. Having Asian origins, their code of honor is examined and addresses Human Rights. Here, an overview of rights that every employee holds is stated. Fairly distributed incentives are also covered within the report. Documenting the provided incentives shows the firm’s eagerness to maintain employee satisfaction.
Our second reference is a publication by Forbes Insights titled, “Global Diversity and Inclusion: Fostering Innovation Through a Diverse Workforce”. Forbes Insights is an extension of Forbes LLC that acts as a wing of specialization. Interestingly enough, it questions our view of diversity before it provides a detailed explanation of how and why it is indeed a key to success. The “formula for diversity” is an ever-changing entity. It is a living, breathing thing of many colors that cannot be swept under the rug. Rather, business leaders can control it and use it to their advantage in order to maintain internal sustainability. A workforce that is aware of its diverse environment is able to have a drive. Potential applicants see such organizations as attractive. Recruiting will then be less problematic.
Forbes is undoubtedly a credible resource in that its writers compile of the most highly respected business analysts in the world. Not only are researches provided with well-written articles, but with official publications and external sources as well.
Asia News Network
Our third source is an article from the Asia News Network written by Cho Ji-huyn called, “Samsung Moves Towards Workforce Diversity”.  Ji-hyun is also a writer for the Korean Herald and is nationally respected. Expanding our research and including a Korean writer’s perspective is absolutely helpful when reporting on an international matter. This publication was composed specifically for ANN’s business segment. It is a collection of quotes from Samsung executives themselves. Because these quotes originate...
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