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Taiwan survey reveals 56% of employees with stagnant wages

Reporter TVBS News Staff
Release time:2024/02/20 11:48
Last update time:2024/02/20 11:48
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Taiwan survey reveals 56% of employees with stagnant wages (Shutterstock) Taiwan survey reveals 56% of employees with stagnant wages
Taiwan survey reveals 56% of employees with stagnant wages (Shutterstock)

TAIPEI (TVBS News) — A majority of salaried workers in Taiwan have not seen a rise in their wages for at least three years, according to a survey by online job bank yes123. The survey found that approximately 56% of respondents had their salaries frozen for over three years, with the average salary freeze period standing at four years.

Although on average, workers were willing to endure a salary freeze for around 1.8 years, these findings show that the actual situation surpasses employees' tolerance. 

 

About 41% of workers approached their bosses for a raise, but the success rate was only 34.6%. Even fewer workers, 24.8% had gotten a voluntary raise or promotion from their employers based on exemplary job performance.

Among those who had not seen a wage adjustment for three or more years, 55.7% had not had a raise for at least three years, and 11.6% had not had a raise for nearly a decade or more.

When choosing ways that could increase their income, 66.4% of respondents opted to change jobs for a higher salary, 52.2% chose to work part-time jobs outside office hours or during holidays, 43.1% picked to invest time in taking courses and obtaining certificates, 42.1% selected to focus on investment, and 26.7% chose to work abroad.
 

Based on the survey, other considered ways to get a raise include: starting their own business (25%), leveraging past job performance to ask for a raise (24%), and threatening to quit to pressure the company into raising their salary (10.5%).

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#salary freeze#wage adjustment#job performance#raise#salary increase#salaried workers#income increase#salaried workers in Taiwan not seeing wage increase#job performance impact on salary raise success rate#"strategies to negotiate for higher salary
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