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walter235
Joined: 07 Apr 2011
Location: korea
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 Posted: Mon Apr 25, 2011 4:05 pm Post subject: |
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They took out more than W1 million won this month on various deductions. Some kind of tax of W600k, another deduction of some kind of health something or other, my health insurance went up from W65k to almost W90k, on and on it goes in this BS country. Not to mention the little bastards vandalized my car last week, the school did absolutely nothing.
I'm hating EPIK more and more each day! |
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Skyblue
Joined: 02 Mar 2007
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| Posted: Mon Apr 25, 2011 5:26 pm Post subject: |
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| oldtrafford wrote: |
I can't believe people are working for 2.2 million, people were earning that over 5 years ago. The cost of living has increased so much over those years. You're getting mugged, stop the muggings, you fools.  |
Amen, brother. |
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Draz
Joined: 27 Jun 2007
Location: Land of Morning Clam
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| Posted: Mon Apr 25, 2011 5:57 pm Post subject: Re: Calculate your hourly wage. |
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| Tigerstyleone wrote: |
Take your annual salary and divide that by 2080.
2080 is the number of working hours in a year if you work 8 hours a day, 5 days a week.
That's the only way. |
What if you don't work 8 hours a day, 5 days a week? And what about vacation? Don't you have two weeks of vacation at your hagwon?
I've attempted to calculate my hourly wage a few times and in a few different ways. I've come up with a huge range of possibilities (difference of 40,000k/hour between the highest and lowest) depending on whether I count prep, office hours, before or after tax, housing, overtime, etc.
My contract actually states how many class hours I have to teach per year and how many hours I have to spend sitting around the office. It's a lot less than 2080, I'll tell you that much. |
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abigolblackman
Joined: 06 Jun 2009
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| Posted: Mon Apr 25, 2011 6:39 pm Post subject: |
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| Or, you know, get a job that pays you per hour. |
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Tigerstyleone
Joined: 01 Feb 2009
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| Posted: Mon Apr 25, 2011 9:04 pm Post subject: Re: Calculate your hourly wage. |
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| Draz wrote: |
| Tigerstyleone wrote: |
Take your annual salary and divide that by 2080.
2080 is the number of working hours in a year if you work 8 hours a day, 5 days a week.
That's the only way. |
What if you don't work 8 hours a day, 5 days a week? And what about vacation? Don't you have two weeks of vacation at your hagwon?
I've attempted to calculate my hourly wage a few times and in a few different ways. |
That's why the accounting best practices uses one formula of 2080 hours per year if you are a salaried employee even if you don't work exactly 8 hours a day, 5 days a week. It doesn't matter if you have 2 weeks paid vacation or 5 weeks paid vacation.
Simply divide your annual salary by 2080. (you can include your bonus and pension if you want to your annual salary)
But you can't break down the hours by months like most people think.
Not every month has exactly 4 weeks which is what people like to do.
Also some months have 30 days and some have 31. Some months have more weekends than others too. You can only use 2080 hours per year to get an accurate total of your hourly wage and you can use these results to compare accross all industries. |
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thegadfly
Joined: 01 Feb 2003
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| Posted: Mon Apr 25, 2011 9:51 pm Post subject: |
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...as I have told you numerous times, Tigersstyleonedrumtobeat, the 2080 work year doesn't work unless you have a 9-5, 40 hour a week job assumption, which most people here do not.
My base contract states 23 class hours a week. My classes are blocked together, so I do not have down time between them. I am expected to do preparation and check homework, but I can easily get that work done in about 2 hours a day, 5 days a week -- and I also eat my lunch during that time, so it is probably closer to 90 minutes a day...so at most, 33 hours a week.
33 X 52 = 1716.
I have 6 weeks of paid vacation -- I do not work for 6 of those 52 weeks. I actually work 46 weeks a year.
33 X 46 = 1518.
I don't work any red day, though depending on my schedule, the red days may not all fall on my work days, so I figure I get 8 - 10 of them, the others fall on non-work days for me...so figure one less work week.
33 X 45 = 1485.
Your "best practice" overestimates my time at work by 595 hours -- a fairly significant error.
