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ESL and the failing global economy
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Mike_2007



Joined: 24 Apr 2007
Posts: 349
Location: Bucharest, Romania

PostPosted: Wed Jan 28, 2009 8:10 am    Post subject: Reply with quote

I've lost one major corporate client. They weren't having particular problems here in Romania but they are part of a global group so they've had to freeze any kind of training for the moment. On the other hand, I've had about four or five requests for private lessons which leads me to suspect some of the comments above are true: companies are cutting budgets while professionals are honing their language skills (to be more competitive in the job market or to prepare for a move abroad).

I was well prepared for this recession in three ways (partly luck, partly planned). Firstly I bought a property in 2006 so I can pretty much survive on a few hours a week. Secondly I raised my hourly rates last summer, something I probably wouldn't get away with at the moment had I delayed. Finally I've managed to save a substantial wedge over the last two years.

I can see things becoming problematic here after the summer. Most of my existing clients/students have been with me for 2-3 years, so it's kind of getting near the time when they would end classes, recession or not. Also I think the effects of the recession will start being felt more here in the second half of the year.
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jonniboy



Joined: 18 Jun 2006
Posts: 751
Location: Panama City, Panama

PostPosted: Wed Jan 28, 2009 11:46 am    Post subject: Reply with quote

Mike_2007 wrote:
I've lost one major corporate client. They weren't having particular problems here in Romania but they are part of a global group so they've had to freeze any kind of training for the moment. On the other hand, I've had about four or five requests for private lessons which leads me to suspect some of the comments above are true: companies are cutting budgets while professionals are honing their language skills (to be more competitive in the job market or to prepare for a move abroad).


Things here have been a bit rocky for longer than many other places this means I've been saving to prepare for the worst. The Latvian government cut the training budget for state institutions at the start of last year and I lost a biggie with a state institution which had provided me with nine hours work in January 2008. But ironically some of the cuts have helped. In two companies where I was doing groups through a language centre, a major bank and a state institution, they decided that they wouldn't be able to continue to pay for the classes for their workers. Some of the students then decided to continue with me privately, in the case of the state institution the whole group of four students will pay me directly, so that's good news. On the negative side a number of privates have recently vanished either in two cases because they've found jobs (!) after being unemployed and no longer have the time so we'll see how it all pans out.
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GeorgiaGirl



Joined: 17 Nov 2008
Posts: 5
Location: Georgia, USA

PostPosted: Sat Jan 31, 2009 6:12 pm    Post subject: Reply with quote

I am glad I found this post. I was about to begin a new one asking about the economic crisis related to teaching English abroad. I am a newbie and was recently accepted to a TEFL program in Prague but have deferred for now to see what kind of affect the economy has on teaching positions. It seems the opinion is that some jobs are being cut, some language schools are closing but we are seeing a slight increase in private sessions? I guess I am just trying to decide if I should begin my TEFL career now or wait a few more months and see what happens? Any thoughts? Thanks!
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Guy Courchesne



Joined: 10 Mar 2003
Posts: 9650
Location: Mexico City

PostPosted: Sat Jan 31, 2009 6:22 pm    Post subject: Reply with quote

Starting to feel the bite in Costa Rica with some major corporate clients cutting back on EFL training for staff...I hope it doesn't last long...
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Never Ceased To Be Amazed



Joined: 22 Oct 2004
Posts: 3500
Location: Shhh...don't talk to me...I'm playin' dead...

PostPosted: Sat Jan 31, 2009 6:28 pm    Post subject: Reply with quote

I've been watching this thread for a while. If you haven't already, upgrade your creds an' come to the sunny, sunny Gulf...an' I'm not talking 'bout the Gulf of Fonseca!
We're recession proof! Embarassed

NCTBA
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Vanica



Joined: 31 Aug 2006
Posts: 368
Location: North Carolina

PostPosted: Wed Feb 11, 2009 6:07 pm    Post subject: Reply with quote

ESL teachers being pushed out in the public schools in North Carolina.
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Vanica



Joined: 31 Aug 2006
Posts: 368
Location: North Carolina

PostPosted: Thu Feb 12, 2009 1:24 am    Post subject: Reply with quote

Never Ceased To Be Amazed wrote:
I've been watching this thread for a while. If you haven't already, upgrade your creds an' come to the sunny, sunny Gulf...an' I'm not talking 'bout the Gulf of Fonseca!
We're recession proof! Embarassed

NCTBA


Did you see this article? There are 3000 abandoned cars at Dubai airport, left by foreigners who have a month to flee the country after their visas expire when they lose their jobs. (I hope I summarised the story correctly. See the article from the New York Times below.)

http://www.nytimes.com/2009/02/12/world/middleeast/12dubai.html?_r=1&ref=world
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scot47



Joined: 10 Jan 2003
Posts: 15343

PostPosted: Thu Feb 12, 2009 7:57 am    Post subject: Reply with quote

The building boom in Dubai has been affected by the crisis. Here in KSA I see no sign of recession. Well, the number of applications from would-be teachers of EFL is growing on my boss's desk.

You know ,"I have spent 10 years workins as an investment advisor and now I am seeking a meaningful change in career direction."
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Kootvela



Joined: 22 Oct 2007
Posts: 513
Location: Lithuania

PostPosted: Sat Feb 14, 2009 6:06 pm    Post subject: Reply with quote

I still have many private students. I think people will need to learn English even more because of staying competitive on the job market. Our national labour market doesn't offer language courses because they 'want to retain people inside the country and not to invest in them so that they go abroad soon after'. So the demand for private classes is high. I now work 60min for less money than for 90min but that makes both sides happy.
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