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How much has the job market been influenced by recession?
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poetryfoot



Joined: 16 Sep 2012

PostPosted: Mon Sep 09, 2013 8:49 pm    Post subject: How much has the job market been influenced by recession? Reply with quote

I see on the forums here that the market is flooded with teachers and hagwons and schools are being pickier (?) and more tight fisted it seems....
I am so curious about the differences. I graduated in 2005 but I had college loans and some other debt and haven't been able to seriously think and feel comfortable about going until now (many years later). It seems like the English teacher job market has changed a lot in the last several years.

1.) Did this happen in 2008?

2.) What was it like before this, what is it like now? How much harder is it to get a decent job?

3.) What do you think the statistics of teachers is like now, like 10 jobs for every teacher back then, and now 10 teachers for every job (or not quite that?)

Thanks!
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SeoulNate



Joined: 04 Jun 2010
Location: Hyehwa

PostPosted: Mon Sep 09, 2013 9:19 pm    Post subject: Reply with quote

Really not much has changed since '08, its just kinda stagnated.

I cant really speak for the 'way back when' era, as I arrived in '07, but not much has really gotten better in our wages. There are about the same (starting and top end) when I arrived. However, the important things to note are twofold:

1. Prices have risen sharply in Korea in the past 6-7 years. Most everything is 15-25% more expensive than it was and wages have not risen to compensate for that, which makes it feel as though the money is worth less.

2. The won has depreciated (however seems to be on an upward trend recently) which doesnt affect your spending power here, but it does for traveling as well as sending money back home.

IMO - its a myth that there are more teachers than jobs here. If you want a job, pretty much anywhere in the country, and are not a) ridiculously fat b) 60+ years old c) have a major health problem or disability, you will have no problems finding work here. Hell, I'm pretty sure either a or b would still land you a job as long as they were coupled together.
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ttompatz



Joined: 05 Sep 2005
Location: Kwangju, South Korea

PostPosted: Mon Sep 09, 2013 11:27 pm    Post subject: Re: How much has the job market been influenced by recession Reply with quote

poetryfoot wrote:
I see on the forums here that the market is flooded with teachers and hagwons and schools are being pickier (?) and more tight fisted it seems....
I am so curious about the differences. I graduated in 2005 but I had college loans and some other debt and haven't been able to seriously think and feel comfortable about going until now (many years later). It seems like the English teacher job market has changed a lot in the last several years.

1.) Did this happen in 2008?

2.) What was it like before this, what is it like now? How much harder is it to get a decent job?

3.) What do you think the statistics of teachers is like now, like 10 jobs for every teacher back then, and now 10 teachers for every job (or not quite that?)

Thanks!


1) '08-'10, yes. Combination of budget cuts to the public sector jobs (SMOE and GEPIK started downsizing), a flood of economic refugees from the States and the change of the presidency and policies that affected the EFL job market.

2) Pre 2008 it was easy to get jobs - any monkey with a white face and a degree could get work. It was harder to change jobs pre-2006 (much like it is now).

3) more like 1.1 teachers per job now compared to 2 jobs per teacher in the pre-2008 period.

.
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Juregen



Joined: 30 May 2006

PostPosted: Mon Sep 09, 2013 11:31 pm    Post subject: Reply with quote

A few more things to note.

Consumers have become more demanding. Ergo the demand for high quality teachers have gone up. What quality means, I am not sure.

More and more people are comming back to South Korea with increased English ability, which will reduce the effective need for native speakers.

There are 2 branches in the ESL world I still think might be profitable in the future.
Kindergarten and early Elementary.
Specialized ESL (Essay writing, SAT,...)
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poetryfoot



Joined: 16 Sep 2012

PostPosted: Tue Sep 10, 2013 7:11 pm    Post subject: Reply with quote

This is all very interesting and helpful, thanks so much. So, the depreciation of the won, the flood of economic refugees, the rise of Korean prices and other things have all contributed to a tighter job market? It's good news that there are still some jobs out there for some of us still hoping to come to South Korea soon....It's amazing how a few years can make a big difference...I wonder what the job market will be like in 5 years?
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Seoulman69



Joined: 14 Dec 2009

PostPosted: Tue Sep 10, 2013 7:34 pm    Post subject: Reply with quote

I think it has become a lot more difficult to get a job in Korea. More people are applying so employers are able to demand tesol certificate, CELTA, or Master's degrees depending on the position.
The wages haven't risen at the same rate as inflation so your money doesn't go as far any more.
If your heart is set on Korea then come on over, but if you are looking to make good money there are other countries which may offer better rewards.
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meangradin



Joined: 10 Mar 2006

PostPosted: Tue Sep 10, 2013 9:02 pm    Post subject: Reply with quote

Quote:
A few more things to note.

