Deductions from Salary

 

1. Income Tax: Current rate is 4~7% of your salary depending on how much you make each month.

2. National Pension Scheme: Current rate is 9% (4.5% will be deducted from teachers salary and another 4.5% will be paid by employer. National Pension Corporation (NPC).

3. National Health Insurance: Current rate is 4.48% (2.24% will be deducted from teachers salary and another 2.24% will be paid by employer). National Health Insurance Corporation.

4. Housing Deposit: Generally between 400,000 won~900,000 won depending on schools policy (usually deducted from first three months salaries but may be negotiable). This deposit is to cover any unpaid monthly service, utility, telephone charges and etc. at the completion of contract and employer agrees that payment of remaining amounts of the deposit will be made to employee at the end of contract period after all outstanding monthly service, utility, and telephone charges have been paid.

 

 

Transportation : The Employer will purchase for the teacher an economy class ticket from the closest international airport of point of hire to Korea. After completing the one-year contract, the teacher will be provided with a return ticket. If a teacher buys a ticket on his or her own, the teacher will be reimbursed the amount upon arrival at the school.

 

Housing : Housing is usually located near the school for the teacher's convenience. The school shall provide furnished single accommodation or shared apartment with two or three-bedroom (which is shared by two or three teachers with a private bedroom for each teacher and a shared kitchen and bathroom). Furnishings provided by the Employer include; blanket, pillow, television, toaster, bed, kitchen table, chairs, two-burner gas hot plate, refrigerator, wardrobe, telephone, washing machine and etc.. Selection of apartments will be made by the Employer. The cost of monthly services, utilities, and telephone charges for the accommodations provided will be paid by the teacher. In the case of a shared apartment, costs will be shared by both teachers.

 

Vacation and Holidays : Your employer is obliged to observe all national holidays - 9~13 days per year depending on which day it falls on. In addition, most of the schools, there would be 7~12 days of school vacation time per year as dictated by the schools' calendar, such as Christmas, New Years holiday, summer vacation etc. Regardless of the number of vacation and holidays that fall during any given teaching session, your monthly salary is guaranteed.

 

Sick Leave : The teacher is permitted up to three to six days of paid sick leave when the teacher is unable to attend class due to illness. He or she is required to notify the employer and submit an accompanying proof of illness from a physician.