Recruiter In Korea

The Honest Truth About Recruiting in Korea

Most S.Koreans satisfied with monthly earnings above 4M

with 7 comments

From today’s Hankyoreh.  The title is actually wrong.  It should actually say, “Most S.Koreans satisfied with monthly earnings between 3M and 4M”.  I’ve discussed salaries in Korea various times (here, here, here, here, here, here, here).  Please read through these as it will give you a different perspective from native English instructor salaries.  Of course if you have an upper management position with a solid company, you can definitely make nice coin when you factor in bonuses and other perks.  However, the average joe office worker is going to make around the same, or in many cases, much less than an English instructor.

These data appeared in the “South Korean Social Trends 2010” report released by the KOSTAT on Thursday. A study of income satisfaction by income level in 2009 showed 45.7 percent of those earning 3 million to 3.99 million Won per month rating their satisfaction as “average,” 38.3 percent as “unsatisfactory,” and 16.0 percent as “satisfactory.”

Interesting though that more were dissatisfied when making above that level.

Satisfactory ratings were given by 20.7 percent of those earning 4 million to 4.99 million Won per month, 29.4 percent of those earning 5 million to 5.99 million Won per month, and 36.8 percent of those earning 6 million Won or more per month.

Money is definitely one of the biggest (if not the biggest) factors in job satisfaction but of course there are so many other variables that makes one ‘satisfied’ with a job.  I would definitely take a (slight) pay cut if I could work less hours with less stress. However, being the go-getter that I am, I would be willing to take the same salary (no raise) if I would be promoted one rank.  Does that even make sense?  Maybe not.

I wonder what salary range would bring the most satisfaction to English instructors.

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Written by recruiterinkorea

December 3, 2010 at 6:00 pm

Posted in Uncategorized

7 Responses

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  1. I’m switching from a public school to a uni and taking a 10% pay cut. The reason? I’ll only work 3 days a week, and get 20 weeks vacation.

    For me, money isn’t everything. I turned down offers at hagwons and public schools with after school programs that would have offered me around a 40% increase in pay. The trade off? 40 hours a week with must less vacation.

    Josh

    December 6, 2010 at 8:56 am

    • I think that in your case, it’s definitely worth it for ‘only’ 10%. 4 days off a week? Can’t beat that. There’s other things you can do during that time to keep productive.

      recruiterinkorea

      December 6, 2010 at 11:35 am

  2. But isn’t this like comparing apples with oranges? In general, in the korean office you work insane hours 6 days of the week. But the company or your boss will usually comp you with: lunch, dinner, and if your man extravagant entertainment, especially if you’ve got clients. Trying to do that on your own would’ve cost you hundreds if not thousands of dollars

    Compared to English teachers, yea you may or may not work less. That usually depends on the school. But you almost never get the same kind of comps an office worker gets and if you do, the level of luxury is much lower.

    Whisen

    December 9, 2010 at 9:47 am

    • Anyone that’s spent some time in Korea, knows exactly what I’m talking about. Of course I’m not condoning it. But when you factor in how much that’s worth and the fact that the company usually pays it. That’s comes out to quite a bit. Even if they only do it once or twice a year.

      Whisen

      December 9, 2010 at 9:59 am

  3. A friend of mine recently took a job at Samsung as an “English Consultant” He gets paid 3.5million a month, but he has to work from 7:30am to – 6:30pm, PLUS all of the mandatory drinking sessions that entails after hours. He keeps telling me “Jake man, Samsung opens doors man, if you work at Samsung, you’re like a god in Korea”. I’m not convinced. I’d never work an 11+ hour shift (most of which he spends on his feet) for 3.5 million before taxes. If I were an E2, I’d be happy with 2.4 for a 6 class day, if I could get it.

    prestigeekorea

    December 27, 2010 at 7:32 pm

    • IMO 3.5 mil for that job isn’t that great. Is he a regular worker employed by Samsung or is he a contractor? If he’s a regular full-time employee then it might be worth it but not if he’s teaching all day. English Consultants usually have to translate and edit documents as well.

      recruiterinkorea

      December 30, 2010 at 10:02 am

  4. What would the average basic salary be for a quantity surveyour (construction cost manager – who is basically like a type of accountant)? Not someone local to S-Korea.

    Anita

    March 18, 2013 at 6:31 pm


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