Consumers have become more demanding. Ergo the demand for high quality teachers have gone up. What quality means, I am not sure.

More and more people are comming back to South Korea with increased English ability, which will reduce the effective need for native speakers.

There are 2 branches in the ESL world I still think might be profitable in the future.
Kindergarten and early Elementary.
Specialized ESL (Essay writing, SAT,...)


As a fellow Academy owner, I completely agree with you! In my experience (in our little area of Korea), parents no longer dump their kids at English schools - they now expect and demand quality education, and they monitor their children's progress. Also, i think they want their kids home at an earlier time than parent's did 10 years ago. The net effect of this is fewer schools which means fewer jobs. Couple this with the fact that more and more Korean university graduates have spent significant time abroad and thus are able to better teach English, and you can clearly see that the role of the NET is diminishing. Personally, I stopped hiring NET's and now hire only Korean teachers. On a side note, it's not about money but education as many of KET's now demand as much as an e-2.

I think this is the era of the small owner operator schools.

Another area that I think may be popular, but not too profitable, is teaching the retired. I don't do it yet, but it does intrigue me.
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edwardcatflap



Joined: 22 Mar 2009

PostPosted: Tue Sep 10, 2013 9:42 pm    Post subject: Reply with quote

Quote:
Personally, I stopped hiring NET's and now hire only Korean teachers. On a side note, it's not about money but education as many of KET's now demand as much as an e-2.



Yes but presumably you don't have to provide them with an apartment.
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SeoulNate



Joined: 04 Jun 2010
Location: Hyehwa

PostPosted: Tue Sep 10, 2013 10:08 pm    Post subject: Reply with quote

edwardcatflap wrote:
Quote:
Personally, I stopped hiring NET's and now hire only Korean teachers. On a side note, it's not about money but education as many of KET's now demand as much as an e-2.



Yes but presumably you don't have to provide them with an apartment.


Probably shouldn't bite on this, but I will.

All things considered, if I was able to hire equally qualified individuals with a desire to teach and who would adhere to the rules and standards set forth by me, the director, I would probably hire KETs over NETs too.

However, I've worked in Korea for quite a while and seen many KETs which others qualify as 'good' teachers. 'Good" usually has no baring on how they actually teach and more on how well they speak to parents and, more often than not, lie to keep as many students in the school as possible. To this day I've worked with over 50 KETs, I would hire two of them. On a side note, I have worked with about the same number of NETs and wouldnt hire the vast majority of them either.

No matter their qualifications they always seem to fall back on teaching the class in a top down, teacher centered, Korean speaking only class which =/= english being learned. I could simply never deal with that kind of teaching if I were running a school and firing teacher after teacher wouldnt be so fun :p
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drcrazy



Joined: 19 Feb 2003
Location: Pusan. Yes, that's right. Pusan NOT Busan. I ain't never been to no place called Busan

PostPosted: Wed Sep 11, 2013 12:53 am    Post subject: Reply with quote

How much has the job market been influenced by recession?

Well, it used to be that kids would have recessions and play. And then after their recession was over, it was back to class and time to work. In universities, of course they did not have any recessions, but if a class was very long, there would be a break time. Then after break it was back to class and time to work. Thus, recessions did not have a negative influence on anything. As a matter of fact, after the kids came back from their recession or the university students came back from break, they would be all set to get back to work. But now with cell phones, it can be very difficult to get students to participate in class because they play with their phones. Thus, there has been a great negative influence due to cell phones and NOT recessions. In any event, we just need to take up the challenge to do what it takes to get them to work in class and not play with their cell phones.
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meangradin



Joined: 10 Mar 2006

PostPosted: Wed Sep 11, 2013 1:04 am    Post subject: Reply with quote

Quote:
Yes but presumably you don't have to provide them with an apartment.


No, I don't provide them with an apartment or a return ticket, but saving money was not my motive. I just couldn't risk my business with hiring a bad NET. Upon re-reading, I guess in a way it was.
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Weigookin74



Joined: 26 Oct 2009

PostPosted: Wed Sep 11, 2013 1:21 am    Post subject: Reply with quote

meangradin wrote:
Quote:
Yes but presumably you don't have to provide them with an apartment.


No, I don't provide them with an apartment or a return ticket, but saving money was not my motive. I just couldn't risk my business with hiring a bad NET. Upon re-reading, I guess in a way it was.


But are you teaching in the academy yourself in place of the NET? I'm sure the kids and parents still want to meet a foriegner. Also, has there been more restrictions placed by the government?

