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Komichi
Joined: 19 Jul 2006
Location: Piano Street, Seoul
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 Posted: Thu Sep 20, 2007 7:10 am Post subject: Severance pay |
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| Is it possible to get your severance pay if you renew your contract? |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Thu Sep 20, 2007 7:17 am Post subject: Re: Severance pay |
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| Komichi wrote: |
| Is it possible to get your severance pay if you renew your contract? |
Yes. You can request it and they are obligated to pay it. Article 34 (sub 3)of the labor standards act:
(3) An employer may, at the request of workers, pay severance
pay in advance for the period of continuous employment of the
worker concerned by adjusting the balances of remunerations
before his retirement, irrespective of the provisions of paragraph
(1). In this case, the number of years of continuous employment
for the computation of severance pay shall be counted anew
from the moment the latest adjustment of balances has been
made.
In fact, if I were working at a hakwon I would insist that having my airticket and severance paid out would be requirements of my renewing/extending my contract. |
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MarionG
Joined: 14 Sep 2006
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| Posted: Thu Sep 20, 2007 1:55 pm Post subject: |
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I'm not at all sure that they are REQUIRED to pay in advance of your actually leaving, and what the poster above showed us actually says "may," if I read it correctly. May means it's up to the discretion of the employer.
Having said that, and because it's very well documented that many hogwons and public schools try to avoid the payment of severance pay, I'd tell your employer, nicely and pleasantly, that considering how many problems there are with severance pay you would be comfortable in forgoing it until you actually leave their employment, only if THEY CAN SHOW YOU WRITTEN PROOF of a long history of having paid severance pay to prior foreign teachers.
Even if they have been scrupulous in paying it, they won't be able to do that. |
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SPINOZA
Joined: 10 Jun 2005
Location: $eoul
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| Posted: Thu Sep 20, 2007 6:21 pm Post subject: |
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| I've just started my 3rd contract with a public school and haven't had any severence yet. When I leave the company, I'll get 3 severances at my final salary - which will be over 7 million. |
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Komichi
Joined: 19 Jul 2006
Location: Piano Street, Seoul
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| Posted: Thu Sep 20, 2007 8:24 pm Post subject: |
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| Thanks everyone. So the severance pay adds up every year? It sounds like a good investment, but perhaps that also increases the likelihood of the school not giving it up willingly. |
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mj roach
Joined: 16 Mar 2003
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| Posted: Thu Sep 20, 2007 8:57 pm Post subject: |
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If you have been reading these boards long enough...you will know that the larger the sum - 'increases the likeihood of the school not giving it up willingly'.
Get it and airfare (or cash) before signing the dotted line. |
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