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neverthelesser

Joined: 07 May 2006
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Posted: Thu Oct 19, 2006 4:36 pm Post subject: Seems like good pay, but am I getting ripped off elsewhere? |
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I'm about to be hired by what I'm guessing is one of the bigger companies in Korea. I won't say who, I'm sure they read these forums, but let's just say that I've signed and sent in their "Memorandum of Understanding," which includes the following details:
� 28,000 KRW per hour (guaranteed 24 teaching hours per week minimum)
� Airfare reimbursement of up to 1,000,000 KRW
� Up to 5,000,000 KRW key money deposit loan
� E-2 visa sponsorship
� 7 days vacation per year
It seems I'll get 2-3 days off a week, but it doesn't say anything about health insurance or a severance bonus equal to a month's pay that I see so often in other places. I'll be looking for an apt, since they don't offer them (I think I prefer it that way). What do you guys think? |
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Young FRANKenstein

Joined: 02 Oct 2006 Location: Castle Frankenstein (that's FRONKensteen)
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Posted: Thu Oct 19, 2006 4:58 pm Post subject: Re: Seems like good pay, but am I getting ripped off elsewhe |
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| neverthelesser wrote: |
| it doesn't say anything about health insurance or a severance bonus equal to a month's pay that I see so often in other places. |
It doesn't have to be in the contract as they are all mandated by law: ALL foreigners must be enrolled in NHIC without exception; workers who pay into the National Pension plan get severence. And you get pension if you're working for more than 80 hours/month.
BUT I would get clarification in writing anyway... that way they are on notice about what you expect from them re: legal obligations. |
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ttompatz

Joined: 05 Sep 2005 Location: Kwangju, South Korea
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Posted: Thu Oct 19, 2006 6:10 pm Post subject: Re: Seems like good pay, but am I getting ripped off elsewhe |
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| neverthelesser wrote: |
I'm about to be hired by what I'm guessing is one of the bigger companies in Korea. I won't say who, I'm sure they read these forums, but let's just say that I've signed and sent in their "Memorandum of Understanding," which includes the following details:
� 28,000 KRW per hour (guaranteed 24 teaching hours per week minimum)
� Airfare reimbursement of up to 1,000,000 KRW
� Up to 5,000,000 KRW key money deposit loan
� E-2 visa sponsorship
� 7 days vacation per year
It seems I'll get 2-3 days off a week, but it doesn't say anything about health insurance or a severance bonus equal to a month's pay that I see so often in other places. I'll be looking for an apt, since they don't offer them (I think I prefer it that way). What do you guys think? |
Do a search for CDI. It looks like one of their offers.
It looks like, with this offer, that hey don't pay rent and YOU have to find an apartment or worse, they rent you their apartment. I hope you speak Korean.
Korean law mandates 10 working days holiday per year + national holidays.
I hope you can get a return ticket for less than a million. For most of us that only covers a one way fare AND every other hakwon will pay for a return ticket.
National health insurance and pension are now required by law for all foreign employees. No mention of it so you can probably expect to be cheated here. Better check with current staff to see if they actually get these benefits.
At that rate, unless you get substancially more than 24 hours per week you are getting a smaller total annual compensation package (salary and benefits) than someone working in a normal hakwon for 2.1 mil per year.
Severance is required by law if the employer has more than 5 full time employees. It should be equal to 1 months salary. It should (by law) be equal to the average of your last 3 months salary. Make sure you don't get short hours in your last 3 months.
With the offer. the devil is in the details. A "Memorandum of Understanding" is NOT a contract. Prepare to get screwed. Gotta love CDI. |
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riley
Joined: 08 Feb 2003 Location: where creditors can find me
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Posted: Thu Oct 19, 2006 6:28 pm Post subject: |
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| CDI will follow the rules, but the important thing to remember is that it's their rules! I found them to be both honest and cheap. They will nickel dime you. |
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Young FRANKenstein

Joined: 02 Oct 2006 Location: Castle Frankenstein (that's FRONKensteen)
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Posted: Thu Oct 19, 2006 9:03 pm Post subject: Re: Seems like good pay, but am I getting ripped off elsewhe |
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| ttompatz wrote: |
| National health insurance and pension are now required by law for all foreign employees. |
Pension is only required for people with 80 hours/month or more. Less than that and it's employer's choice. |
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Novernae
Joined: 02 Mar 2005
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Posted: Fri Oct 20, 2006 6:50 am Post subject: Re: Seems like good pay, but am I getting ripped off elsewhe |
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| Young FRANKenstein wrote: |
| ttompatz wrote: |
| National health insurance and pension are now required by law for all foreign employees. |
Pension is only required for people with 80 hours/month or more. Less than that and it's employer's choice. |
Have you got any links for that? |
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ttompatz

