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When to collect severance when renewing contract?
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r122925



Joined: 02 Jun 2011

PostPosted: Tue Jun 28, 2011 3:06 pm    Post subject: Reply with quote

monkeymagic wrote:

SO if I ask them to pay they have to pay?

OR if I ask them to pay its at their discretion?


They don't have to pay severance at the end of the contract if you are renewing. The law about severance pay is pretty clear. You get the money when you stop working for them. Some hagwon owners apparently are willing to pay out each year, because it saves them a bit of money in the long run. However there is no legal requirement for them to do so, even if you request it.
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Ramen



Joined: 15 Apr 2008

PostPosted: Tue Jun 28, 2011 3:17 pm    Post subject: Reply with quote

r122925 wrote:
monkeymagic wrote:

SO if I ask them to pay they have to pay?

OR if I ask them to pay its at their discretion?


They don't have to pay severance at the end of the contract if you are renewing. The law about severance pay is pretty clear. You get the money when you stop working for them. Some hagwon owners apparently are willing to pay out each year, because it saves them a bit of money in the long run. However there is no legal requirement for them to do so, even if you request it.


but you can nego the terms of payment before renewing. Razz
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TheUrbanMyth



Joined: 28 Jan 2003
Location: Retired

PostPosted: Tue Jun 28, 2011 6:08 pm    Post subject: Reply with quote

Ramen wrote:
r122925 wrote:
monkeymagic wrote:

SO if I ask them to pay they have to pay?

OR if I ask them to pay its at their discretion?


They don't have to pay severance at the end of the contract if you are renewing. The law about severance pay is pretty clear. You get the money when you stop working for them. Some hagwon owners apparently are willing to pay out each year, because it saves them a bit of money in the long run. However there is no legal requirement for them to do so, even if you request it.


but you can nego the terms of payment before renewing. Razz


Even with that there can be problems.
Either get severance or have it written in the contract that you will be paid within 14 days.
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