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Korean Job Discussion Forums
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nomanshaheer
Joined: 20 Mar 2012
Location: Seoul
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 Posted: Sun Jul 15, 2012 9:07 pm Post subject: Annual Increment in Korea |
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Hi
Does anyone have an experience with annual pay increase (Increment) in Korean Companies, and Hagwons? I have heard that annual increase in pay is only 1%-2%? If so, how people manage living when they grow families (and so the expenses) |
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oppa637
Joined: 05 Dec 2011
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| Posted: Sun Jul 15, 2012 9:16 pm Post subject: |
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Its about 5% in my company but then when you receive a promotion, its about 20% which happens every 4 years or so.
That's for my company but ymmv. |
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YTMND
Joined: 16 Jan 2012
Location: You're the man now dog!!
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| Posted: Sun Jul 15, 2012 10:10 pm Post subject: Re: Annual Increment in Korea |
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| nomanshaheer wrote: |
Hi
Does anyone have an experience with annual pay increase (Increment) in Korean Companies, and Hagwons? I have heard that annual increase in pay is only 1%-2%? If so, how people manage living when they grow families (and so the expenses) |
I wouldn't place "Korean company" and "hagwon" in the same category. The typical E2 visa holder at a hagwon would get a 100,000 increase in monthly salary the following year as a standard. Public schools have a set pay scale, and there is very little room to negotiate outside of that formula unless you get hired directly with the school.
Add on to this any additional experience gained during the last completed year, and also consider the workload. If a teacher is doing more classes at the end and they are being compensated for it with overtime pay, they might want to either continue with a lower salary and get the overtime pay (which might be more) or request a higher monthly salary.
That's basically the first group of teachers. The second group would include teachers who could also speak Korean and possibly have a more specific offering. However, they probably got paid higher to begin with, so that doesn't really address getting a raise.
University jobs seem to have 2 types of offerings, and I would do the lower paying one first to see how it is. If you like it, up your credentials and get a better university job.
If you aren't an English teacher, it is quite possible to negotiate a higher jump depending on what you do. In that case I would ask in a different forum. This one mostly addresses ESL teaching.
As for having a family, if you take into account housing allowances and 2 people working, one could get money from their school. Is $5,000 doable? I'd say so, and you could probably get more easily after getting experienced and becoming more qualified. |
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