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Is it my imagination, or are salaries actually getting lower
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FredDaSked



Joined: 17 Jun 2009
Location: Within You, Without You

PostPosted: Thu Aug 26, 2010 3:09 pm    Post subject: Is it my imagination, or are salaries actually getting lower Reply with quote

Not long ago, many or most places were offering 2.5 minimum, but here's the kind of thing I come across all the time now:

1.Hakwon in Ilsan/Good Working Hours!!(Gyopo teacher wanted!)
-Location : Ilsan, Gyeonggi-Do
-Starting date : 09/22/2010
-Class Level : Elementary to Middle
-Salary : ₩ 2.0~
-Teaching Hours: 2:40pm~8:50pm(MWF), 3:40pm~9:30pm(TT)
-Work Days : Mon-Fri
-Housing : Single
-Vacation : 7days National Holidays days/year
# of Foreign Teachers : 5
Benefits Provided : Round Trip Airfare , Health Insurance(50%) , National Pension Plan , Severance pay

2.Public Middle School Position in Yangju City
-Location : Yangju city, Gyeonggi-Do
-Starting date : 09/30/2010
-Class Level : Middle School Students
-Salary : ₩ 2.0~
-Teaching Hours: 8:30am to 4:00pm
-Class : Middle
-Work Days : Mon-Fri
-Housing : Single
-Vacation : 20days National Holidays days/year
# of Foreign Teachers :1
Benefits Provided : Round Trip Airfare , Health Insurance(50%) , National Pension Plan , Serverance pay

3. Hokwon in Seocho-gu, Seoul (Gangnam area!)
(Qualified Teacher Wanted!)
- Openings : 1
- Location: Seocho-gu, Seoul
- Starting date: 09/25/2010
- Working Hours: 9:00am to 7:00pm
- Salary: 2.2m ~
- Teaching target: Pre-s
- Single housing offered
- Vacation: 10 days National Holidays
- Airfare: round trip
- National pension / health insurance: 50% paid by the school
- Severance: equal to one month salary
- # of foreign teachers: 8

2.5M is the minimum I'll be looking for, my next position, if there is one. It also seems to be the case that reimbursement is winning out over prepaid airfare. Good luck Korean employers and recruiters from here on out!


Last edited by FredDaSked on Thu Aug 26, 2010 3:51 pm; edited 2 times in total
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northway



Joined: 05 Jul 2010

PostPosted: Thu Aug 26, 2010 3:15 pm    Post subject: Reply with quote

I think they'll have significantly more difficulty filling their spots once the new CBC regulations are put in place, at which point I think salaries will go up.
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oldtactics



Joined: 18 Oct 2008

PostPosted: Thu Aug 26, 2010 3:31 pm    Post subject: Reply with quote

Considering how many posts there are here on the boards from people who can't find jobs, I'm fairly certain that they could reduce those to 1.8 and still find people to fill them.
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mmstyle



Joined: 17 Apr 2006
Location: wherever

PostPosted: Thu Aug 26, 2010 3:45 pm    Post subject: Reply with quote

The maximum salary for PS positions in Seoul has been reduced, so from that standpoint, salaries are definitely going down.
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FredDaSked



Joined: 17 Jun 2009
Location: Within You, Without You

PostPosted: Thu Aug 26, 2010 3:54 pm    Post subject: Reply with quote

My first position in Ilsan, 2009 April, was 2.5, and the hours weren't nearly as crazy as some of these I see here. Maybe the privates and public English Zones are trying to see what the traffic will bear. but salaries from 2003-2004 are pretty unbearable.
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LDJS



Joined: 22 Aug 2010
Location: Earth

PostPosted: Thu Aug 26, 2010 7:12 pm    Post subject: Reply with quote

oldtactics wrote:
Considering how many posts there are here on the boards from people who can't find jobs, I'm fairly certain that they could reduce those to 1.8 and still find people to fill them.


Sadly I agree. I have nothing against the S.Africans at all. They do have around 25 - 30% unemplyment though right now so I think a lot of them willing to work for 2.0 or less are driving the salaries down (as well as other factors, I'm not putting them up as a scapegoat lol...)

Not just that of course, but also tons of fresh out of college grads from the US to whom 2.0 and 'an adventure' seems like a good deal, plus how many folks from the Maritimes and rural areas of Canada who don't want to farm, break their back in marine work and live in Mum's spare room any more...?


Couple these with Enlish being a business in Korea more than about the education and you get a saturated market where marketable youth, beauty and willingness to work for low salaries trumps experience with the culture and the industry.

Funny, I wonder just how little those that give the 'I want to get out of the sooul sucking corporate rat race and teach little kiddies in Asia' spiel relaise that they are jumping out of the frying pan into the inferno...
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Peter258



Joined: 18 Dec 2009

PostPosted: Thu Aug 26, 2010 7:15 pm    Post subject: Reply with quote

Most places were offering 2.5 for new teachers...since when?

