Taiwan’s workforce grew by 24,000 in September

The total number of workers in the industrial and service sectors grew by 0.3% to nearly 8.12 million in September, as businesses continued to recover.
By: | November 15, 2021
Topics: Compensation and Benefits | Health and Wellness | News | Recruitment | Taiwan

Directorate-General of Budget, Accounting and Statistics (DGBAS) deputy director Chen Hui-hsin also said that on an annual basis, 6,000 workers were added to payrolls. “There is room for improvement as the labour market has lost 53,000 jobs since May, when a level 3 [COVID-19] alert was implemented,” he said.

The COVID-19 alert was lowered from level 3 to 2 in July, prompting recoveries for hotels, restaurants, and retails shops.

The accession rate – the number of new employees added to payrolls – increased 2.97%, down 0.12 percentage points from one month earlier, but up 0.35 percentage points from a year earlier, while the exit rate dropped to 2.67%, down 0.03 percentage points from one month earlier, reflecting an expansion in the job market, DGBAS said.

Wages also increased, with the average monthly take-home pay increasing 0.39% monthly and 1.74% annually to NT$43,378 (US$1,560) in September, it said.

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For the first nine months of the year, the average monthly take-home salary grew 1.77% to NT$43,030 (US$1,547), while total compensation increased 2.7% to NT$57,095 (US$2,053), according to Taipei Times.