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relaxed111
Joined: 26 Feb 2006
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 Posted: Sun Jun 28, 2009 5:46 pm Post subject: New Contracts - No airfare |
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I signed my new Incheon public school contract last week.
Interesting, now there is no airfare. But, there is a new entry and exit allowance of 1,300,000 won for each. Is this enough for you to get home? For me it is at the limit as I use Halifax, N.S as my home city before. I think this will mean that we do not have to prove about our flights and costs to Korea with this method.
We still get a completion of contract bonus of 2,000,000 won, but it is no longer equal to what we make in a month.
There is a resign bonus thourh of 2,000,000 so that is cool, but if you get that you do not get the 1,300,000 won entry allowance...cheap bastards. Sorry, but with the won on the roller coaster that it has been I have lost money on this last contract, especially with the money I saved here in won, so I would like some back.  |
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cruisemonkey
Joined: 04 Jul 2005
Location: Hopefully, the same place as my luggage.
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| Posted: Sun Jun 28, 2009 5:55 pm Post subject: |
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The W2,000,000 is NOT a bonus for re-signing. It's a Renewal Allowance that replaces round-trip airfare.
Not a bonus.
Not a bonus.
Not a bonus.
Not a bonus.
Not a bonus.
Not a bonus. |
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relaxed111
Joined: 26 Feb 2006
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| Posted: Sun Jun 28, 2009 6:06 pm Post subject: |
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Sob sob sob, getting home is expensive...but in 4 years have not gone back at all.
Be to on at least 12 different flights on my vacations and weekends here. But, nevertheless does cut my money down.
And it would be nice to get my copy of my contract back from them. |
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egrog1717
Joined: 12 Mar 2008
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| Posted: Sun Jun 28, 2009 6:36 pm Post subject: |
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| cruisemonkey wrote: |
The W2,000,000 is NOT a bonus for re-signing. It's a Renewal Allowance that replaces round-trip airfare.
Not a bonus.
Not a bonus.
Not a bonus.
Not a bonus.
Not a bonus.
Not a bonus. |
+1
+1
+1
+1
+1
+1
+1
lol... Not a bonus! |
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lifeinkorea
Joined: 24 Jan 2009
Location: somewhere in China
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| Posted: Sun Jun 28, 2009 7:32 pm Post subject: |
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| I don't see that as a bad deal. I would rather have the money than the airlines taking it. |
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Chet Wautlands
Joined: 11 Oct 2008
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| Posted: Sun Jun 28, 2009 7:55 pm Post subject: |
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| Is the 2,000,000 won a resigning bonus? |
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gregoriomills
Joined: 02 Mar 2009
Location: Busan, Korea
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| Posted: Sun Jun 28, 2009 8:06 pm Post subject: |
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| Chet Wautlands wrote: |
| Is the 2,000,000 won a resigning bonus? |
YES, it is. |
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Chet Wautlands
Joined: 11 Oct 2008
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| Posted: Sun Jun 28, 2009 8:44 pm Post subject: |
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| gregoriomills wrote: |
| Chet Wautlands wrote: |
| Is the 2,000,000 won a resigning bonus? |
YES, it is. |
Thanks! |
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travelnguy
Joined: 27 Sep 2007
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| Posted: Sun Jun 28, 2009 8:48 pm Post subject: |
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| so under the new contracts you get a 1.3 exit allowance and a 2.0 re-signing bonus? If that's correct, the new contracts are much better. Is that correct though? I have been hearing mixed interpretations. |
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Chet Wautlands
Joined: 11 Oct 2008
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| Posted: Sun Jun 28, 2009 8:52 pm Post subject: |
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| It adds up to 3.3 million I'm pretty sure. Is that taxed? |
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harlowethrombey
Joined: 17 Mar 2009
Location: Seoul
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| Posted: Sun Jun 28, 2009 9:23 pm Post subject: |
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