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Over 60% of businesses in Taiwan plan to raise pay

TAIPEI--More than 60 percent of businesses in Taiwan will give pay raises next year, according to an online survey released yesterday.

Workers at those companies will see an average salary increase of 4.78 percent, according to the telephone poll conducted by 1111 Job Bank.

In the poll, 37.61 percent of enterprises in Taiwan said they are more inclined to give pay raises to employees who have made major contributions to the company business, while 15.6 percent said they favor staff who have a positive work attitude.

In terms of the business sectors, the industrial and consumer service industries are the ones most willing to increase salaries, but several financial holding and food and beverage enterprises have already decided on pay hikes, according to the poll.

Daniel Lee, a public relations director at the job bank, said businesses would be more willing to raise pay if they anticipated that the economy would improve next year. The survey, conducted between Dec. 4-19, collected 654 effective samples.

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