New wage, labor insurance measures come into effect

The minimum hourly wage was set to increase from the existing NT$103 (US$3.55) to NT$109 from Jan. 1, 2013, which is expected to benefit about 300,000 workers, the Council of Labor Affairs (CLA) statistics showed.

Employers who fail to raise their workers' wages could be fined up to NT$300,000.

However, the Cabinet had disapproved a deliberation by the CLA in August 2012 seeking that the monthly minimum wage be raised to NT$19,047 from NT$18,780.

The Cabinet said that monthly wage adjustments had to wait until the domestic GDP grew to at least 3 percent during two consecutive quarters as well as the unemployment rate dropped to below 4 percent for two straight months.

In addition, the premium rates for Labor Insurance rose from the original 8.5 percent to 9 percent from Tuesday, indicating that 9.84 million employees would be affected. Employers, their workers and the government will cover 70 percent, 20 percent and 10 percent of the rates, respectively.

SHARE CLOSE
Blogger		Google+
Live Journal		Plurk
Stumble Upon

Tweet

	PREVIOUS ARTICLE
	Largest floating book fair to make port in Taiwan

NEXT ARTICLE
Local tourism commercial broadcast in Times Square

Write a Comment

Terms

Enter your comments - 3000 characters max

Type in image code

 Receive China Post promos
 Respond to this email

Submit