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Taiwan firms set to revive year-end party with cash prizes

Reporter Scarlett Yu
Release time:2023/12/19 20:17
Last update time:2023/12/19 20:17
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Taiwan firms set to revive year-end ’wei-ya’ with cash prizes (Shutterstock) Taiwan firms set to revive year-end party with cash prizes
Taiwan firms set to revive year-end

TAIPEI (TVBS News) — An online job bank released a survey on Tuesday (Dec. 19) revealing that 88.4 percent of Taiwan's companies plan to hold year-end parties before the Lunar New Year. Employees expressed a strong preference for cash prizes.

As corporate spirits rebound post-pandemic, year-end celebrations are making a comeback, according to  Yes123. Of the companies planning year-end parties, 60.3 percent will include lucky draw events.

 

Employees overwhelmingly favored receiving "cash" as their top prize choice at 66.2 percent, followed by smartphones (43.3 percent), cars (42.5 percent), department store vouchers (34.3 percent), and convenience store coupons (33.2 percent).

The survey also found that 73.6 percent of office workers have won prizes at previous year-end parties, with an average prize value of NT$11,833.

Yes123 spokesperson Yang Tsung-pin noted that as borders have been open for over a year and the pandemic has receded, companies' willingness to hold year-end events has returned to normal. These gatherings not only boost morale but also signify the economy's recovery and stabilization post-Covid-19 disruptions.
 

The survey, conducted online from Dec. 1 to Dec. 14, gathered 1,366 valid responses and has a 95 percent confidence level with a margin of error of plus or minus 2.65 percent. 

Taiwan Business

#year-end parties# cash prizes# lucky draw events# preferred prizes# office workers# year-end events# economy’s recovery# companies plan to hold year-end parties before the Lunar New Year# employees most eager to receive cash prizes

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