Samsung Electronics knows that its employees’ well-being is a critical part of its overall success. The company also knows that, for its employees to be effective at work, balance matters. As such, its concern about its employees is shown through competitive compensation packages including various generous Samsung benefits and career growth programs.
In this article, we’ll answer the question of “what’s it like to work at Samsung?” We cover Samsung employee benefits, Samsung bonuses, Samsung rewards, and many more awesome perks. One of the biggest business challenges enterprises face today is employee retention, and Samsung is doing its best to make sure employees feel both fulfilled and valued while working for the company. Learn more about how Samsung does this below.
Samsung Overview
Samsung, a South Korean corporation with a wide range of subsidiaries, is headquartered in Samsung Town, Seoul, South Korea. In 1938, the company’s history started when Lee Byung-Chull founded a small trading company that produced noodles and sold basic groceries. It entered the electronics industry in 1960.
Fast forward to today and Samsung Electronics is in the top five on Interbrand’s Best Global Brands list with an impressive company performance and products as iconic as the mobile device Samsung Galaxy. The company now has operations across the world and a wide range of products and services as well as large community outreach programs that aim to help people lead more balanced lives.
Samsung Average Salary, Benefits, and Employee Perks
This section is a discussion of Samsung Electronics’ employee salaries and exclusive benefits. Samsung shows its concern about employees by providing top-rated benefits including insurance in a variety of options and comprehensive health benefits. Transportation reimbursement, subsidized meals, and other perks and discounts are also available. In addition, it offers home, financial, and retirement plans.
Samsung Salaries
According to Payscale, the average salary of Samsung employees is $97,000 per year. Typical compensation ranges from $52,487 to $172,714 on average. The position with the highest average annual salary of $137,343 is senior software engineer, while a process engineer has a lower annual average salary of $87,670.
Samsung Employee Benefits
401(k) Plan
This Samsung benefit supports employees’ financial wellness by saving money for their retirement plan. Samsung employees can save a portion of their salary, and the company will match contributions up to a certain amount. This benefit is only available for US-based employees.
Paid Time Off
Samsung offers generous paid time off (PTO) to its regular and full-time employees. The company has a policy of offering 20 PTO days per year, which increases with tenure. These days are given on top of company holidays. Employees can also encash their days if they do not use them.
Student Loan Support
Samsung helps ease employees’ student loan debt through annual contributions. The company provides its employees with assistance in paying for their student or Parent PLUS loans through SoFi, a Samsung financial partner. Through this partnership, the company launched Samsung Money, a program that offers a cash management account, a physical debit card, and other exclusive benefits.
Health Savings Account
Samsung provides savings funds for its employees’ health care expenses with an impressive tax advantage and investment options. Even better, employees can keep this awesome benefit even if they leave Samsung.
Paid Child Caregiver Leave
Samsung provides parents with paid leave to spend with their newborn or any child needing close attention or care. The policy offers up to twelve weeks of fully paid parental leave.
Samsung Bonuses
According to Payscale, Samsung pays an average of $13,265 annually in employee bonuses. Beneficiaries said that bonuses range from $10,440 to $23,750 per year. Again, Samsung’s senior software engineers get the highest bonuses averaging $23,750 per year, while process engineers get the lowest bonuses, averaging $10,440 a year.
Samsung Employee Discount
Samsung employees and their families enjoy employee discounts, special pricing, and perks on Samsung products and services through Samsung’s Employee Offers Program. Employees have to sign up with their work email address and register to the Employee Offers Program through Samsung’s dedicated site.
Other Samsung Perks
Other Samsung perks include casual dress days, free cell phones, transportation or commuter benefits, and education tuition or certification reimbursement. Comprehensive Samsung health care plans such as medical plans as well as dental and vision insurance are additional benefits for Samsung employees. Incentives such as reimbursement for gym memberships are also part of employee perks.
What’s It Like to Work at Samsung?
