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Most Taiwanese companies offer pay raises to employees: survey

Most Taiwanese companies offer pay raises to employees: survey

A majority of companies in Taiwan have offered pay raises to their employees this year, with an average annual increase estimated at 4.3 percent, according to the results of a survey released Monday.

Citing the results of the survey, online job bank yes123 said that 78.6 percent of companies in Taiwan have raised salaries for their employees. The average pay raise represents an additional NT$1,661 (US$50.46) per month, it added.

But only 16.2 percent of companies in Taiwan raised salaries of all their employees, while 62.4 percent offered pay raises only to employees who performed better, according to the survey gauging companies' pay raises and operations in 2015.

A monthly pay raise of NT$1,661 means an increase of NT$55 per day, yes123 said.

Meanwhile, the survey found that 49.6 percent of companies in Taiwan described their business operations this year as similar to last year, while 29.9 percent felt they performed worse than last year. Only 20 percent thought their business performances this year were better than 2014, the survey discovered. As to possible pay raises next year, 29.9 percent of the companies said they have no plans for pay hikes, the survey found.

About 59.8 percent said they will increase salaries for employees who perform well, but only 10.3 percent will consider an overall pay praise for all employees, according to the survey.

The yes123 survey was carried out Nov.12-19 and collected 819 effective samples through online questionnaires among its corporate members. It had a confidence level of 95 percent and a margin of error of 3.42 percentage points. (By Chiu Po-sheng and Elaine Hou)

Updated : 2021-09-28 01:25 GMT+08:00