Taiwanese workers to get lower bonuses for Lunar New Year

Taiwanese firms are now expected to give lower year-end bonuses for the upcoming Chinese New Year in early February.

According to a survey conducted by online job bank 1111, the average year-end bonus at Taiwanese firms are expected to drop to 1.27 months of wages – from 1.34 months in 2017.

Further,  83% of firms are giving a year-end bonus worth 1.27 months of salary.

Of the 10 industries polled, the information technology industry ranked the highest, offering an average of 1.99 months of salary in bonus payments. The finance industry came in second at 1.35 months.

Media/publishing and real estate came in dead last, offering 1.04 months and 0.98 months of bonus payments respectively.

Daniel Lee, head of 1111 job bank’s career development and public relations division, said that more than one in four companies polled said they expected their profits in 2018 to be lower than in 2017.