Job Discussion Forums

Mr.Kevin · Joined: 23 Oct 2003 Posts: 38 Location: Changsha

When I first arrived in China this time last year there was 5.4 RMB to the Canadian dollar. Now it is about 6.2- 6.3 . The British Pound is at about 14 RMB, which isn't that good either.

Is there any school in China that pays you a guranteed equivalent
to your home currency?

Has anyone else noticed this or am I the only one?

Roger · Joined: 19 Jan 2003 Posts: 9138

Well, that's a risk anyone is taking who hails from one economic territory, and makes money in a second one.
For Chinese employers to peg their expat teachers' salaries to their homecountry's currency would be a step in the wrong direction; this would be kind of unfair, wouldn't it??

struelle · Joined: 16 May 2003 Posts: 2372 Location: Shanghai

Mr.Kevin · Joined: 23 Oct 2003 Posts: 38 Location: Changsha

Thank you for your input.

What about schools that have cooperations with universities in western countries, and offer foundation courses in China for the given school in the West. Yes you are still working in a different country, but technically your working for western school. By this the teacher's salary should be pegged to their home currency.

Are there schools like this in China?

I do know that there are schools that offer foundation courses, and teachers from the western school come over to teach, but I don't know how they get paid.

Roger · Joined: 19 Jan 2003 Posts: 9138

Your best bet is to get paid in a currency of your choice - but few pay you in US dollars.
Just heard the other day from a CHinese friend of mine that her school has an American on their staff who gets paid in US dollars.
The salary is 2000 a month! Good - but not my cup of tea - that guy must put in all of a day fussing over little kids and teaching them English, 5 days a week; probably over 40 hours a week.

wOZfromOZ · Joined: 01 Feb 2003 Posts: 272 Location: Shanghai

MaTE,

the Aussie $'s no better......

Count_Fathom · Joined: 17 Apr 2003 Posts: 92

I work for a school in Dalian that pays Canadian dollars. They do exist, but it's an unordinary situation. The highschool offers a British Columbia high-school diploma upon completion - all core courses are in English, and the staff all have a BC teacher certificate. (I check the conversion rate every day.)

latefordinner · Joined: 19 Aug 2003 Posts: 973

FWIW, the Cdn$ hs laso risen against most other currencies, whereas the yuan rmb has remained fairly stable against the US$. No doubt, we're playing currency roulette. Maybe we should be complaining to someone back home?

Bookworm · Joined: 28 Oct 2003 Posts: 36

In Saudi and Bahrain I was paid in the currency of my choice (I could choose every month, three days before payday). I invariably chose the German Mark, the Swiss Franc, or the Pound Sterling. I see no reason why other countries shouldn't be able to do the same. One area manager I know that works for a chain gets paid in his 'local' currency; he has to, the largest note in China is only a hundred Yuan (!) His trouser pockets would explode if he were paid in that currency! They pay him HK dollars instead (the largest note here is a thousand dollars).

killian · Posted: Mon Nov 03, 2003 5:28 pm Post subject:

RMB are pegged to the US dollar at about 8.2. been there a long time. uncle sammy is trying to get china to let the rmb float but china won't have it. china buys somethin like 800,000,000 US dollars per day in bonds. would you let it float? heck no, it would be like burning your savings account.