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Weigookin74
Joined: 26 Oct 2009
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Posted: Thu Sep 29, 2011 5:28 pm Post subject: EPIK going downhill? |
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Just got a random recruitment email telling me to apply to 2012 EPIK program. I'm already in it. But terms and benefits outlined as follows:
Airfare
� Airfare: Within the first month of the contract, all EPIK GETs, regardless of level, will be provided with 1,300,000 KRW of Entrance Allowance.
(To prevent early termination of contracts, Entrance Allowance is issued as a form of a loan from the employer to the EPIK GET. In the event that the contract is terminated with six (6) months of its implementation, including renewal contracts, regardless of course or grounds, the EPIK GET will repay the above-mentioned loan to the EPIK office immediately.)
� Exit Allowance: 1,300,000 KRW is provided upon successful completion of the 1 year contract and when the contract is not renewed.
� Renewal Allowance: 2,000,000 KRW will be provided upon successful completion and renewal of your contract.
Housing
� Furnished housing is provided as a part of your remuneration, and is arranged by the school. There are two housing options:
1. Paid single housing provided.
2. If a teacher already has his or her own housing (or in the rare case that housing cannot be arranged by the school) a monthly rent subsidy of KRW 300,000 will be provided
� Furnishings will consist of a bed, a microwave, a refrigerator, a gas stove, a kitchen table and chairs, a home phone, a wardrobe, a washing machine, and a television, blankets, bowls, cups, utensils, etc. (total aggregate value of KRW 2,000,000)
� Maintenance fees, utilities (gas, electricity, water), and other monthly expenses are the responsibility of the teacher
Vacation and Sick Leave
� Paid vacation: 21 calendar days paid vacation per year, plus all National Holidays
� Unpaid vacation: teachers that re-sign after completion of their first contract receive a 14-day unpaid �home leave� between contracts
� Special paid leave: for your marriage (7 days), or a death in the family (5-7 days)
� Sick leave: with the approval of your employer, paid sick leave can be arranged under special circumstances if both notice and approval occur before the beginning of such leave and a medical diagnosis justifying such leave is submitted
Health Insurance and Other Deductions
� Income Tax: tax deductions will be made in accordance with Korean law; you can expect your income tax rate to be 3.3% (the tax rate is tied to one�s income level)
� Pension Fund: you must pay into Korea�s national pension fund: 10% of your salary per month (your contribution is 5% and your employer matches that with another 5%; citizens from certain countries may reclaim this pension payment at the end of their contract�currently only Americans and Canadians)
� Medical/Health Insurance: half your monthly fees for Korean National Health Insurance will be paid for by your employer
� Worker�s Compensation: half your monthly fees for this deduction will be paid for by your employer
No longer paid 2 week vacation for home visit? Holidays calendar days instead of working days? Housing subsidy only 300,000 instead of 400,000? Hopefully, this recruiter is full of sh!te! Let's hope the recession is not going to make EPIK be arrogant too. Been hearing about clawbacks from hogwans. Less payouts and more work expectations. Damn this recession, if it's true!!! |
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Weigookin74
Joined: 26 Oct 2009
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Posted: Thu Sep 29, 2011 5:29 pm Post subject: |
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Yep, if this is the beginning of a new trend, guess China's going to be getting more English teachers if their wages keep rising. |
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warmachinenkorea
Joined: 12 Oct 2008
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Posted: Thu Sep 29, 2011 5:37 pm Post subject: |
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Did you get it from ATC? If so they've been sending out this thing for months.
I think they just didn't update their stuff.
Go to the source if you want more info.
http://www.epik.go.kr/ |
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oldtrafford
Joined: 12 Jan 2011
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Posted: Thu Sep 29, 2011 5:40 pm Post subject: |
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Yes, EPIK is definitely on the rocky road to ruin!! Indeed, if China can offer a similar wage then many NETs will be heading off to the land of the rising sun!!  |
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tran.huongthu
Joined: 23 May 2011
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Posted: Thu Sep 29, 2011 5:46 pm Post subject: |
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oldtrafford wrote: |
Yes, EPIK is definitely on the rocky road to ruin!! Indeed, if China can offer a similar wage then many NETs will be heading off to the land of the rising sun!!  |
The wage difference is still pretty bad considering here you get airfare, severance bonus and pension(for some). Korea cannot be beat and it will probably stay that way for some years. Of course sometime down the line China might be better, especially with their RMB rising.