Joined: 05 Sep 2005 Location: Kwangju, South Korea
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Posted: Fri Oct 20, 2006 7:00 am Post subject: Re: Seems like good pay, but am I getting ripped off elsewhe |
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| Young FRANKenstein wrote: |
| ttompatz wrote: |
| National health insurance and pension are now required by law for all foreign employees. |
Pension is only required for people with 80 hours/month or more. Less than that and it's employer's choice. |
Anyone who is on an E2 is considered a full time employee and required to be enrolled.
BTW in reference to the original post, 24 hours per week is more than 80 hours per month. |
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Louis
Joined: 17 Jan 2006 Location: USA
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Posted: Fri Oct 20, 2006 7:14 am Post subject: |
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It doesn't sound like you are getting any better of a deal than other more standard contracts out there. You need to some serious clarifying work to find out the truth of some of the devil details.
Are you new to Korea? if so you may not want to be bothered finding your own place. |
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neverthelesser

Joined: 07 May 2006
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Posted: Sat Oct 21, 2006 7:13 pm Post subject: |
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Thanks for all of the input, you guys... Yeah, it's with *ahem* CDI...
After all of the stuff that I've heard on Dave's, I'm still considering them, can you believe it?
Yeah, I do speak Korean, but I'll probably still get bent over anyways, given that I've never lived there, only visited several times, so I don't know how the system works.
Thanks again... I'll let you know if I can get them to clarify their contract further. Given that I have to pay for my own apt, it really does seem that the higher pay evens out in the end... |
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babtangee
Joined: 18 Dec 2004 Location: OMG! Charlie has me surrounded!
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Posted: Sat Oct 21, 2006 10:20 pm Post subject: |
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It's only higher pay if that 28,000 won is per class, not per contact hour. I wouldn't take a job with a school that wants to pay me according to contact hours. Korean teachers don't percieve their schedule that way. It's a concept devised by hagwons to cut costs on foreigners. I don't know why people let it happen.
120 hours vs 120 x 50 minute classes = 100 hours.
That's 20 hours of work most experienced teachers wouldn't do (for free). |
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braunshade
Joined: 19 Apr 2006 Location: Somewhere better!
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Posted: Sun Oct 22, 2006 1:18 am Post subject: |
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| Classes at CDI are 3 hours long. |
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babtangee
Joined: 18 Dec 2004 Location: OMG! Charlie has me surrounded!
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Posted: Sun Oct 22, 2006 2:23 am Post subject: |
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| braunshade wrote: |
| Classes at CDI are 3 hours long. |
LOL. |
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manwonman
Joined: 22 Aug 2006 Location: Seoul
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Posted: Sun Oct 22, 2006 5:56 am Post subject: |
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24 hours a week (4 days * 6 hours) are the minimum. Chances are you can get more hours. I know people that work 7 days a week (by choice) on the hourly option. You can get paid above and beyond what most hagwons offer, but you will work!
They load work up on the monthly remuneration employees (to max out that 120 hours), but will gladly give you more work if you want more money.
Which is a better deal? It will depend on location of institution, location of house, distance between the two (if it takes you an hour each way to get back and forth from work, then those should be factored into your decision), and what the offer for monthly is. I have seen offers of up to 2.4 + housing for 120 hours of work. Calculate the 13th month into that (as well as half insurance, pension, etc.), and you might be doing better financially working the monthly option at a "branchise" instead of hourly at a branch. That o-baek manwon isn't going to do a whole lot for you in the areas of most of the branches (unless you're planning to work at Pyeongtaek or something).
just my 20 won on the subject. |
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CBP

Joined: 15 May 2006 Location: Korea
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Posted: Sun Oct 22, 2006 8:59 am Post subject: |
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| If you accept that "contract," you're going to get screwed. And if you accept that contract, you're selling yourself WAY short. Don't be another sucker newbie who jumps at the first offer. You can do much better than that, unless you enjoy being taken advantage of, ripped off, and doing midnight runs. |
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CBP

Joined: 15 May 2006 Location: Korea
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Posted: Sun Oct 22, 2006 4:38 pm Post subject: |
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| (I'm starting to sound battle-hardened, and I'm not even in Korea yet! Yikes! Sorry about that!) |
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