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Severance Bonus not stated in contract.

 
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tran.huongthu



Joined: 23 May 2011

PostPosted: Fri Jul 01, 2011 12:56 am    Post subject: Severance Bonus not stated in contract. Reply with quote

So I went to sign on for another year today but my employer I noticed too the section where it talks about receiving the severance bonus out. When I asked him about it he said that it was because it was required of them by Korean Labor law so there was no need to put it in the contract.

I was just wondering if this was true or not because I had heard some rumors that severance pay was no longer part of Korean law but instead up to the schools to decide.
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cincynate



Joined: 07 Jul 2009
Location: Jeju-do, South Korea

PostPosted: Fri Jul 01, 2011 1:19 am    Post subject: Reply with quote

It is still part of the Korean labor law. However, I would not sign any contract where this bonus is not stated. Tell your boss that if it is part of the law, what is the harm of not stating it directly in your contract. Don't sign it unless he explictly states that there will be a one month bonus at the completion of the contract.
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Allthechildrenareinsane



Joined: 23 Jun 2011
Location: Lost in a Roman wilderness of pain

PostPosted: Fri Jul 01, 2011 2:36 am    Post subject: Reply with quote

cincynate wrote:
It is still part of the Korean labor law. However, I would not sign any contract where this bonus is not stated. Tell your boss that if it is part of the law, what is the harm of not stating it directly in your contract. Don't sign it unless he explictly states that there will be a one month bonus at the completion of the contract.



This. Just be polite but firm w/ your boss about it.
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koreatimes



Joined: 07 Jun 2011

PostPosted: Fri Jul 01, 2011 5:21 am    Post subject: Reply with quote

Quote:
because it was required of them by Korean Labor law so there was no need to put it in the contract.


Laughing Laughing

Then tell him there is no need to sign it. It's "American law".
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