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NOVA's Stock
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alexrocks



Joined: 13 Feb 2006
Posts: 75
Location: Kyoto, Japan

PostPosted: Mon Feb 20, 2006 10:11 am    Post subject: NOVA's Stock Reply with quote

I've heard that NOVA's stock has taken a nose dive (30-40% since July) and the company's in trouble. I guess it has to do with the health insurance mess. Anyway, I've heard that student numbers are way down and that the company is working with loan companies which have yakuza connections in order to assist new students in financing their course fees. Also, they're apparently not allowed to go to university job fairs because half their teachers quit within a year.

So I've heard, anyway. For those of you looking for work from abroad, this might not be the company you'd wanna start with in Japan, though most people leave it pretty quick anyway. I sure did!
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wangtesol



Joined: 24 May 2005
Posts: 280

PostPosted: Mon Feb 20, 2006 9:23 pm    Post subject: Reply with quote

The US State Department has also dropped NOVA from their list of job links.

http://exchanges.state.gov/education/engteaching/eal-jobs.htm

The Nova Union proves itself to be one of the most progressive forces in Japan. Man, if you can reach the State Department, you got influence!
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Zzonkmiles



Joined: 05 Apr 2003
Posts: 309

PostPosted: Mon Feb 20, 2006 10:21 pm    Post subject: Reply with quote

WOW. Shocked

Interestingly enough, I've been seeing advertisements on the train from NOVA encouraging new students to sign up for lessons by the end of the month because starting in month, the lesson fee will go up. That's what the posters say.

But let's think about this:

NOVA has cut the starting salary for new teachers from 250,000/month to 220,000/month.

NOVA was hit hard by the health insurance fiasco and then had to find a way to weasel out of it by reducing the amount of teaching hours in order to bring them just below the minimum hours required in order to have its teachers be eligible for the national health insurance plan.

Overtime at NOVA has been severely reduced.

Students who complain about their NOVA lessons are no longer given a free lesson in compensation.

If you are a branch student and your teacher doesn't show up, you are required to take an MM lesson on the spot in place of it.

Admin and staff bonuses have been reduced.

NOVA opened too many schools with too few students that generate too little revenue.

Could it be that NOVA's poor business practices and sketchy working conditions have finally caught up with it? Ex-NOVA students are probably not willing to go back there, and even ex-NOVA teachers are getting the word out that those students are better off studying elsewhere.

I guess NOVA going under is analogous to Roe v. Wade being overturned. It invokes lots of passions, but nobody REALLY expects it to happen. But now I'm not so sure anymore...
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Rorschach



Joined: 25 Mar 2004
Posts: 130
Location: Osaka

PostPosted: Tue Feb 21, 2006 12:39 am    Post subject: Reply with quote

I don't know about branch but overtime at the MM Centre has gone through the roof. Nearly everyday the staff is down on the floor soliciting for overtime which was unheard of a year ago. From what I heard Nova has too many students and not enough teachers to go around. I think Nova tried too hard, too fast to gooble up the market and now it starting to choke on the large number of empty schools it has. I would hope Nova sticks it out. I don't like it's business practices but it isn't a terrible place to work at and a lot of people would be in a bit of trouble if the company folded suddenly.
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yamanote senbei



Joined: 28 Jun 2005
Posts: 435

PostPosted: Tue Feb 21, 2006 1:59 am    Post subject: Reply with quote

Has everyone at the MM Centre gone for the new improved JMA insurance plan?

http://insurancewrongdoings.blogspot.com/
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alexrocks



Joined: 13 Feb 2006
Posts: 75
Location: Kyoto, Japan

PostPosted: Tue Feb 21, 2006 2:56 am    Post subject: Reply with quote

Crap, I use Interglobal! Hopefully in my current job search I'll be able to find something with shakai hoken....
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alexrocks



Joined: 13 Feb 2006
Posts: 75
Location: Kyoto, Japan

PostPosted: Tue Feb 21, 2006 3:00 am    Post subject: Reply with quote

Rorschach wrote:
. . . a lot of people would be in a bit of trouble if the company folded suddenly.


Yeah, and I don't need 5,000 other teachers looking for jobs at the same time as me! Although I guess most would just go home....
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JimDunlop2



Joined: 31 Jan 2003
Posts: 2286
Location: Japan

PostPosted: Tue Feb 21, 2006 4:14 am    Post subject: Reply with quote

Zzonkmiles wrote:

NOVA has cut the starting salary for new teachers from 250,000/month to 220,000/month.


Unless they have already started tackling this issue, I'd say the NOVA union has ANOTHER big fight on their hands: equal pay for equal work in the same bargaining unit. Back home, this alone was enough to cause a strike vote.


NOVA workers: make sure you come out to the March in March to voice your concern over foreign workers' rights!

http://www.eslcafe.com/forums/job/viewtopic.php?t=33710 for details
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Rorschach



Joined: 25 Mar 2004
Posts: 130
Location: Osaka

PostPosted: Tue Feb 21, 2006 4:45 am    Post subject: Reply with quote

alexrocks wrote:
Rorschach wrote:
. . . a lot of people would be in a bit of trouble if the company folded suddenly.


Yeah, and I don't need 5,000 other teachers looking for jobs at the same time as me! Although I guess most would just go home....


