year-end bonuses 結果共23筆

104 Job Bank’s survey reveals Taiwan’s 2024 average salary at NT$802,000. The semiconductor industry leads with NT$1.035 million. Bonuses rise slightly amid economic recovery.

The National Police Agency has denied rumors of cutting year-end bonuses for police officers, clarifying that the bonuses are distributed according to the provisions of the Executive Yuan. Police officers who are employed by Jan. 31 and still on the job by Dec. 1 would receive a year-end working bonus of 1.5 months, with no specific stipulations for police officers. Last July, the Executive Yuan approved a 15% increase in police duty allowances, the first adjustment in 30 years, benefiting nearly 70,000 officers nationwide. The agency reaffirmed its support for police officers and commitment to improving their working conditions and benefits.

As the Lunar New Year approaches, Taiwanese employees await their year-end bonuses, a significant indicator of corporate success and economic health. The bonuses, reflecting the highest salaries in eight years, vary across industries, with a focus on financial planning and investment.

Discover how nearly half of Taiwan’s workforce is contemplating a career shift before receiving year-end bonuses, driven by the allure of higher salaries and the nation’s economic recovery post-pandemic.

Pilots for Taiwan’s EVA Air, supported by the Pilots Union Taoyuan (TUP), have voted in favor of striking due to ongoing disputes over pay raises. The TUP reported that out of the 910 participating pilots, an overwhelming 900 approved the strike action, with only 10 voting against it. The pilots are demanding a 20% salary adjustment, citing two main grievances – the hiring of foreign pilots amidst a staffing shortage and what they perceive as inadequate salaries and year-end bonuses, especially considering the airline industry’s substantial profits during the pandemic. EVA Air employs a total of 1,400 pilots, with 650 being TUP members. If all union member pilots choose to strike, it could result in half of the passenger and cargo flights being unable to operate during the Lunar New Year holiday. In contrast to the 2019 pilot strike at China Airlines, the TUP has stated that it will announce any confirmed strikes for 2024 at least 24 hours in advance to provide passengers with sufficient time to make necessary preparations.

Taiwan High Speed Rail (THSR) expressed regret for misunderstandings during a liaison meeting with the Taiwan High Speed Rail Labor Union. The union is dissatisfied with the 2.3-month year-end bonuses and demands at least four months. THSR announced salary adjustments and the distribution of year-end bonuses. The union warns of a possible strike if their demands are not met, including improved travel-related work conditions and fair distribution of bonuses.

Taiwan Power Company (Taipower) is planning to hire 1,103 specialists in various fields, including power distribution and transmission, substation, and electromechanical, by 2024. Applications for these positions will be accepted from January 2 to January 15, with preliminary exams scheduled for May 12 in Taipei, Taichung, Kaohsiung, and Hualien. The results of the preliminary exams will be announced on July 16, and the second round will take place on August 6 in Taipei. After selection, new recruits will undergo one year of training and will receive a starting salary of NT$32,000, along with performance bonuses amounting to approximately 4.4 months of year-end bonuses. The largest portion of the jobs on offer is for maintenance staff for power distribution lines, with 429 positions. The next highest category consists of 157 posts for general administration workers, including 38 positions reserved for individuals with disabilities. This recruitment drive also includes three new positions in material management and various other maintenance and engineering roles. Certain positions require higher qualifications, such as a manual car license or a commercial heavy vehicle license. Taipower aims to address staff retirements, ensure stable power supplies, and implement net-zero transformation in the power industry to meet Taiwan’s energy needs.

EVA Air, a Taiwanese airline, has announced a record six-month year-end bonus, the highest since its establishment. The bonus will also be distributed to its subsidiaries, including airport services, sky kitchens, and aviation technologies. In addition, EVA Air plans to adjust salaries for employees in 2024, with ground and cabin crew members seeing an average adjustment of NT$5,000 and pilots receiving adjustments ranging from NT$11,000 to NT$20,000 based on their position. However, this announcement comes amidst potential strike action by EVA Air pilots, leading to concerns that the wage increase announcements are an attempt to pacify them. The Taoyuan Flight Attendants’ Union has emphasized the importance of fair distribution of year-end bonuses and salary increases regardless of the proposed pilot action. Rival airlines Starlux and China Airlines have also announced their year-end bonuses, with Starlux providing a one-month bonus and an approved salary increase of NT$2,000, and China Airlines reportedly planning to distribute a three-month bonus (although the union is demanding five months’ worth). In the marine transportation industry, YangMing Marine Transport Corporation has scaled down its year-end bonus from 13 months last year to two months this year due to a downturn in the shipping industry. The shipping corporations’ lower year-end bonuses are attributed to the ＂revenge-travel boom＂ post-pandemic. Other industries with high year-end bonuses include finance, semiconductor, and construction, with 1.83, 1.38, and 1.23 months respectively.

EVA Airways Corporation plans to reward its employees with generous year-end bonuses, averaging six months’ salary, due to the anticipated recovery of the global aviation industry in 2023. This unprecedented bonus is subject to the company’s annual earnings, with additional compensation expected to be distributed in mid-2024. The airline will also adjust salaries for ground and flight crews, with ground crew and cabin crew salaries increasing by approximately NT＄5,000 and pilots’ salaries by NT＄11,000 to NT＄20,000, depending on rank. However, these bonuses and salary adjustments are contingent on individual overall performance. Other companies under EVA’s jurisdiction, such as Evergreen Aviation Technologies Corp., Evergreen Airline Services Corporation, Evergreen Sky Catering Corporation, and Evergreen Air Cargo Services Corp., will also participate in the reward scheme.

A new survey conducted by Cathay Financial Holding reveals that 59.3% of respondents expect their year-end bonuses for 2023 to be between one to three months’ worth of salary. Additionally, 45.9% of those polled anticipate a salary increase in 2024, with 9.2% expecting the raise to exceed 3%. However, only 8.3% foresee year-end bonuses topping three months’ salary, while 32.4% predict bonuses will fall below one month. In terms of regular monthly earnings in 2024, 47.6% of participants project stability. The survey also indicates that the average growth expectation for Taiwan’s economy in 2024 stands at 2.52%, with 70% of those surveyed predicting a growth rate above 2%. Respondents expect the inflation rate in 2024 to be 2.21%, with 55% believing it will remain above 2%. These figures differ from the projections by the Directorate-General of Budget, Accounting and Statistics, which forecasts a 3.35% growth rate and a 1.64% inflation rate for Taiwan in 2024. In December, the optimism index for Taiwan’s stock market rose sharply to 16.1 from -0.4 in November, and the risk appetite index increased from 10.3 to 13.9, indicating market anticipation of potential rate cuts by major central banks next year. The survey, conducted from Dec. 1 to 7, gathered 13,379 valid questionnaires via email from members of Cathay Life Insurance’s official website and customers of Cathay United Bank.

Nearly 46% of Taiwanese people expect a salary increase next year, according to a survey by Cathay Financial Holding Co. The survey also found that about 60% of respondents anticipate year-end bonuses ranging from one to three months’ salary, while 8.3% expect bonuses to exceed three months. However, 47.6% of those surveyed expect monthly wages to remain constant. The survey also revealed a conservative estimate for Taiwan’s 2024 economic growth, with an average expectation of 2.52%, contrasting with the more bullish 3.35% forecast by the Directorate-General of Budget, Accounting, and Statistics. Respondents predict an average inflation rate of 2.21%, with 55% believing it will exceed 2%, higher than the directorate’s projection of 1.64% for 2024. The survey was conducted from Dec. 1-7 and gathered 13,379 valid responses through email questionnaires.

A survey by Cathay Financial Holdings reveals that Taiwanese are increasingly optimistic about year-end bonuses and economic prospects. 59.3% of respondents expect bonuses ranging from one to three months’ salary, surpassing last year’s 55%. Furthermore, 8.3% anticipate bonuses exceeding three months’ pay, reflecting an improvement in attitudes towards Taiwan’s economy. The Directorate-General of Budget, Accounting and Statistics predicts a 3.35% economic growth in 2024 with an inflation rate of 1.64%, but the public is more cautious, expecting a 2.52% growth and a 2.21% inflation rate. The optimism index for the local stock market has also improved. Additionally, 45.9% of Taiwanese anticipate salary increases, a 13.2 percentage point increase from 2022, while those expecting a steady monthly income dropped by 10.9 percentage points to 47.6%. Only 32.4% believe their year-end bonus will be less than one month’s salary, a decrease of 5.6 percentage points from the previous year.

According to a recent survey by Yes123 job bank, 71% of Taiwanese workers expect to receive a year-end bonus, with 21.1% predicting a larger payout compared to last year. Dissatisfaction with bonus amounts could lead 64.2% of office workers to consider resigning. However, 70.9% of employees anticipate receiving their 2023 bonus before the 2024 Lunar New Year holiday, which is a five-year high. Reasons for not expecting a bonus include company profit declines (15.8%), non-full-time employment status (5.2%), insufficient tenure (4.7%), and personal performance (3.4%). Among those expecting a bonus, 18.6% believe they will receive less than last year, while 60.3% expect a similar amount. The main intended uses for the bonuses are savings (45.5%), honoring parents (43.2%), loan payments (40.5%), handing out red envelopes (39.3%), and investing (31.4%). Workers believe that the ideal distribution of bonuses should be proportionate to personal performance (41.9%), equitable for all employees (32.6%), or tied to company profit (25.5%). Factors that could impact the size of year-end bonuses include company profits (69.2%), personal performance (52.3%), moods of bosses or major shareholders (51.4%), years of service (50.4%), job rank (26.7%), and relationships with bosses or supervisors (25.5%).

The story discusses the ongoing demands of EVA Air pilots for open dialogue with their employer regarding year-end bonuses and salary adjustments. The Civil Aviation Administration (CAA) is facilitating communication to resolve the issue. The union of Taoyuan International Airport Services Company (TIAS) released a statement criticizing the significant disparities in year-end bonuses between subsidiary companies and the parent company, with the former receiving one month’s worth and the latter receiving three. EVA Air ground staff discovered that their union had been dominated by management, leading to a petition to join the union and resulting in additional incentive payouts. The TIAS union expressed solidarity with the EVA Air ground staff and argued that subsidiary company employees should not face discriminatory treatment, and that annual bonus calculations and salary adjustments should align with the practices at the parent company.

The Taoyuan Union of Pilots (TUP) has announced that EVA Air pilots will hold a strike vote in response to the airline’s handling of end-of-year bonuses and salary raises. The TUP claims that EVA Air’s cost-cutting measures and talent loss have resulted in frequent safety incidents. The union plans to hold a press conference in front of the Ministry of Transport and Communications (MOTC) to voice their demands. EVA Air has been accused of aggressively reducing costs, leading to a significant loss of national pilots and the hiring of foreign pilots through illegal brokers. The TUP believes the MOTC should take responsibility and has set a deadline for EVA Air to improve the situation, suggesting that flight rights be reduced if conditions are not met.

Taiwan’s average regular earnings for employed workers increased by 2.49% from January to October, reaching NT$45,441. However, this growth is the lowest in the past three years, with total earnings, including bonuses and other irregular income, only up by 1.53%. The average monthly real wage slightly increased by 0.06% to NT$41,370, while the average total real wage decreased by 0.87% to NT$53,960, the first decline in seven years. This decline is attributed to a decrease in year-end bonuses following a cooling economy and a decrease in exports. Despite an overall increase in employment of 10,000 workers compared to last year, the manufacturing industry saw a significant drop of 27,000 employees due to economic adjustments. In October, the average regular wage was NT$45,564, up 0.13% from the previous month and 2.31% year-on-year. Part-time workers’ average hourly regular earnings increased marginally to NT$200, reflecting a 1.01% year-on-year gain. While industries such as arts, entertainment, and leisure services, as well as real estate, experienced wage increases, sectors like computer, electronic, and optical product manufacturing saw significant decreases in total wages by 18.54%. The employment numbers in manufacturing have been impacted by export decline, with an increase of 10,000 employed workers from January to October. The industrial sector saw a decrease of 0.63%, while the service sector grew by 0.67%. Accommodation and food services experienced a growth of 13,000 jobs, arts, entertainment, and leisure services saw an upsurge of 7,000, but manufacturing was hit with a reduction of 27,000 employees.

In Taiwan, employees often contemplate job or profession changes, especially after receiving year-end bonuses around the Lunar New Year. Experts advise individuals of all ages to conduct thorough self-assessments before making a leap.

The Jhujian Catering Group in Taiwan sets a new standard by offering year-end bonuses totaling NT$85 million, marking a significant upturn in the nation’s catering industry. With individual bonuses potentially reaching up to three months’ salary, Jhujian leads the way in employee rewards amid industry-wide growth.

Taiwanese companies have raised fixed monthly salaries in an attempt to address labor shortages, but the annual salary increase rate has declined to 2.5% from last year’s 3.1%. Despite this, the average annual salary in Taiwan reached a new eight-year high at NT$694,000 in 2023. The semiconductor industry remains the highest-paying sector for the eighth consecutive year, surpassing NT$1 million in average salary. Following the semiconductor industry, the computer and consumer electronics manufacturing, electronic components manufacturing, telecommunications and communication services, and software and internet industries are the next highest-paying sectors. In terms of engineering roles, IC design engineers earn the highest yearly earnings, while auditors, computer systems analysts, and network security analysts lead non-engineering jobs. Year-end bonuses in 2023 decreased to an average of 1.08 months’ worth of salary, the lowest in a decade. Financial institutions are expected to provide the highest average year-end bonuses, followed by the semiconductor and construction industries. Looking ahead to 2024, civil servants, educators, and military personnel will receive a 4% pay increase, while private companies anticipate an average increase of 3.2% in salaries, with the accommodation and food services industry having the highest proportion of enterprises raising pay.

Taiwan’s 2023 GDP growth forecast has been lowered to 1.42%, the lowest in 14 years, due to weaker exports and private investment. Year-end bonuses for Taiwanese workers have also been affected, with the average amount shrinking to 1.08 months’ worth of salary, hitting a 10-year low. The financial industry leads in bonus payouts with an average of 1.83 months’ salary, followed by the semiconductor industry at 1.38 months. The healthcare services industry averages just 0.97 months of salary, while the accommodations and food services sector lags further behind at only 0.59 months. Despite the downward revision, the DGBAS remains optimistic for 2024, forecasting a GDP growth rate rebound to 3.35%. However, challenges such as the Ukraine-Russia war, the Israel-Palestine conflict, and ongoing inflation may pose risks to the global economy. Looking ahead to 2024, local job banks predict pay increases in 47.5% of companies, with an average salary hike of 3.2%, slightly lower than in 2023. Experts caution that Taiwan’s economic recovery may not be as swift as hoped.

First Commercial Bank announces a net income of NTD＄192 billion for the first ten months of 2023, close to its total 2022 profits, and plans generous employee bonuses and pay raises. Bank Sinopac also reveals plans for significant salary increases and food subsidies.

As we welcome the new year, Taiwan businesses are celebrating a job well done with lively end-of-year banquets. Generous bonuses will be shared and plenty of food and drinks to toast all their accomplishments of the past year.

The beginning of 2023 is off to a rocky start for EVA Air passengers as flights are continuously delayed due to a lack of ground crew assistance.