Tuesday, August 7

The Future's Not Bright, The Future's Not Nova

Nova's troubles are hitting the News again, already reporting financial troubles after their sales have been stopped for 6 months.

Payday for the Japanese staff has been staggered, with earliest blames from NOVA management aimed at "glitches in the banks" alongside summer bonuses* not being paid. Additionally, petty cash and each branches bank accounts have all been soaked up by head office.

Not only have staff and instructors started leaving en masse, but the latest serious figure is that 12% of students have up and left.

*Bonuses in June and December are a big part of Japanese financial income - base salary is generally accepted as low as the bonuses make up for it. Without these, salaries are substantially less than they should be.

2 comments:

Anonymous said...

It looks like you left at just the right time Philip. Thank goodness you got out when you did.

Anonymous said...

should make a blog for hell nova stories from the past, that would be some fun reading. like mine, a mystery caller accused me of calling her every night to talk about drugs. go figure. anyway this was the story nova spun me. they then transfered me to another branch for the remaining week of my contract. to this day i dont know if it was just corporate bullying, or management just not wanting to stand by a teacher when the mighty student complained. what a crock of shit company.