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maddog
Joined: 08 Dec 2005
Location: Daegu
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 Posted: Fri Mar 06, 2009 11:50 pm Post subject: Korea hit hard by recession |
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I'm looking to come back to Korea, and have been sending out loads of CVs. One thing that keeps coming up is that my salary expectation is too high. How much am I asking for? 2.4M minimum. That's exactly what I was earning in my last job. I have three years experience, two of which are in Korea. At my last job I was HFT and would have no trouble getting a good ref. Do I need to work on my CV, or are Korean employers trying to offer lower salaries these days? There's no way I'm coming back to Korea for less than 2.4M, especially with the Won being so weak.
MD |
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marlow
Joined: 06 Feb 2005
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| Posted: Sat Mar 07, 2009 12:35 am Post subject: |
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This is hilarious. You should accept 1.8M because their business is hurting. I mean, $8 an hour plus a free shoebox is a great deal.
If business is hurting I think they are SOL and folks should high-tail it outta here. |
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sarbonn
Joined: 14 Oct 2008
Location: Michigan
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| Posted: Sat Mar 07, 2009 1:08 am Post subject: |
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| I was recently contacted by a bunch of different places that were all offering 2.5 to 2.9 M per month. They're paying it. You're just finding a bad selection where you're looking right now. |
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Big Mac
Joined: 17 Sep 2005
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| Posted: Sat Mar 07, 2009 1:49 am Post subject: |
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| The recruiters just know it is easier to find a job at a lower amount than that. They don't want to work very hard, so they're trying to get you to lower your expectations. Just spread your net wide and you'll find something for that amount or better. |
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Juregen
Joined: 30 May 2006
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| Posted: Sat Mar 07, 2009 3:16 am Post subject: |
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Economics is very simple
You want 2.4, they want to pay 1.8, so no deal.
Keep sending CV's and you might bump into someone who might pay 2.4.
Everyone is aware that America in the last four months has lost over 2.000.000 jobs ....
This means wages will drop, there are enough grads out there that need to pay their bills, even with the current exchange rate .... |
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Juregen
Joined: 30 May 2006
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| Posted: Sat Mar 07, 2009 3:18 am Post subject: |
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| sarbonn wrote: |
| I was recently contacted by a bunch of different places that were all offering 2.5 to 2.9 M per month. They're paying it. You're just finding a bad selection where you're looking right now. |
Maybe your Qualifications are higher and being in Korea gives them certainty you are not running away. |
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rac118
Joined: 23 Feb 2009
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| Posted: Sat Mar 07, 2009 4:16 am Post subject: |
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| sarbonn wrote: |
| I was recently contacted by a bunch of different places that were all offering 2.5 to 2.9 M per month. They're paying it. You're just finding a bad selection where you're looking right now. |
right.
your title though is a totally different issue. if ever a place was a house of cards its korea. ive lived in some pretty nice areas in my life and ive only seen one Bently. in the last 3 months ive seen 2 near where i live. one driving down a narrow street with potholes.
its just a matter of time but the point is, even if this place goes under, you dont have to stay. |
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Tobias
Joined: 02 Jun 2008
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| Posted: Sat Mar 07, 2009 4:32 am Post subject: |
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| Big Mac wrote: |
| The recruiters just know it is easier to find a job at a lower amount than that. They don't want to work very hard, so they're trying to get you to lower your expectations. Just spread your net wide and you'll find something for that amount or better. |
So true. They love to use the line "there are no jobs that pay that much."
I'd increase my asking price to around 2.8 or 2.9 with plane rides paid, et al.
Never compromise. When you sell yourself cheaply, your employer will expect the guy coming behind you to settle for what you're willing to settle for. That guy may be me. |
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maingman
Joined: 26 Jan 2008
Location: left Korea
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| Posted: Sat Mar 07, 2009 7:08 am Post subject: . |
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My f/t job at a hakwon.. 5 months ago, I was getting 2.4 and way less than that at BOTH the other two jobs, one of which was a middle (PS)
Also as my reply 
Posted: Wed Oct 01, 2008 6:57 pm Post subject: .
