Fewer employers plan to give raises this year: poll
July 22, 2014, 12:02 am TWN
TAIPEI -- Fewer companies in Taiwan plan to give their employees a raise than a year ago despite the improving economy, according to the results of a survey released Monday.
The survey, conducted by the Taipei-based 1111 Job Bank, found that 55 percent of polled companies plan to give employees raises in 2014, down 9 percentage points from a year ago.
In addition, those companies planning raises expect to increase the pay of 39 percent of their employees on average, also lower than 46 percent a year earlier, the survey found.
The survey's only positive finding was that employers are planning raises averaging 4.51 percent in 2014, up 0.04 percentage points from 4.47 percent in 2013.
Whether those raises materialize remains to be seen.
Average monthly earnings (including base salary, bonuses, overtime and other irregular forms of income) in Taiwan rose only 0.2 percent in 2013 to NT$45,664, but were 4.73 percent down year-on-year in the first four months of 2014, according to the country's statistics bureau.