Sep 05, 2018 Legal Comments Off on Cabinet approves minimum wage hike with effect from January
Taipei, Minimum wages in Taiwan will be increased next year, the Ministry of Labor (MOL) announced Wednesday, following the Cabinet's approval of a wage hike proposal that was put forward by a special committee.
The monthly minimum wage will be raised by 5 percent and the hourly wage by 7.14 percent, in line with the recommendations of the MOL's Basic Wage Deliberation Committee, the ministry said.
The recommendations, put forward by the committee on Aug. 16, have been approved by the Cabinet and will take effect on Jan. 1, 2019, the MOL said in a public notice.
With the increase, the monthly minimum wage will rise from NT$22,000 (US$714) to NT$23,100 for some 1.8 million employees, including foreign nationals, while an estimated 456,000 workers will benefit from the hike in the hourly minimum wage from NT$140 to NT$150, the ministry said.
Commenting on the decision, Ho Yu (??), director of the Chinese National Federation of Industries, said labor costs in the industrial sector will increase by NT$39 billion a month.
Source: Focus Taiwan News Channel
Comments Off on Taiwan shares end above 11,600 points as major tech stocks gain
Comments Off on Government issues guidelines on employment regulations
Comments Off on Tsai pledges to build stronger, safer Taiwan if re-elected
Comments Off on Immigrant football competition kicks off in Taipei
Comments Off on Michelin Guide to feature Taipei, Taichung next year
Comments Off on Supreme Court sentences ex-Ting Hsin boss over tainted oil scandal