I had a friend who ran an academy with his Korean wife out in the boonies up until 2010 or so. At the time, he kept telling me how much money there was to be made. The local ed office told them they could only charge 150,000 won a month per student and charge a little more if they tested them twice a month. So, they were able to charge 180 a month. They were restricted to 10 or 11 kids in class or maybe a little less. But sometimes got up to 12 or 13. They had six classes a day. Maybe 13 million a month. Then had to pay staff, (Korean and sometimes a NET), small rental fee. (Already paid key money and renovation themselves.) Got a slight commission on the textbooks ordered too. They got divorced and got out of the business around this time. But, it seemed some students were leaving or other issues arising. Maybe if they were around today, it would be very different set of circumstances.

Another hakwon in the town hired some foriegners 2009ish and charged 250,000 a month. Think the owner had parents sign a letter of waiver to charge the higher fee. They were around 18 months and seemed to have a tight cash flow. Not sure what their issue was. Went broke eventually. But mostly it was a large Gun without much competition or at least academies with waygooks anyhow.
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Weigookin74



Joined: 26 Oct 2009

PostPosted: Wed Sep 11, 2013 1:23 am    Post subject: Re: How much has the job market been influenced by recession Reply with quote

ttompatz wrote:
poetryfoot wrote:
I see on the forums here that the market is flooded with teachers and hagwons and schools are being pickier (?) and more tight fisted it seems....
I am so curious about the differences. I graduated in 2005 but I had college loans and some other debt and haven't been able to seriously think and feel comfortable about going until now (many years later). It seems like the English teacher job market has changed a lot in the last several years.

1.) Did this happen in 2008?

2.) What was it like before this, what is it like now? How much harder is it to get a decent job?

3.) What do you think the statistics of teachers is like now, like 10 jobs for every teacher back then, and now 10 teachers for every job (or not quite that?)

Thanks!


1) '08-'10, yes. Combination of budget cuts to the public sector jobs (SMOE and GEPIK started downsizing), a flood of economic refugees from the States and the change of the presidency and policies that affected the EFL job market.

2) Pre 2008 it was easy to get jobs - any monkey with a white face and a degree could get work. It was harder to change jobs pre-2006 (much like it is now).

3) more like 1.1 teachers per job now compared to 2 jobs per teacher in the pre-2008 period.

.


Having been around here for a while, it seems like things are better than the 2009 to 2011ish period, but nothing like pre 2008 levels. My impression, but could be wrong.

It's harder to change jobs because of the market or new changes to the D10? (D10 is new that wasn't here before.)
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Weigookin74



Joined: 26 Oct 2009

PostPosted: Wed Sep 11, 2013 1:25 am    Post subject: Reply with quote

Weigookin74 wrote:
meangradin wrote:
Quote:
Yes but presumably you don't have to provide them with an apartment.


No, I don't provide them with an apartment or a return ticket, but saving money was not my motive. I just couldn't risk my business with hiring a bad NET. Upon re-reading, I guess in a way it was.


But are you teaching in the academy yourself in place of the NET? I'm sure the kids and parents still want to meet a foriegner. Also, has there been more restrictions placed by the government?

I had a friend who ran an academy with his Korean wife out in the boonies up until 2010 or so. At the time, he kept telling me how much money there was to be made. The local ed office told them they could only charge 150,000 won a month per student and charge a little more if they tested them twice a month. So, they were able to charge 180 a month. They were restricted to 10 or 11 kids in class or maybe a little less. But sometimes got up to 12 or 13. They had six classes a day. Maybe 13 million a month. Then had to pay staff, (Korean and sometimes a NET), small rental fee. (Already paid key money and renovation themselves.) Got a slight commission on the textbooks ordered too. They got divorced and got out of the business around this time. But, it seemed some students were leaving or other issues arising. Maybe if they were around today, it would be very different set of circumstances.

Another hakwon in the town hired some foriegners 2009ish and charged 250,000 a month. Think the owner had parents sign a letter of waiver to charge the higher fee. They were around 18 months and seemed to have a tight cash flow. Not sure what their issue was. Went broke eventually. But mostly it was a large Gun without much competition or at least academies with waygooks anyhow.


Let me add there's more public school waygooks and a small English Village there which wasn't there before. Not sure if that affects the market as the kids don't meet them everyday like in an academy.
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World Traveler



Joined: 29 May 2009

PostPosted: Wed Sep 11, 2013 3:35 am    Post subject: Re: How much has the job market been influenced by recession Reply with quote

Weigookin74 wrote:
Having been around here for a while, it seems like things are better than the 2009 to 2011ish period, but nothing like pre 2008 levels. My impression, but could be wrong.

You are wrong. The ESL market in Korea gets worse every year (despite the U.S. economy getting better). Look at public school contracts. They get progressively worse every year. Why? Because they can. Just this spring, the vacation renewal bonus for EPIK was chopped in half. How's it feel to lose those vacation days (so you can do extra unpaid camps)?
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