In a 40-hour-a-week salaried job in the US, you may indeed be right. For hakwon teachers that are not required to desk-warm to get up to 40 a week, you are quite wrong, as I have pointed out to you twice now.
Do you get royalties on people using the 2080 number or something, or are you just trying to "prove" you are smart? 2080 is wrong -- incorrect, inaccurate, misleading, invalid, unreliable, and imprecise. Wrong. Not a best practice. Get over it. |
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Tigerstyleone
Joined: 01 Feb 2009
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| Posted: Tue Apr 26, 2011 8:12 am Post subject: |
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| thegadfly wrote: |
... done in about 2 hours a day, 5 days a week -- and I also eat my lunch during that time, so it is probably closer to 90 minutes a day...so at most, 33 hours a week.
33 X 52 = 1716.
I have 6 weeks of paid vacation -- I do not work for 6 of those 52 weeks. I actually work 46 weeks a year.
33 X 46 = 1518.
I don't work any red day, though depending on my schedule, the red days may not all fall on my work days, so I figure I get 8 - 10 of them, the others fall on non-work days for me...so figure one less work week.
33 X 45 = 1485.
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33x52 = 1716
33x46 = 1518
33x45 = 1485
Hilarious..
Let's keep deducting hours to inflate your ego, I mean hourly wage.
Hey you didn't count the time between classes. If you have a 10 minute break between classes that's about 40 or 50 minutes per day X 5 days a week that is another 200 hours or so you can deduct from your formula which will increase your hourly numbers.
28x45 = 1250
oh don't forget holidays
24x44 = 980
Jesus, You make 150,00 per hour....
Don't forget to tag on the time you spend in the toilet.
22X44 = 750
Oh my god, you make 180,000 per hour.
Your formula keeps changing and changing and we can keep deducting time if we count the minutes....
12X44 = 500
You make close to 200,000 per hour. You're the smartest and best EFL teacher in the world.
No one works exactly 8 hours a day 5 days a week 52 weeks a year, but this is the only formula to compare hours to hours and wages to wages across all industries.
I'm done with this thread. You can reply but I won't even check it. |
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thegadfly
Joined: 01 Feb 2003
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| Posted: Tue Apr 26, 2011 12:08 pm Post subject: |
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| Tigerstyleone wrote: |
| thegadfly wrote: |
... done in about 2 hours a day, 5 days a week -- and I also eat my lunch during that time, so it is probably closer to 90 minutes a day...so at most, 33 hours a week.
33 X 52 = 1716.
I have 6 weeks of paid vacation -- I do not work for 6 of those 52 weeks. I actually work 46 weeks a year.
33 X 46 = 1518.
I don't work any red day, though depending on my schedule, the red days may not all fall on my work days, so I figure I get 8 - 10 of them, the others fall on non-work days for me...so figure one less work week.
33 X 45 = 1485.
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33x52 = 1716
33x46 = 1518
33x45 = 1485
Hilarious..
Let's keep deducting hours to inflate your ego, I mean hourly wage.
Hey you didn't count the time between classes. If you have a 10 minute break between classes that's about 40 or 50 minutes per day X 5 days a week that is another 200 hours or so you can deduct from your formula which will increase your hourly numbers.
28x45 = 1250
oh don't forget holidays
24x44 = 980
Jesus, You make 150,00 per hour....
Don't forget to tag on the time you spend in the toilet.
22X44 = 750
Oh my god, you make 180,000 per hour.
Your formula keeps changing and changing and we can keep deducting time if we count the minutes....
12X44 = 500
You make close to 200,000 per hour. You're the smartest and best EFL teacher in the world.
No one works exactly 8 hours a day 5 days a week 52 weeks a year, but this is the only formula to compare hours to hours and wages to wages across all industries.
I'm done with this thread. You can reply but I won't even check it. |
Naw, Tiger, I took you through the math, since you seem to have major trouble with it -- your 2080 number comes from 52 weeks times 40 hours a week. You keep touting it, even though I, and several others, have explained that we do NOT work 52 weeks a year...and that many people do not work 40 hours a week, even WITH prep time considered (though I do admit that some folks here do, and some folks here work in excess of 40 hours a week...).
