The banknote revives the so-called "bank exam" which is written examination to improve the transparency of the recruitment process. Besides, external experts participate in the interview process to prevent injuries, and a pool of candidates for admission is operated to fill vacancies due to fraudulent candidates. However, the investigation of bankruptcy filings by financial holdings and banks is expected to spread to all financial sectors including credit cards and life insurance companies.

According to the Financial Sector on May 13, the Federation of Korean Banks passed the best practices of the banknote recruitment procedure, including the introduction of the participation of external experts in the written examinations and interviews,

First, the best practice stipulates that banks can take written exams when they are in the process of hiring. Despite, best practice is a recommendation, banks are likely to introduce writing tests in order to increase the fairness and objectivity of the recruitment process, as they have suffered a setback in the recruitment era.

Many banks, in the past, screened a large number of applicants from the paper screening process, followed the interview process, and finally selected the successful applicants. However, the fact that scores of applicants who are not qualified in the process of document screening have been manipulated has turned out to be true, leading to investigation by the financial authorities. For the time being, Woori Bank plans to introduce a written test in the first half of this year in a new recruitment process.

Meanwhile, measures to improve the fairness of document screenings and interviews were also prepared. In the model regulation, documents were screened out to external agencies or external experts were invited to participate. In addition, there were plans to operate a pool of preliminary passers in preparation for the admission of unjust admitted students in order to rescue the victim of the injustice. It is a method to reveal the applicant as a wrongful candidate, to cancel the applicant`s acceptance, and to post the first-place admitted applicant at the position.

On the other hand, it also included a plan to abolish the employee recommendation system, which is the core of the banknote recruitment scandal. The Banks Association will determine the best standards by the opinions of the financial authorities in the next week, and if the best regulations are established, the banks will reflect them in the regulations.

However, despite the establishment of the model rules by the Federation of Korean Banks, the investigation into the hiring of financial institutions is likely to continue for the time being. The investigation into Shinhan Financial has revealed suspicions about the hiring of the second bank as well as banks. The Financial Supervisory Service pointed out that if the specific report is received at the job hunting and reporting center, Kwon Chang-woo, general manager of the Financial Supervisory Service of the Financial Supervisory Service, said, "Despite we cannot tell you more about the expansion of the unemployment investigation for two financial institutions, We will be able to judge whether or not to conduct additional tests if we receive it through the report center."

Also, the Financial Supervisory Service plans to look again at the employment-related sector in KEB Hana Bank`s management review. "In the case of a problem with the recruitment process, we can go ahead with the recruitment audit," Kwon stated.

By Cho Eun Guk ceg4204@


[ copyright ⓒ The Digitaltimes ]