On average, here’s how much a Samsung employee earns, annually

Have you ever wondered what the average Samsung employee’s annual earning is? If yes, then this article will provide you with the answers that you need to quench your curiosity. The earnings reflected in this article show the average earnings of employees at Samsung’s South Korean office.

Included in the collation process to get the average figure are also execs with the South Korean tech giant. The estimate was curated by market tracker Korea CXO Institute, and it covers employee earnings from 2022. This firm relied on data it gathered from a recent audit report.

The audit not only revealed the average Samsung employee’s annual earnings, but also the company’s workforce. Over the past three years, the company has lost a good amount of workers. This has led to a sharp decline in the annual earnings of Samsung employees.

A report shares an annual earning estimate for Samsung employees

From the available report, the annual earning of Samsung employees clocks at $99,700. This is the average annual earning of the employees and execs at the Samsung headquarters. Market tracker Korea CXO Institute also says that Samsung’s sales-to-labor cost ratio decreased last year.

A total of $12 billion was spent by the South Korean tech giant on labor costs. The money was to over 113,604 Samsung workers, made up of employees and execs. This is less than what the company paid its workers in 2021 due to the shortage of workers and the reduction in labor costs.

Also, Samsung’s in-house board members earned an average of $3.3 million each. While the registered board members earned an average of $17.1 million collectively. Lastly, six outside directors at Samsung all earned a total of $532,749 last year.

Samsung also experienced a growth in their number of workers, with more people joining the workforce. Some staff members stopped working with Samsung last year, but they are fewer than those that joined. Among the new employees are some top players in their fields that will help grow Samsung’s business during their stay at the company.