Year-end bonuses lowest in 6 years: job bank
By Linger Liu, The China PostTAIPEI, Taiwan -- A recent survey covering year-end bonuses showed 39.24 percent of employees of Taiwan enterprises will not receive year-end bonuses, 1111 Job Bank said yesterday.
February 7, 2013, 12:03 am TWN
The job bank released statistics showing that the total amount of money given toward year-end bonuses reached a six-year low, while the rate of the nation's enterprises that will give year-end bonuses for 2012 has dropped to its second lowest in the past six years.
The worst year was 2008, when the rate of enterprises that gave year-end bonuses was 63.93 percent, the job bank said.
The percentage of enterprises that will give 2012 year-end bonuses was 79.28 percent according to the survey. It also found that in 2012 employees received an average bonus of 1.18 months' salary.
The industries that give the most year-end bonuses are, in order, trade and logistics, service sectors and retail industries, said the job bank.
Industries that plan to give the least in year-end bonuses are, in order, media and publishing, medical, agriculture and ecology, and real estate, the survey showed.
The job bank said that 18.09 percent of enterprises that participated in the survey said they had given their year-end bonuses earlier, before the Chinese New Year holiday, in order to avoid the increasing costs of the second-generation National Health Insurance.
According to the survey, 18.59 percent of the enterprises said they had decreased the total of year-end bonuses by 4.74 percent. Nearly 25 percent of employees who will receive year-end bonuses said they expect around NT$20,000 to NT$30,000.
The survey showed 64 percent of employees said the decreasing employment benefits make them consider choosing a different company. Around 36 percent of employees said they would prefer to keep their current job, according to the job bank.
It also found that 50.68 percent of employees will receive their companies' staff bonuses via benefits other than cash. The job bank said that 16.67 percent of firms plan to give out coupons, and 9.52 percent will hold staff parties.