Taiwan's Premier Lai calls on companies to raise starting salary

Premier Lai says monthly salary of NT$30,000 still under par

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(By Central News Agency)

TAIPEI (Taiwan News) -- On Friday Taiwan's Premier William Lai (賴清德) called on all businesses, listed companies and especially the multinational companies based in Taiwan to establish a better way of profit sharing to keep the economy growing and maintain a stable living standard by increasing the starting wage offered to staff.

Lai, focusing on the problem of shortage of manpower and skilled workers, urged corporations to build better profit sharing arrangements. He was concluding a week-long campaign to publicize plans to tackle five major problems prevailing in current Taiwan which discouraged foreign investments. 

"We face the problems honestly, draw up policies pragmatically and work to resolve them steadily. We want to work together with businesses that are looking to invest in Taiwan, but there is no denying the fact that we need their strong support. Especially for listed companies and multinational corporations, offering a monthly salary of NT$30,000 to employees is still under par. There should be room to raise wages," said Lai.

Lai said the current minimum salary standard is "too low" in Taiwan and that companies and foreign investments should increase the starting wage to keep the society stable and raise morale in their companies. 

The premier extended three main suggestions to the business owners for improving the current situation, that the companies should speed up more investments in Taiwan, share their profits in a better way with their employees and work together with the government on talent grooming and building.