| View previous topic :: View next topic |
| Author |
Message |
grandpa
Joined: 19 Oct 2009
|
 Posted: Mon Oct 11, 2010 1:39 pm Post subject: Can You Have 11 Month Contracts? |
 |
|
If you start at a new school ~one month after the semester starts (late September), then can you ask for an 11 month contract when you renew the following year, so that when you leave the school after the renewal you can join another school before the semester starts?
If it is possible, then do you lose out on the "perks" (i.e. severance, airfare . . .)? |
|
| Back to top |
|
 |
northway
Joined: 05 Jul 2010
|
| Posted: Mon Oct 11, 2010 2:48 pm Post subject: |
|
|
| If you're re-signing with the same school you can sign for whatever length of time you and your boss agree on. |
|
| Back to top |
|
|
jonpurdy
Joined: 08 Jan 2009
Location: Ulsan
|
| Posted: Mon Oct 11, 2010 3:52 pm Post subject: |
|
|
| But, if it's less than a full year you lose out on severance. |
|
| Back to top |
|
|
OculisOrbis
Joined: 17 Jul 2006
|
| Posted: Mon Oct 11, 2010 4:30 pm Post subject: |
|
|
If you re-sign for 11 months after your initial 12 months, you lose out on severance for those 11 months if you take the severance payment for the first year when you re-sign.
If you dont take the severance payment for your first year when you re-sign, you are entitled to severance for the ENTIRE period you worked - 23 months.
Severance is calculated by finding your average daily wage for the last 3 months of employment (including overtime) and multiplying it by the total number of days you were employed. |
|
| Back to top |
|
|
thegadfly
Joined: 01 Feb 2003
|
| Posted: Tue Oct 12, 2010 5:38 am Post subject: |
|
|
I think you missed a step in there, Occulus -- average daily wage in the last 3 months times the number of days I have been employed? That would be total wages earned in all the days employed -- you must mean that amount times some pro-rated percentage or fraction.
How about 1 and eleven-twelfths months wages, based on the average of the last three months...no less confusing, but possibly closer to accurate.... |
|
| Back to top |
|
|
OculisOrbis
Joined: 17 Jul 2006
|
| Posted: Tue Oct 12, 2010 7:01 am Post subject: |
|
|
Yes, that was terrible math on my part. Here's the offical calculation method with an example:
| Carla wrote: |
This was posted on the Ministry of Labor website on JUNE 4, 2009, so it is the most up to date thing I could find.
1. Pursuant to the Employee Retirement Benefit Security Act, an employer shall pay workers
who retire 30 days or more of average wages for each year of their consecutive service as
retirement pay within 14 days from the date on which there occurs a cause for the payment.
○ Calculation of retirement pay
- Statutory retirement pay = daily average wage � 30 (days) �
(total days of service/ 365)
So, for 2mil won, average daily wage is ...66,667.
So, let's say you worked 18 months. That's... 548 days.
(rounding out to whole numbers)
(66,667) x 30 x (548/365)
(66,667) x 30 x (1.5)
====== w 3,000,015
|
|
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