I work about 33 hours a week for my base salary, and I work 43-45 weeks a year, depending on when holidays fall -- I went with the high rather than the average, so as to give you as much leeway as possible. Your math is more than 600 hours too high. Sorry if using multiple equations confused you -- I explained what they were, but I guess the mixing of math and English can be confusing, especially when one of them seems to give you so much trouble.
I ADDED time to my schedule, to give you the largest possible number -- I did not deduct every nickel-and-dime break. If I were trying to lowball you, I would have posted 989 hours -- 23 a week, times the 43 weeks I work when red days fall right.
You have someone else prepare your taxes, right? It is prolly worth it to have someone else do your math for you. |
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Juregen
Joined: 30 May 2006
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| Posted: Wed Apr 27, 2011 4:44 pm Post subject: Re: Calculate your hourly wage. |
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| Tigerstyleone wrote: |
I've seen many posts where people try to calculate their hourly wage and are wrong. They just assume that every month has 4 weeks and fabricate some formula based on that and its wrong.
Take your annual salary and divide that by 2080.
2080 is the number of working hours in a year if you work 8 hours a day, 5 days a week.
That's the only way.
If you have a contract for 2 million a month that is 24 million a year divided by the working hours in a year 2080 then you are earning 11,530 per hour..
I've never actually taught any one hour classes, so I don't even think in terms of hours. I think in terms of pay per class.
But I wanted to make this point. thanks. |
And you forget plane ticket, housing, pension and so many other little things that makes up your compensation |
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Skyblue
Joined: 02 Mar 2007
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| Posted: Wed Apr 27, 2011 8:04 pm Post subject: |
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| All true, but if you're earning 2.1 million, you're still getting mugged. |
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West Coast Tatterdemalion
Joined: 31 Aug 2010
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| Posted: Thu Apr 28, 2011 6:38 am Post subject: |
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haha..yeah, this thread means something to you Tiger. Of course it does. Otherwise you wouldn't have bothered to say "I'm not even going to check it." Basically, you've acknowledged that you lost the argument and that you were wrong. Quite funny  .
Oh, and I agree, 2.1 million is garbage. That was what my wage was a few years ago. |
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Tigerstyleone
Joined: 01 Feb 2009
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| Posted: Thu Apr 28, 2011 8:32 pm Post subject: Re: Calculate your hourly wage. |
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[/quote]
And you forget plane ticket, housing, pension and so many other little things that makes up your compensation[/quote]
You can't include plane ticket and housing as those are cost avoidence.
You don't pay for these things, but they are not income.
You can include your pension and bonus to your annual salary as it is earned income.
And No I don't care about this thread. I just refuse to argue with Gladfly. |
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nukeday
Joined: 13 May 2010
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| Posted: Thu Apr 28, 2011 10:08 pm Post subject: |
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you can definitely include housing. it's something everyone normally has to pay for as an adult.
i disagree with including flights though. that's a cost incurred coming to korea. |
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thegadfly
Joined: 01 Feb 2003
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| Posted: Thu Apr 28, 2011 10:18 pm Post subject: Re: Calculate your hourly wage. |
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| Tigerstyleone wrote: |
You can include your pension and bonus to your annual salary as it is earned income.
And No I don't care about this thread. I just refuse to argue with Gladfly. |
You aren't arguing with me -- you are arguing with math. The numbers you chose were wrong in my case -- they are right in other cases (like, if one works in a public school with required desk warming that brings one up to 40 hours a week, or possibly more).
Instead of being happy with "for folks that desk-warm, use 2080 to calculate..." you had to go with "everyone must use 2080 -- accountants use it, and if you don't use it, you obviously don't know as much as me!"
I told you when you were right, and I told you when you were wrong. Sorry that you don't like to be wrong, but it happens. Get over it. |
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Hyeon Een
Joined: 24 Jun 2005
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| Posted: Fri Apr 29, 2011 11:22 pm Post subject: |
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The OPs method is stupid.
I divided my contractually required work hours per year by my annual salary.
Mine is 120k/hour.
I wish my overtime rate was something like this haha. |
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