What worries me is inflation in China, possible housing bubble and what would happen to their country if too many companies brought workers home and/or moved them to countries with a lower labor cost. |
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warmachinenkorea
Joined: 12 Oct 2008
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Posted: Thu Sep 29, 2011 5:52 pm Post subject: |
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oldtrafford wrote: |
Yes, EPIK is definitely on the rocky road to ruin!! Indeed, if China can offer a similar wage then many NETs will be heading off to the land of the rising sun!!  |
Japan here we come! |
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Zackback
Joined: 05 Nov 2010 Location: Kyungbuk
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Posted: Thu Sep 29, 2011 5:54 pm Post subject: |
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Japan?
That's great.
Wait a minute. What jobs are there???? |
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oldtrafford
Joined: 12 Jan 2011
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Posted: Thu Sep 29, 2011 5:59 pm Post subject: |
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Japan here we come!
Must have been my subconscious kicking in, Japan not China is the land of the rising sun!! Right?!!
Unfortunately I'm 10 years too old to be heading that way in a job market that is pretty pathetic even for teachers who have a Masters in the field of EFL/ESL!!! |
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isisaredead
Joined: 18 May 2010
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Posted: Thu Sep 29, 2011 6:24 pm Post subject: Re: EPIK going downhill? |
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Weigookin74 wrote: |
Just got a random recruitment email telling me to apply to 2012 EPIK program. I'm already in it. But terms and benefits outlined as follows:
Airfare
� Airfare: Within the first month of the contract, all EPIK GETs, regardless of level, will be provided with 1,300,000 KRW of Entrance Allowance.
(To prevent early termination of contracts, Entrance Allowance is issued as a form of a loan from the employer to the EPIK GET. In the event that the contract is terminated with six (6) months of its implementation, including renewal contracts, regardless of course or grounds, the EPIK GET will repay the above-mentioned loan to the EPIK office immediately.)
� Exit Allowance: 1,300,000 KRW is provided upon successful completion of the 1 year contract and when the contract is not renewed.
� Renewal Allowance: 2,000,000 KRW will be provided upon successful completion and renewal of your contract.
Housing
� Furnished housing is provided as a part of your remuneration, and is arranged by the school. There are two housing options:
1. Paid single housing provided.
2. If a teacher already has his or her own housing (or in the rare case that housing cannot be arranged by the school) a monthly rent subsidy of KRW 300,000 will be provided
� Furnishings will consist of a bed, a microwave, a refrigerator, a gas stove, a kitchen table and chairs, a home phone, a wardrobe, a washing machine, and a television, blankets, bowls, cups, utensils, etc. (total aggregate value of KRW 2,000,000)
� Maintenance fees, utilities (gas, electricity, water), and other monthly expenses are the responsibility of the teacher
Vacation and Sick Leave
� Paid vacation: 21 calendar days paid vacation per year, plus all National Holidays
� Unpaid vacation: teachers that re-sign after completion of their first contract receive a 14-day unpaid �home leave� between contracts
� Special paid leave: for your marriage (7 days), or a death in the family (5-7 days)
� Sick leave: with the approval of your employer, paid sick leave can be arranged under special circumstances if both notice and approval occur before the beginning of such leave and a medical diagnosis justifying such leave is submitted
Health Insurance and Other Deductions
� Income Tax: tax deductions will be made in accordance with Korean law; you can expect your income tax rate to be 3.3% (the tax rate is tied to one�s income level)
� Pension Fund: you must pay into Korea�s national pension fund: 10% of your salary per month (your contribution is 5% and your employer matches that with another 5%; citizens from certain countries may reclaim this pension payment at the end of their contract�currently only Americans and Canadians)
� Medical/Health Insurance: half your monthly fees for Korean National Health Insurance will be paid for by your employer
� Worker�s Compensation: half your monthly fees for this deduction will be paid for by your employer
No longer paid 2 week vacation for home visit? Holidays calendar days instead of working days? Housing subsidy only 300,000 instead of 400,000? Hopefully, this recruiter is full of sh!te! Let's hope the recession is not going to make EPIK be arrogant too. Been hearing about clawbacks from hogwans. Less payouts and more work expectations. Damn this recession, if it's true!!! |
it's still a MUCH better deal than most "teachers" deserve. |
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isisaredead
Joined: 18 May 2010
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Posted: Thu Sep 29, 2011 6:29 pm Post subject: |
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tran.huongthu wrote: |
oldtrafford wrote: |
Yes, EPIK is definitely on the rocky road to ruin!! Indeed, if China can offer a similar wage then many NETs will be heading off to the land of the rising sun!!  |
The wage difference is still pretty bad considering here you get airfare, severance bonus and pension(for some). Korea cannot be beat and it will probably stay that way for some years. Of course sometime down the line China might be better, especially with their RMB rising.