At Samsung, you will be working with a team that’s boldly experimenting every day in an effort to make life better for everyone. The Samsung team ensures that its work process gets more and more productive every day. Every employee participates in creating a culture of belonging through networking and mentoring.
On Glassdoor, Samsung has a rating of 3.8 out of 5. Positive employee reviews said that Samsung is a good company with a good salary and top-rated benefits. Negative reviews say that working hours are long and hard.
Samsung Working Environment
Samsung strives to provide a healthy working environment for all of its employees. The company ensures that the working atmosphere at Samsung is harmonious and everyone gets treated like family and friends. Open communication among team members is always encouraged. Samsung invites everyone to participate in contributing ideas for the improvement of the company.
Samsung Work/Life Balance
Samsung’s Work/Life balance has a 3.6 rating out of 5 on Indeed, with many reviewers claiming that work in Samsung is overwhelming. When it comes to Samsung, the trade-off for all great benefits and great compensation is the absence of a great work/life balance. The lack of work/life balance is specifically felt by equipment engineers who are on call 24/7.
How to Work for Samsung
Like any other company, working for Samsung involves challenges. In any case, if you have a positive work attitude, you can never go wrong. Below are some tips to help you work successfully with Samsung with less stress.
- Listening skills. Listening is different from just hearing. The object of listening is to understand what’s heard. It enhances your relationships with your co-workers and improves efficiency at work. You can execute your tasks without errors by being attentive to instructions with your good listening skills.
- Verbal communication. Your verbal communication ability is essential in conveying your ideas clearly, whether to your subordinates or upper management. Verbal communication is a critical skill for a harmonious working environment and to maintain good working relationships with co-workers. At some point, your verbal ability will make or break your pursuit to advance your career or get promoted at work.
- Creativity. It is a vital skill for everyone at work. Employers value employees who can imagine future possibilities for their company. They are essential people for any company’s growth, including Samsung Electronics.
- Leadership. Your leadership skills are important in advancing your career. It is essential to build the ability to motivate co-workers to do their best. When you have the skill to lead and empower others, you become valuable to the company. You will eventually get leadership roles once your skills are noticed.
- Technology. Nowadays, you cannot work without technology. It is already a part of practically all offices. Learning and keeping up with technology, therefore, is essential. Workers will continue to depend on technology and must keep up with the latest trends. So, keep yourself tech-oriented and updated.
Jobs You Can Get at Samsung
| Job Title | Average Salary |
|---|---|
| Samsung Marketing Director | $182,444 |
| Senior Software Engineer | $145,062 |
| Senior Engineer | $134,856 |
| Samsung Sales Manager | $108,389 |
| Clinical Applications Specialist | $95,000 |
| Process Engineer | $81,506 |
| Samsung Field Sales Manager | $63,696 |
| Staff Accountant | $51,500 |
| Samsung Sales Associate | $50,336 |
| Logistics Coordinator | $48,687 |
Should You Get a Job at Samsung?
Yes, a career in Samsung is worth pursuing not only because of the great Samsung employee benefits but because the company offers career growth opportunities. Don’t give up if, on the first attempt, you don’t make it. Your resilience will get noticed, and companies love to have resilient employees. You may also consider attending a coding bootcamp to enhance your tech skills which can be your added qualification.
Samsung Benefits FAQ
Yes, Samsung offers an excellent life insurance program for its employees. The policy pays up to three years’ worth of salary to beneficiaries. It is one of the best insurance coverage policies for company employees.
Samsung provides unique and special offers to its employees on products like cell phones, smart TVs, and other tech devices. In addition, employees are eligible to receive special discounts with Samsung’s partners.
Yes, there are jobs for business professionals at Samsung, such as business development manager, business manager, business director, and other business-focused roles.
For Samsung Electronics corporate employees, financing options such as leading credit cards are available, depending on the country you are working in. Through these, employees enjoy special prices on Samsung products and other perks. Employees can also purchase products with various other financing options, including installment payment options without interest.
About us: Career Karma is a platform designed to help job seekers find, research, and connect with job training programs to advance their careers. Learn about the CK publication.
