Hourly vs. Salary

The best advice we can give you is to do the math.  If you get an offer per month, make sure to know the maximum required hours, and to convert the figure into an hourly rate.  Likewise, if you get an hourly rate, multiply it by the expected number of hours to determine your monthly income

For example, W2.400.000/month for 30 hours per week amounts to about W20.000/hour.

In general, you can make more if you go with an hourly rate.  An hourly rate also gives employers more incentive not to overwork you.  Just be certain that it doesn’t give them an incentive to under-work you, and ask for a minimum amount of guaranteed hours per week or month to ensure a comfortable income.  One other disadvantage of hourly rate is that, of course, you only get paid when you teach.  Salaried positions include paid national holidays, but wage positions do not.  Also, wage positions may not include all the benefits common to salary positions such as severance and medical insurance.  Try to quantify these benefits and factor them into your evaluation.

Back to Employment



Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s