Korean Job Discussion Forums

[Skippy]

Shawner_88 have you taken any accounting classes in school. I mean basic.

Lets See off the top of my head (and including my previous examples)

rent (School and your apartment)
utilities -electricity
cleaning lady
advertising
loans - loans taken out to start the school up.
supplies -White Boards, Teaching Books, Chalk, Paper for Photocopier
books - Books for the students if the school uses premade books. Most schools make a little profit from selling books - but I believe minimal
salaries -
bus- and stuff that goes with bus like gas and driver.
--
Interest - Interest on Loans and That
Taxes - Building, Salary, Land,
Pension - (As if you employer is paying but maybe he or she is).
Health insurance for you (once again if they paying)
Advertising - Pamphlets, Freebies,
Money spent aquiring a foreign teacher - plane ticket, recruiter, visa fees.
Bribes - Welcome to Korea. Your school likely needed to grease the wheels once or twice. Anything to keep the Education Board of the schools ass to Immigration being a bit quicker with the Blue Sheet.
Big Ticket items like TVs/VCRs/Computers for the school.
Incidentals - meaning buying dinner for the teachers one day to getting a door fixed.

As in any business there are ways to save money. And as if the schools owner are running the business/school well they will save money and make money.

lets not forget the adage do not count your chickens before they are hatch. Students come and go, students are late paying, students do not pay. So that 150 flucuates I bet from 130 to 160. So once month your are making a good profit but winter season comes and you are bang in the red.

And Hagwons are not schools, they are business they are in it for the money and teaching is incidental. It sounds like you want to spread the wealth - sounds very socialistic of you.

If the K teachers do not like the pay they can leave. They can all threaten to leave. If the school like and does not want to loose the teachers they will pay.

Time and again you hear people complain about some big company paying shit wages. And why do they not raise wages. Simply put the people accept the wage. Sometimes people do not like it and try and Unionize which is fair. But once again people do not change becuase they are afraid to loose their job.

Skippy the Evil Twin

[shawner88]

Nice try but my boss pays pays almost nothing of what you listed had you bothered to read my last post before jumping: