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Premier Cho calls for urgent wage talks in Taiwan
Premier Cho Jung-tai urges swift action to address Taiwan’s low-wage issue, calling for the Economic Development Commission to reconvene and focus on wage-raising strategies.
2024/10/18 10:53
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Taiwan sets new low-wage standard at NT$31,000
The Ministry of Labor in Taiwan plans to set a low-wage standard at NT$31,000, aligning with OECD standards. Officials discuss wage levels amid criticism.
2024/10/17 21:00
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Economic recovery influences salary trends, data shows
Explore the latest findings on Taiwan’s wage trends: A Ministry of Labor meeting reveals a decade-high average salary increase of 5.4%, driven by economic recovery and talent shortages. Dive into industry-specific data and the implications for wage adjustments.
2024/06/26 15:05
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Taiwan’s low faculty salaries hurt rankings: Experts
Explore how Taiwan’s universities are striving to improve their global academic rankings through salary increases and significant educational reforms, amidst challenges of insufficient resources and low faculty pay.
2024/05/08 17:09
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Thousands march in Taipei for Labour Day rights
Discover the key issues raised during the Labour Day march in Taipei, where 4,000 rallied for better labor rights, criticizing low wages and long hours. Learn about their demands for the incoming government.
2024/05/01 17:44
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Q Burger announces up to 23.4% salary hike in 2024
Q Burger, a restaurant chain in Taipei, is making waves with its generous end-of-year bonus of up to 27.8 months for staff. In addition, the company plans to increase salaries by 23.4% in 2024, aiming to break away from the low-paying norms of the industry. Newly hired employees can expect a high basic salary of up to NT$35,000, while reserve executives start at NT$37,000. To address regional differences in living costs, Q Burger is also offering a substantial regional subsidy, with store employees in Taipei receiving an extra NT$4,000 per month. In a unique move to motivate employees, the company has introduced the "Dream Reward Plan," which grants 20% of net profits to store chiefs. Q Burger’s success is evident, with its expansion to 340 stores across Taiwan and over one million app members in 2023.
2023/12/27 14:50
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Over 4M people earn less than NT$43K monthly in Taiwan: data
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.
2023/12/19 18:05
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Taiwan cuts 2023 GDP growth to 1.42%, lowest in 14 years
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.
2023/11/29 16:04
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Hospitals face pharmacist shortage amid low pay
Amidst a severe salary gap and high workloads, Taiwan’s hospital pharmacists are facing a critical shortage. With a surplus of pharmacists but insufficient compensation, experts call for a re-evaluation of the National Health Insurance to prevent a looming healthcare crisis.
2023/11/09 17:49
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MOEA head promises negotiation on tax cut for young workers
Taiwan’s Minister of Economic Affairs, Wang Mei-hua, has promised to address a tax cut for young workers in continued negotiation with the Ministry of Finance. Kuomintang (KMT) Legislator Yang Chiung-ying has highlighted concerns over low salaries in Taiwan, noting that the median wage is NT$42,000, the lowest among the Four Asian Tigers. To address this issue, Yang has suggested increasing the age for tax incentives for small and medium-sized enterprises (SMEs) hiring young employees from under 24 to under 30. This policy change, according to the legislator, could significantly help young people struggling with low wages. In response, Wang stated that the government would discuss the proposal with the Ministry of Finance and emphasized their efforts to reduce taxes to tackle the issue of low wages for young workers.
2023/11/06 20:34
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Over 40% of Taiwan graduates willing to seek jobs abroad
In 2023, Taiwan’s new graduates face low starting salaries, prompting many to consider overseas roles, especially in Southeast Asia. With Vietnam becoming a top choice, experts weigh in on the challenges and benefits of working abroad.
2023/11/06 17:15
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MOE to raise university professor academic research grants
The Ministry of Education (MOE) in Taiwan will increase monthly academic research grants for professors, associate professors, and assistant professors at public universities starting next year. This move aims to address low wages for academic talent in Taiwan. The Executive Yuan has committed to investing NT$33.29 billion over the next five years to support this initiative. The research grants for teaching staff at public universities will increase by NT$6,000 to NT$9,000 per month. Additionally, the Ministry will invest an additional NT$860 million to encourage private universities to raise their faculty salaries, bridging the salary gap between public and private institutions. The efforts also include the introduction of new doctoral scholarships and subsidies for part-time teaching assistant positions for doctorate students. The MOE’s Department of Higher Education Director-General, Chu Chun-chang, stated that if private universities can increase academic research funding by 15%, the MOE will cover 70% of the cost. Furthermore, starting next year, the "flexible pay" system for outstanding teachers will be expanded, with increased subsidies.
2023/11/06 16:20
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Hou vows to tackle low wages, bridge the wealth gap
Kuomintang (KMT) presidential candidate Hou Yu-ih unveiled his policy agenda aimed at enhancing working conditions and salary levels on Friday, September 8.
2023/09/08 21:37