Most probably would but if Nova folded there would be a lot more students on the market as well - it would even out. I bought an InterGlobal policy mainly because I am not going to be Japan long enough for Shakai to be of use to me. I just hope my policy lasts the year I paid for, I'll get something better next time around. Regarding new Nova teachers, it is true that they are earning less than older teachers but they aren't doing the same amount of work. Most new teachers are on 34 lesson contracts as opposed to the old 40 lesson contract. Nova did this of course to duck its Shakai responsibilities. The whole situation smells. I wouldn't mind going to that march but it's on a work day for me.
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alexrocks



Joined: 13 Feb 2006
Posts: 75
Location: Kyoto, Japan

PostPosted: Tue Feb 21, 2006 5:01 am    Post subject: Reply with quote

Quote:
Most probably would [go home] but if Nova folded there would be a lot more students on the market as well - it would even out.


Hmm, that may be. Another factor to consider though would be that the students may be discouraged from continuing to study since a significant number of middle-aged Nova students just do it as a hobby. Also, others may not be willing to pay a heap of money to join another school, whether they feel they've been cheated or they just don't have any more cash for English lessons. Though my previous company - which recently went bankrupt - was a member of some association of language schools which allows our students to get free lessons at other schools.

I guess we'll just have to wait and see what happens in Nova's case.
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yamanote senbei



Joined: 28 Jun 2005
Posts: 435

PostPosted: Tue Feb 21, 2006 6:29 am    Post subject: Reply with quote

JimDunlop2 wrote:
NOVA workers: make sure you come out to the March in March to voice your concern over foreign workers' rights!


Here's the direct link. If everyone working for Nova in Fukuoka, Tokyo and Osaka showed up and signed up you'd see some positive changes.

http://nambufwc.org/march-in-march/
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senza_vavoom



Joined: 11 Nov 2005
Posts: 25
Location: Toronto

PostPosted: Thu Feb 23, 2006 6:36 pm    Post subject: THANK GOD NOVA REJECTED ME! Reply with quote

After hearing about this, THANK GOD NOVA REJECTED ME. At first, I was stunned with the rejection letter, bc I had all the right qualifications:

- I am in my M.A. degree ( Grad school ) at U of T
- I have studied French, Italian, Greek in a private school for 10 yrs
- I travelled extensively to the Middle East, Europe and the Mediterrenean
- I also have 5 yrs corporate experience with the largest energy marketer ( I started right after I graduated with my B.A. from U of T at the age of 21 and worked until recently )
- I am also 26 yrs old - very young, very professional.

So, I was shocked when they rejected me bc I thought they truly wanted someone like me. Thank GOD that they rejected me...I hope that the people who just recently got the jobs with NOVA are smart enough to look for another job while out there!
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PAULH



Joined: 28 Jan 2003
Posts: 4672
Location: Western Japan

PostPosted: Fri Feb 24, 2006 12:58 am    Post subject: Re: THANK GOD NOVA REJECTED ME! Reply with quote

Sonja,

If I were NOVA I would say you are overqualified. A bachelors degree is all you need to get a work visa and masters is overkill. You mention in the other thread about the graduate recruitment scheme.

NOVA now has too many students, too many branches and not enough teachers and its my guess they will take anything that has a pulse and can speak English.


Language experience is nice but not mandatory. At least you have experience of learning other languages and know what its like to be a student. Japanese ability is not expected to get a job at NOVA.

If you have corporate experience, how would feel about starting at the bottom in an entry level job in Japan? Sure living in Japan is exotic, but the pay is about 7 pounds an hour. How do you feel about being told what to do by someone not much older than you and less qualified?


NOVA is good for getting your foot in the door and gaining experience and you have to start somewhere. Dont worry too much if you get knocked back (I'm sure you won't) but rejection is all part of the process.



senza_vavoom wrote:
After hearing about this, THANK GOD NOVA REJECTED ME. At first, I was stunned with the rejection letter, bc I had all the right qualifications:

- I am in my M.A. degree ( Grad school ) at U of T
- I have studied French, Italian, Greek in a private school for 10 yrs
- I travelled extensively to the Middle East, Europe and the Mediterrenean
- I also have 5 yrs corporate experience with the largest energy marketer ( I started right after I graduated with my B.A. from U of T at the age of 21 and worked until recently )
- I am also 26 yrs old - very young, very professional.

So, I was shocked when they rejected me bc I thought they truly wanted someone like me. Thank GOD that they rejected me...I hope that the people who just recently got the jobs with NOVA are smart enough to look for another job while out there!
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Zzonkmiles



Joined: 05 Apr 2003
Posts: 309

PostPosted: Tue Feb 28, 2006 8:47 am    Post subject: Reply with quote

For what it's worth, I have recently been told directly by ACTUAL NOVA EMPLOYEES that their semi-annual bonuses have been cut or eliminated altogether. I'm talking about foreign admin AND Japanese staff--workers far more senior than the standard teacher or assistant trainer. Thus, lots of the Japanese staffers are quitting NOVA. I don't know if the foreign staffers are abandoning ship too, but it certainly does seem like things are indeed not going well.
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Nicedog777



Joined: 22 Jun 2005
Posts: 35
Location: Japan.

PostPosted: Thu Mar 02, 2006 2:10 am    Post subject: Reply with quote

Wow. I knew the competition was bad off....but not this bad off.

Ah well. One less thing to worry about as an AEON employee. After all, all those students are going to have to go somewhere.....

Cool
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