Almost half of Taiwan’s companies are set to give raises to their employees next year, the highest proportion for the past 10 years, a survey conducted by an online job bank showed on Thursday.
According to the survey by 104 Job Bank (104人力銀行), 49.9 percent of surveyed companies in Taiwan plan to give raises averaging 3.2 percent next year.
In terms of the average monthly pay of NT$47,000 this year, employees would on average receive NT$1,491 more pay per month next year, the survey said.
Photo: Amy Yang, Taipei Times
Weber Chung (鍾文雄), a manager at the job bank, said that labor shortages were the reason many employers were willing to give raises, although he added that the increase in salaries expected next year is similar to that for this year.
The survey, which was based on 1,325 valid responses, showed that 67.5 percent of the consulting, accounting and legal sector would give raises, at an average rate of 4.1 percent — the highest among Taiwanese firms.
Meanwhile, the communication equipment manufacturing sector and semiconductor sector had expected average raise rates of 3.8 and 3.7 percent respectively.
The survey also showed that 99.5 percent of firms plan to hand out year-end bonuses this year, with the average found to be equivalent to 112 percent of the monthly salary.
As the industry offering the highest average bonuses for the 13th straight year, the financial sector would likely hand out bonuses equivalent to 188 percent of the monthly salary, the survey showed.
Next are the computer and consumer electronics sector and the photoelectric and optical manufacturing sector, which the survey showed would give out bonuses equivalent to 150 percent and 137 percent of the monthly salaries for their respective sectors.
In contrast, the accommodation and catering sector is expected to give out bonuses equivalent to 69 percent of the monthly salary, the lowest of all sectors featured in the survey.