Korean Job Discussion Forums

[stevieg4ever]

I have a huge dilemma regarding my after school classes.

I have a new pay structure that says for every student that enrolls I will be paid 35000 won. Irrespective of whether they attend one or 8 classes a month.

Initially this is very lucrative adding over a million won a month to my basic as 31 students have enrolled. The enrollment list is done every month.

But should the roll decrease I could be running at a loss. I need 15 students to make what I did last term off of after school lessons (last term was a simple 35000 a month, 5 lessons a week). For example if I have 9 students by July that would be under 350,000 for 16 blocks of 50 minutes a month, excluding prep time.

My coteacher said they wont change the pay structure. Further my relationship with her is not god at all. They want me to sign but I have thus far stalled.

[Cheonmunka]

Get a minimum - a retainer.

[stevieg4ever]

They won't change a thing, for no given reason either.

[Juregen]

What they are doing is putting all the risk on your shoulder.

If they lose students they don't have to pay you.

Wether you find that acceptable is up to you, but from my point of view, you need to be rewarded for the increased risk.

If you have 15 students you are break even in your situation. 15*35k is 525.000

16 hours - 32k per hour.

What is the probability in your experience that you get 15 students?

If the probability is 0.9 => Then you have an expected return off 29k per hour
If the probability is 0.1 => Then you have an expected return of 3k per hour

What is the average amount of students?

[stevieg4ever]

Yeah thats how I articulated it all and no I dont find that acceptable.

I suggested what Cheonmunka - a minimum of 12 students. Initially my co teacher said okay but then 10 minutes later she refuted saying that I would not be allowed to do that.

In terms of the probability im really not confident that I will have 15 students to last me up till July. Last term they decreased rapidly till the end where there was perhaps only 8 or 9.

I told the education office and they were not happy with this system at all saying that I should be paid a set amount for a set time. They will meet on Monday to discuss this further.