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Taiwan employees likely to see 4% pay hike in 2015: poll

Taiwan employees likely to see 4% pay hike in 2015: poll

Taipei, March 6 (CNA) Wages in Taiwan may increase this year by an average 4 percent as many corporations are upbeat about their profits and the country's economy, a job bank said Friday, citing its latest survey. The poll by 1111 Job Bank indicated that 71.78 percent of the corporations operating in Taiwan are willing to raise their employees' salaries, and that the hike may average 4.07 percent. Among the companies that are considering a pay hike, 48.53 percent said the increase may range from 3-5 percent, 39.05 percent estimated a 2 percent raise, and 7.69 percent were mulling a 6-10 percent hike, according to the survey. Businesses in the trade/distribution and services sectors were among those most willing to raise salaries, the poll showed. The job bank said the survey indicated that many enterprises are confident about profits and the outlook for the domestic economy. In February, the government raised its 2015 economic growth forecast to 3.78 percent from its projection last November of 3.50 percent. According to the 1111 Job Bank survey, 37.53 percent of companies in Taiwan are upbeat about the local economy, while 4.38 percent are "very optimistic." Only 5.75 percent of corporations in Taiwan are pessimistic about the economy, while 52.34 percent hold a cautious outlook, the survey found. The main factors usually considered by corporations before offering a pay raise are profit margins, and their employees' performance and seniority, the job bank said. The poll was conducted Jan. 30 -March 1, and collected a total of 511 valid samples in Taiwan. (By Wu Ching-chun and Frances Huang)


Updated : 2021-09-27 21:41 GMT+08:00