China's wage 1.36 times higher than in Taiwan: 104 Job Bank
By John Liu, The China Post
July 3, 2014, 12:05 am TWN
TAIPEI, Taiwan -- In 2013, earnings in mainland China were on average 1.36 times higher than those in Taiwan, according to a survey conducted by 104 Job Bank.
Earnings of regular staff in mainland China averaged NT$660,000, while earnings of low-level managers averaged NT$990,000, mid-level managers averaged NT$1.3 million, and high-level managers averaged NT$1.58 million.
According to the survey, 17 percent of new graduates said they are “very willing” to receive their first job in mainland China, while 64 percent said they would “consider” it. In other words, about 80 percent of new graduates are somewhat interested in working in mainland China.
The survey shows that nearly half of young people are willing to kick off their career with a regular staff position. And more than half said they are willing to work at storefronts to serve Chinese customers, sell merchandise, conduct market surveys, or serve as personal assistant to Chinese managers.
Foreign companies are young people's top choice in terms of workplace, followed by Taiwanese companies, the survey showed. Shanghai and Beijing are the top cities they would like to work in.
A big market in China, fewer job opportunities in Taiwan and higher earning potential were the main drivers for Taiwanese seeking job opportunities in mainland China, according to 104's survey.
About 4.5 percent of job seekers, equivalent to 245,000 people, in 104 Job Bank's database said they want to work in mainland China (including Hong Kong and Macau). The figure was a 22.4-percent growth compared with five years ago.
About 62,000 members in 104's database indicated their last job was located in mainland China, Hong Kong or Macau. The number was a 25-percent increase compared with five years ago.
Chinese workers' competitiveness is growing. Among Taiwanese youths who have worked in mainland China, about 60 percent said that Taiwanese workers used to hold an edge, but Chinese talent is on the rise.
According to the survey, experience in mainland China works in job seekers' favor. Up to 40 percent of firms said they are more likely to hire people who have work experience in China. This is especially true for electronics and technology firms.