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2014 average regular nominal wage hits record high

2014 average regular nominal wage hits record high

Taipei, Feb. 26 (CNA) The average regular nominal wage in Taiwan for 2014 stood at NT$38,208 (US$1,212), a record high and up 1.81 percent from a year earlier, according to government statistics released Thursday. Citing the data, the Directorate General of Budget, Accounting and Statistics (DGBAS, ????) said the year-on-year average regular nominal wage growth in 2014 was the highest since 2000, when the growth rate stood at 2.68 percent. After including non-regular income, such as year-end or performance bonuses and overtime pay, the average wage rose 3.58 percent from a year earlier, the data indicates. The growth represented a high since 2010, when the year-on-year increase was 5.16 percent. Lo Yi-ling (???), deputy director of the DGBAS's Department of Census, said that as the local economy is on the road to recovery, many employers were willing to raise their bonus payouts so that the average non-regular wages for the year rose 11.74 percent from the previous year to NT$9,092. After inflationary adjustments, however, the average real regular wage for 2014 rose just 0.61 percent to NT$36,749, a high since 2008, when the real regular wage stood at NT$36,937, according to the DGBAS. Also being adjusted for inflation, average real salaries, including bonuses and overtime pay, for 2014 rose 2.36 percent from a year earlier to NT$45,494, a high since 2011, when the figure hit NT$45,508, the government agency said. In December alone, the average regular wage reached NT$38,725, up 1.17 percent from a month earlier and also up 2.39 percent from a year earlier, the DGBAS said. The DGBAS said the average salary, including non-regular income such as bonuses, stood at NT$46,461 in December, up 9.66 percent from a month earlier and also up 0.28 percent from a year ago. (By Chen Cheng-wei and Frances Huang)


Updated : 2021-09-27 09:09 GMT+08:00