salary growth 結果共19筆

Discover why Taiwan’s average wage growth trails its GDP growth, leaving workers economically strained despite surpassing Japan and South Korea in GDP. Insights from experts and the IMF reveal the challenges and comparisons.

Taiwan’s economy shows resilience with a significant salary increase for the first half of the year, marking the first real wage growth in three years.

Discover how Taiwan plans to boost salaries for military, public, and teaching personnel in 2023, following stable economic growth. Premier Cho Jung-tai emphasizes sharing economic achievements.

Discover why professionals aged 30 to 35 are in a golden career period and how leveraging networks over job banks can lead to significant salary boosts and career advancement.

Taiwan’s Ministry of Economic Affairs announces recruitment for 665 positions across Taiwan Power Company, CPC Corporation, Taiwan Sugar Corporation, and Taiwan Water Corporation, with starting salaries of NT$41,000 to NT$42,000. Examination details for roles in 23 categories, including electrical engineering and business management, to be released online, offering a path to salary growth for top performers.

Explore how Taiwan’s eighth consecutive minimum wage increase impacts the job market, with insights from experts and challenges faced by young adults. Learn about the strategies for navigating salary disparities and inflation.

The Taiwan Higher Education Union (THEU) has criticized the government for playing a false game with wage increases. While civil servants, including military and education personnel, are set to receive a 4 percent pay increase next year, over 21,000 technical and administrative staff at universities, about 70 percent, remain unsure of their raises. This uncertain group includes employees at private universities. The THEU believes that the government should not leave salaries of non-certified staff to the discretion of universities, as it causes division and lowers morale. Only around 9,000 public employees out of the approximately 31,000 full-time staff members at universities and colleges are certain about their pay rise next year. The THEU is concerned that the hardships of grassroots workers in tertiary education institutions are being overlooked amidst the upcoming presidential elections. They urge that national wage increases should apply to all university staff, with appropriate subsidies provided.

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.

A survey by Cathay Financial Holdings reveals a rise in Taiwan’s economic confidence, with the outlook index turning positive and stock market optimism rebounding. The December survey shows that 70% of the population expects the economic growth rate to exceed 2% in 2024, while 55% anticipate the inflation rate to remain above 2%. These expectations differ slightly from projections by the Directorate-General of Budget, Accounting, and Statistics (DGBAS), which forecasts a 3.35% economic growth rate and an inflation rate of 1.64% for 2024. The DGBAS data suggests that people may be more conservative about economic expansion and anticipate higher inflation. Additionally, expectations for salary adjustments have improved compared to 2022, with 45.9% of those surveyed predicting wage increases. Of these, 9.2% believe raises will exceed 3%, and 47.6% expect monthly regular wages to stay the same. Taiwan’s current situation confidence index has climbed from -23.2 in November to -3.0 in December, while the future outlook confidence index has improved from -9.1 to 3.6, signaling growing optimism about Taiwan’s upcoming economic climate.

Taiwan’s manufacturing sector shows signs of recovery with increased overtime hours in October, according to the Directorate-General of Budget, Accounting and Statistics (DGBAS). Manufacturers’ overtime climbed to 15.4 hours, a 1.6-hour increase from the previous year, marking continuous growth over four months and a return to 2021 levels. The average regular wage from January to October 2022 was NT$45,441, a 2.49% year-over-year increase. The total average salary within the same period was NT$59,270, up by 1.53%. However, when adjusted for inflation, the real average regular earnings only inched up 0.06%, and the real total earnings witnessed a slip of 0.87% year-over-year, the first negative growth in nearly seven years. This decline in total real wages is attributed to tepid exports and the rising cost of living. Employment in the industrial and service sectors stood at 8.19 million people as of October, with a slight increase compared to September 2021 and largely unchanged from October 2021. The service sector gained 41,000 employees in October, offsetting the decrease in the industrial sector. Throughout the first ten months of 2022, the average number of employed workers was 8.175 million, with the accommodation and food services and arts, entertainment, and recreational services sectors seeing new hires while the manufacturing sector lost jobs. In October 2022 alone, the average regular salary for employed workers was NT$45,564, a 2.31% annual rise, and the average total wage for the month was NT$51,143, a 1.35% increase from the previous year.

In November 2023, Taiwan’s job market saw significant growth with 1.04 million opportunities, led by the hospitality and ICT sectors. The hospitality industry notably increased salaries by 58%, reflecting broader workforce trends and the need for flexible work environments amid economic challenges.

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.

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.

According to a national economic confidence survey by Cathay Financial Holding, approximately half of respondents believe their salaries will increase in 2024, showing a more optimistic outlook compared to last year. About 25% of respondents anticipate a pay hike of more than 3%. This comes after the Ministry of Labor’s decision to raise the minimum wage by just over 4% in 2024. 64% of respondents reported that their income has remained unchanged over the past six months, while 18.1% said it has increased and 17.9% said it has decreased. Looking ahead to next year, 25.2% of respondents expect a salary increase of more than 3%, a significant increase from last year’s survey. The survey also reveals that respondents predict the country’s economic growth rate to stay at 1.6%, with only around 21% believing it will surpass 2% this year. In terms of inflation expectations, the median value remains steady at 2.5%, with 84% of respondents believing this year’s inflation rate will be more than 2%. Overall, the public maintains a conservative outlook on economic expansion, while inflation expectations remain higher.

Asian-Pacific workers, including those in Taiwan, are expected to experience the highest global growth in real wage increases in 2024, according to recent data. India leads the way with a projected rise of 5.1%, while Taiwan contributes with a 2.5% increase. The ECA International’s Salary Trends Report indicates that real wages for Asian-Pacific workers will increase by 2.2% in 2024, more than double the global average of 1%. Taiwan ranks sixth in the real salary forecast growth rate in the Asia-Pacific region, surpassing Macau, Malaysia, the Philippines, Cambodia, and South Korea. Vietnam and Thailand are expected to see real wage surges of 3.6% and 3.4% respectively, while Singapore is projected to have modest growth of 0.5%. The region’s advantage of lower inflation rates compared to the rest of the world contributes to these increases. Greater China locations, excluding Hong Kong, are expected to be among the top ten globally in terms of real wage increases in 2024.

Taiwan’s Minister of Labor, Hsu Ming-chun, confirms the upcoming deliberation on raising the minimum wage by 3-3.2%. Citizens express concerns over inflation’s impact on their livelihoods.

As the cost of living in Taiwan continues to increase, salaries are not seeing much growth.