First time I've ever heard this.

I thought the 2.0 to 2.2 range has been the standard for first year teachers for awhile now.
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LDJS



Joined: 22 Aug 2010
Location: Earth

PostPosted: Thu Aug 26, 2010 7:25 pm    Post subject: Reply with quote

Peter258 wrote:
Most places were offering 2.5 for new teachers...since when?

First time I've ever heard this.

I thought the 2.0 to 2.2 range has been the standard for first year teachers for awhile now.


1st yr non education major / TEFL MA, yes.

2.2 has been the standard for the past 2 years I'd say up from 2.0 from around 2002 - 2008
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FredDaSked



Joined: 17 Jun 2009
Location: Within You, Without You

PostPosted: Thu Aug 26, 2010 7:38 pm    Post subject: Reply with quote

No, really, when I started looking in mid-2008 on the internet from my office chair in Wisconsin, the main thing that encouraged me to come back was the salary. I saw a lot of 2.4 and 2.5, just casually searching. My first job in Nov 2008 was 2.5, Dongducheon. Second, 2.5, Ilsan. Both were privates. Third, public school, where I wanted to be (I thought at the time), 2.3. I just thought the publics, being public, paid on a different scale. And I told them what I had been making, and was offered a raise after a year from "the Company" that placed me in the elementary. I haven't seen it yet, after 13 months. But now, 2.5 is nowhere to be found, except for the rare wealthy schools who compensate by going through teachers rapid-fire.
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FredDaSked



Joined: 17 Jun 2009
Location: Within You, Without You

PostPosted: Thu Aug 26, 2010 7:39 pm    Post subject: Reply with quote

And, Oh yes, I have no TEFL, nothing but my 1987 degree in German from an Iowa private college.
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sendittheemail



Joined: 15 Oct 2008

PostPosted: Thu Aug 26, 2010 8:11 pm    Post subject: Reply with quote

Salaries are going down down down. 1.8 coming soon to a hagwon near you:

http://prestigekorea.blogspot.com/2010/08/can-you-spare-any-change-for-english.html
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Epik_Teacher



Joined: 28 Apr 2010

PostPosted: Fri Aug 27, 2010 3:10 am    Post subject: Reply with quote

sendittheemail wrote:
Salaries are going down down down. 1.8 coming soon to a hagwon near you:

http://prestigekorea.blogspot.com/2010/08/can-you-spare-any-change-for-english.html


And LOTS of Filipinos and Indians willing to take it!
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ldh2222



Joined: 12 Oct 2007

PostPosted: Fri Aug 27, 2010 4:17 am    Post subject: Reply with quote

oldtactics wrote:
Considering how many posts there are here on the boards from people who can't find jobs, I'm fairly certain that they could reduce those to 1.8 and still find people to fill them.


Definitely. Korea's either in a state of transition or... a downward spiral.

3 words for you. China China China! If only I didn't have ties in Korea... Sad
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ontheway



Joined: 24 Aug 2005
Location: Somewhere under the rainbow...

PostPosted: Fri Aug 27, 2010 7:39 am    Post subject: Reply with quote

ldh2222 wrote:
oldtactics wrote:
Considering how many posts there are here on the boards from people who can't find jobs, I'm fairly certain that they could reduce those to 1.8 and still find people to fill them.


Definitely. Korea's either in a state of transition or... a downward spiral.

3 words for you. China China China! If only I didn't have ties in Korea... Sad




We are still in the early stages of the 2nd Great Depression. The US Federal Reserve destroyed the dollar, which has lost 99% of its value due to Fed actions and policies since its inception in 1913. World governments have consumed the world's wealth, created by individuals who worked, saved and invested to accumulate the wealth that allows high salaries for all. The governments have replaced this wealth with debt that must be repaid either through taxes or further erosion of real pay levels and working standards.

This is a worldwide economic disaster caused by a meltdown of socialism. Everyone will have to suffer until we have sense to abolish the socialist system and the debt it has created. As long as we all remain mired in this depression we will have to get used to declining wages and living standards. Yes it is a downward spiral. If you want to survive and prosper you will have to change your way of living. Work hard, live frugally, save, invest, do not waste time, resources or opportunities, hide your wealth from the socialist state, and hold on for a long difficult ride.
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caniff



Joined: 03 Feb 2004
Location: All over the map

PostPosted: Fri Aug 27, 2010 9:46 am    Post subject: Reply with quote

If the difference of a 100,000 won a month is a deal breaker than you should seriously consider what it is that you are doing wrong (like maybe perhaps being in Korea at all in the first place).

I make coin here because I have the visa and the connections (and I'm the man). At the same time, I know good guys here who struggle through the E-2 process and are paid peanuts. I sincerely don't know why they bother.
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