2024 minimum wage increase in Taiwan 結果共3筆

Taiwan is set to increase its minimum wage for 2024, benefiting approximately 2.39 million workers. Monthly basic wages will rise from NT$26,400 to NT$27,470, a 4.05% increase, benefiting 1.79 million workers. Hourly wages will also see a boost from NT$176 to NT$183, benefiting around 600,000 workers. The changes will affect labor insurance premiums, with employers bearing an extra cost of NT$2,307, workers contributing NT$659, and the government chipping in NT$329. This marks an increase of NT$89, NT$25, and NT$13, respectively, compared to the existing system. The adjustment will also impact the categorization of labor insurance premiums and retirement monthly contributions schedules. While the wage hike will increase labor costs, it provides an important boost for workers in challenging economic times.

Discover the latest insights from Taiwan’s job market, including the widening income gap, low salary increase expectations for 2024, and varying pay trends across industries.

The Ministry of Labor has resolved in a meeting on Friday to raise the minimum monthly wage in 2024 to NT＄27,470, and the hourly wage will increase by NT＄7 to NT＄183.