Personally, I feel that threads like this should never be started. I mean, just what bizzness is it to you what others monthly salaries are?
yep  agree |
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rac118
Joined: 23 Feb 2009
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| Posted: Sat Mar 07, 2009 7:09 am Post subject: |
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| Tobias wrote: |
| Big Mac wrote: |
| The recruiters just know it is easier to find a job at a lower amount than that. They don't want to work very hard, so they're trying to get you to lower your expectations. Just spread your net wide and you'll find something for that amount or better. |
So true. They love to use the line "there are no jobs that pay that much."
I'd increase my asking price to around 2.8 or 2.9 with plane rides paid, et al.
Never compromise. When you sell yourself cheaply, your employer will expect the guy coming behind you to settle for what you're willing to settle for. That guy may be me. |
ive met some guys here that i definately thought were homeless at some point. i think "tobias" has had some problems. |
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twaddle
Joined: 08 Jan 2009
Location: seoul
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| Posted: Sat Mar 07, 2009 7:22 am Post subject: |
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| sarbonn wrote: |
| I was recently contacted by a bunch of different places that were all offering 2.5 to 2.9 M per month. They're paying it. You're just finding a bad selection where you're looking right now. |
It is all about the league.
I just got off the phone with an old co-worker (F-2 status) who secured an in-house co. job for 4.5 per month (splits) about 2 months ago and it's swimming. He's happy,...I'm trying to get in....they're selectively hiring a few more. |
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berrieh
Joined: 10 Feb 2009
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| Posted: Sat Mar 07, 2009 2:13 pm Post subject: Re: Korea hit hard by recession |
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| maddog wrote: |
I'm looking to come back to Korea, and have been sending out loads of CVs. One thing that keeps coming up is that my salary expectation is too high. How much am I asking for? 2.4M minimum. That's exactly what I was earning in my last job. I have three years experience, two of which are in Korea. At my last job I was HFT and would have no trouble getting a good ref. Do I need to work on my CV, or are Korean employers trying to offer lower salaries these days? There's no way I'm coming back to Korea for less than 2.4M, especially with the Won being so weak.
MD |
I'd imagine it'd depend how many hours you were willing to work for it, but I'm a newbie to Korea (decent English/Ed background) and found many offers in that range. A few schools warned me about the bad economy, the surplus of teachers they were expecting, and suggested I drop my asking price. I didn't. I also specifically looked for schools that seemed more "recession proof." Hard to do from overseas, of course, and I'm not pretending I did a perfect job of it. (We'll see eventually.)
Sure, times are tough everywhere, but with the won low, I think everything cancels each other out. I wouldn't expect people to make a mad dash to Korea and figure there was a greater surplus. Since you've survived Korea before, I'd think you'd be a safer bet, thus much more in demand. |
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Tobias
Joined: 02 Jun 2008
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| Posted: Sat Mar 07, 2009 8:44 pm Post subject: |
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| rac118 wrote: |
....
ive met some guys here that i definately thought were homeless at some point. i think "tobias" has had some problems. |
Well shit. Maybe I'd ask for 3.2. |
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CasperTheFriendlyGhost
Joined: 28 Feb 2007
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| Posted: Sat Mar 07, 2009 11:27 pm Post subject: |
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| I went from 2.0 to 2.4 a couple months ago. There wasn't even a negotiation. I should have asked for more. |
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michaelambling
Joined: 31 Dec 2008
Location: Paradise
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| Posted: Sun Mar 08, 2009 5:21 pm Post subject: |
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| rac118 wrote: |
| sarbonn wrote: |
| I was recently contacted by a bunch of different places that were all offering 2.5 to 2.9 M per month. They're paying it. You're just finding a bad selection where you're looking right now. |
right.
your title though is a totally different issue. if ever a place was a house of cards its korea. ive lived in some pretty nice areas in my life and ive only seen one Bently. in the last 3 months ive seen 2 near where i live. one driving down a narrow street with potholes.
its just a matter of time but the point is, even if this place goes under, you dont have to stay. |
I have never seen a more random, illogical post in my life. Bentlys, potholes, house of cards--this has something to do with being offered 2.4 in a hagwon? WTF? |
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