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Average monthly earnings in first 7 months of 2015 up 3.53%

Average monthly earnings in first 7 months of 2015 up 3.53%

Taipei, Sept. 22 (CNA) The monthly earnings of the average worker in Taiwan rose 3.53 percent in the first seven months of this year from a year earlier, due largely to an increase in year-end and performance bonuses, according to government statistics released Tuesday. In the seven-month period, the average employee earned NT$51,454 (US$1,575) a month, the highest ever recorded for the same period of the year in the country's history, the Directorate General of Budget, Accounting and Statistics (DGBAS) said. Monthly earnings consist of regular wages (including salary and fixed monthly subsidies and bonuses) and irregular earnings such as overtime pay and year-end and performance bonuses, which Taiwanese employers tend to issue before the Lunar New Year holiday. After being adjusted for a 0.65 percent fall in Taiwan's consumer price index, average real earnings for the first seven months of the year were NT$49,960 in 2011 Taiwan dollar terms, up 4.2 percent from a year earlier and the highest ever for the period. The DGBAS said the average regular wage was NT$38,591 for the January to July period, also a record high and up 1.43 percent from a year earlier. During the same period, average irregular earnings rose 10.37 percent from a year ago to NT$12,863 due to an increase in bonus payments, according to the DGBAS. It said the average real regular wage was NT$37,471, the highest in eight years and up 2.09 from a year earlier. In July alone, average monthly earnings stood at NT$46,922, up 5.25 percent from a month earlier and 2.26 percent from a year earlier, the DGBAS data showed. Average regular wages for the month rose 0.05 percent from a month earlier and also grew 0.84 percent from a year earlier to NT$38,851, the data showed. Meanwhile, the average number of monthly working hours in the first seven months stood at 172.7 hours, down 1.7 hours from a year earlier, the DGBAS said. The figure for July alone was 186.6 hours, up 9.3 hours from a month earlier but down 1.3 hours from a year earlier, the government agency said. (By Chen Cheng-wei and Y.F. Low)


Updated : 2021-04-18 11:53 GMT+08:00