Breaking News, World News and Taiwan News.

Premier urges businesses to raise salaries

TAIPEI, Taiwan -- Premier Jiang Yi-huah yesterday urged businesses to give their employees pay raises if they are able to afford it.

The premier was speaking while seeking advice on economic issues from more than 20 business leaders in central Taiwan during a meeting in Taichung.

Jiang said businesses should fulfill their social responsibility by raising their employees' salaries if their financial health allows them to do so.

One of the major complaints from Taiwan's labor force concerns their salary levels, which have now fallen below those of 16 years ago, while the cost of living has risen, according to government statistics.

But employers have generally argued that pay raises would be difficult at this time of poor economic performance.

During the meeting, the business leaders noted the difficulties that they face, saying that although the government has introduced a series of measures in an attempt to shore up the economy, businesses still face a lot of challenges.

Some complained about a move by the Council of Labor Affairs (CLA) to revise the law to allow criminal charges to be brought against employers who fail to pay their employees severance fees or pensions.

They said such a move would further deter businesses from investing in Taiwan, asking the CLA to reconsider the proposed law revision.

1 Comment
December 23, 2013    freeman70@
What kind of statement is that from business leaders? If they aren't willing to pay severance and pensions, they should not be allowed to do business. This basically means all promises of pensions and severance are baseless. They will just close shop and leave employees hanging like some have done in the past. I don't see many of these businesses or their management elite suffering. They just don't want to share profits with their employees. In my time, I have seen businesses waste money on extravagant expenditures while telling employees that they can't afford to give them a paltry NT$500 raise. They are willing to give millions to pseudo-charities year after year but are unwilling to take those same millions and give raises across the board to all employees.
Write a Comment
CAPTCHA Code Image
Type in image code
Change the code
 Receive China Post promos
 Respond to this email
Subscribe  |   Advertise  |   RSS Feed  |   About Us  |   Career  |   Contact Us
Sitemap  |   Top Stories  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |   Arts & Leisure  |   Health  |   Editorial  |   Commentary
Travel  |   Movies  |   TV Listings  |   Classifieds  |   Bookstore  |   Getting Around  |   Weather  |   Guide Post  |   Student Post  |   English Courses  |   Terms of Use  |   Sitemap
  chinapost search