Annual salaries in 2012 drop in real terms: DGBAS
CNATAIPEI--The average annual salary earned by Taiwanese employees rose slightly in 2012 despite the global economic slowdown, according to a government report released Monday.
October 1, 2013, 12:09 am TWN
Annual salaries averaged NT$636,328 (US$21,476) last year, up 0.5 percent, or NT$2,952, from 2011, the report by the cabinet-level Directorate General of Budget, Accounting and Statistics (DGBAS) shows.
However, inflation in Taiwan reached 1.93 percent in 2012, which means that salaries in real terms actually dropped.
The annual growth rate was also small compared with the growth rate of 4.5 percent from 2010 to 2011, the report shows.
The DGBAS attributed the slight increase to a decrease in extra income (overtime, year-end bonuses and other benefits), which slid 3.8 percent last year due to the global economic slowdown.
Meanwhile, the statistics body found that 5.4 percent of employees who lost their jobs were either laid off or fired, an upward trend compared with 3.5 percent and 4.1 percent in 2010 and 2011, respectively.
The rate reached a high of 11.5 percent in 2009, due to the financial crisis.