-
Taiwan sees job market surge in Year of the Dragon
Explore how the Year of the Dragon has influenced job market trends in Taiwan, with a surge in job openings and significant career shifts among workers.2024/05/10 16:05 -
Taiwan’s MOL reports surge in furloughed workers
The Ministry of Labor reported a significant increase in the number of furloughed workers, with the manufacturing industry being the most affected. The labor ministry also predicted a high demand for labor in the accommodation and food services industry and the wholesale and retail trade sector. The global labor shortage crisis has led to businesses implementing solutions such as cross-training to boost productivity. The Regent Taipei successfully reduced its labor shortage rate through cross-training and creating a positive work environment. Fair wages and a positive work environment are believed to be key factors in employee retention.2023/12/26 15:52 -
Quanta Computer raises salaries to beat inflation
Taiwan’s major contract manufacturer, Quanta Computer, has announced that it will adjust its employee salary structure in response to inflation and talent retention. Starting in December, the salary adjustments will be based on job grades, with employees in the 8th job grade receiving an increase of NT$3,000. According to the Taiwan Stock Exchange’s corporate employee salary information from June, the average annual salary for non-supervisory full-time employees at Quanta in 2022 reached NT$1.501 million. This marks the third consecutive year that Quanta has raised salaries, with structural pay adjustments also made in 2021 and 2022. The company has clarified that the current restructuring will not affect the annual raises based on performance and division alignment. Additionally, Quanta plans to implement a flexible working hours system, reinstating the flexible work hour system adopted during the pandemic period at its headquarters in Taiwan. This will allow employees to start their day between 7 a.m. and 9 a.m. and leave between 4 p.m. and 6 p.m.2023/11/22 16:51