What worries me is inflation in China, possible housing bubble and what would happen to their country if too many companies brought workers home and/or moved them to countries with a lower labor cost. |
Quote: |
� Renewal Allowance: 2,000,000 KRW will be provided upon successful completion and renewal of your contract. |
now, does that mean you get W2,000,000 when you complete your contract AND ANOTHER W2,000,000 when you renew - or does it mean you get W2,000,000 once you complete your contract AND agree to renew? Why isn't it called a "completion bonus"? |
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chrisinkorea2011
Joined: 16 Jan 2011
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Posted: Thu Sep 29, 2011 6:29 pm Post subject: |
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That seems good, with GEPIK we dont get a renewal allowance, however I do get the 2 weeks home visit paid and also I get my plane ticket paid for to visit home. I know GEPIK is going downhill fast, however it seems EPIK is following suit? I know that next year city hall is going to pay for my salary and that i will go between two different schools but with the same number of hours. Hope things get better! lol |
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DejaVu
Joined: 27 Jan 2011 Location: Your dreams
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Posted: Thu Sep 29, 2011 6:35 pm Post subject: |
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The sick days tihng looks pretty bad, too.
At least you get paid leave for any family death (not just spouse or child). |
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warmachinenkorea
Joined: 12 Oct 2008
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Posted: Thu Sep 29, 2011 6:38 pm Post subject: |
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With EPIK when you complete and renew you get 2,000,000. If you complete you get 1,300,000.
When I re-signed the first month of my new contract I got my first months pay+the resigning bonus plus+ severance for completing the old contract.
It's pretty good after all is said and done. |
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calendar
Joined: 22 Sep 2011 Location: being a hermit
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Posted: Thu Sep 29, 2011 6:41 pm Post subject: |
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Quote: |
Exit Allowance: 1,300,000 KRW is provided upon successful completion of the 1 year contract and when the contract is not renewed.
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Doesn't that violate the labor law of one month's bonus upon completion? |
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warmachinenkorea
Joined: 12 Oct 2008
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Posted: Thu Sep 29, 2011 6:49 pm Post subject: |
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calendar wrote: |
Quote: |
Exit Allowance: 1,300,000 KRW is provided upon successful completion of the 1 year contract and when the contract is not renewed.
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Doesn't that violate the labor law of one month's bonus upon completion? |
No you still get your severance. The entrance and exit allowances take the place of ticket reimbursement. EPIK doesn't reimburse you get 1,300,000 instead. If you re-sign you get a flat 2,000,000 to do what you want with.
In Sept of 2008 when my wife and I came the exchange rate bombed in the first month teachers were here. EPIK usually waited one month to reimburse the ticket. When they did they they would only pay what the exchange rate was one month later. I lost $400. I assume other teachers did too. I complained and I assume others did too. I don't know if this prompted them to change the policy or what but the next intake of teachers started getting entrance and exit allowances instead of ticket reimbursement. |
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