Taiwan's average monthly wages continue to see an increase within the last few months, especially in areas like the industrial and services sector.
Taiwan continues to enjoy rising employment, but at slower rates due to the rise in inflation amid post-pandemic recovery.
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Employees under the current Labour Pension Act are calling for a higher increase in employer contributions to their pension funds.
Taiwan’s number of jobs available has risen to 1.04 million this month, with an online job employment platform attributing this to the declining population.
Fresh graduates are finding jobs faster in Taiwan, which is a contributing factor to the lower unemployment rate.
Employees working overtime must be compensated by getting overtime pay and not by other methods, says Taiwan’s Ministry of Labour.
Only a quarter of Taiwan’s workforce received a salary increasement in 2023, with some employees having to endure years of salary stagnation.
Wages rose from January to June earlier this year, but also saw a drop in earnings for the first time in seven years.
Demand for AI expertise is surging as employers seek individuals proficient in ChatGPT, Midjourney, and Stable Diffusion.
Taiwan’s federal government is looking to amend sexual harassment laws that will place heavier punishments on offenders in positions of power.
A four-day workweek has been rejected by Taiwan's Ministry of Labour due to concerns over its impact on sectors and business competitiveness.
While AI is continuing to reshape the workplace, organisations need to do more to regulate how employees interact with AI systems.
As a result of declining birth rates, fewer young Taiwanese 15-29 are employed, while employees in other age ranges are on the rise.
A sluggish economy and inflation lowered monthly wages 0.19% year-on-year, the Directorate General of Budget, Accounting and Statistics reported.
Average regular wage increased 2.3% year-on-year in January 2023, despite inflation raising the consumer price index.
Taiwan’s female labour force participation trails behind countries like Japan and South Korea, partly due to negative public perception of part-time jobs.
A survey by the Ministry of Labour found that more employees are having to spend more of their leisure time to address work-related issues.
In addition to raising the minimum wage floor, premiums for Labour Insurance and National Health Insurance have also been revised.
A survey in Taiwan cited a weaker economic growth and employment outlook next year as the reasons for the downbeat sentiment.
The wage subsidies are available to local businesses experiencing revenue decline of 10% or more due to the pandemic.
The inflation-adjusted remuneration of employees in Taiwan fell in September, despite an increase in salaries over the same period of the previous year.
Taking effect from January 1 next year, the monthly minimum wage will be raised to NT$26,400 (US$855) and the basic hourly rate to NT$176 (US$5.7).
Many SMEs earn relatively low profits and would pass on the impact from a wage hike to their customers by raising product prices.
A larger increase might prompt companies to pass additional costs onto consumers, thus driving up prices.
Unions can apply for subsidies to train workers in artificial intelligence (AI) to prepare the workforce for disruptions brought by a changing labour market.
About 44.8% of companies are considering raising wages in the second half of the year to retain their best employees.
In response, several business groups have urged the government to come up with appropriate support measures for firms that require financial assistance.
Taiwan's government has been urged to provide subsidies for parents who miss work due to caregiving responsibilities.
Wages rose in many sectors as revenue grew amid a stable global economy, said the Directorate-General of Budget, Accounting and Statistics (DGBAS).