Nov 12, 2018 Medical Comments Off on Taiwan regular wages up over 2% on average for 10th straight month
Taipei, The average regular wage in Taiwan rose 2.48 percent from a year earlier in September, marking the 10th consecutive month of a year-on-year increase on the back of an economic recovery, according to government statistics released Monday.
Data compiled by the Directorate General of Budget, Accounting and Statistics (DGBAS) showed that the average regular wage for September rose 2.48 percent year-on-year to NT$41,110 (US$1,335).
The growth in September followed a 2.95 percent year-on-year increase in August, the data shows.
In September, the average earned income, which includes regular salary plus bonuses, overtime pay and other irregular income, also grew 3.85 percent from a year earlier to NT$47,577, the DGBAS said.
Pan Ning-hsin (???), deputy director of the DGBAS census department, said that because of the economic recovery, many employers who have seen their operations improving become more willing to increase wages for their employees.
Pan said that due to the Mid-Autumn Festival, which fell on Sept. 24, employers tended to issue bonuses to their employees, a move that pushed up the average non-regular wage by 13.5 percent from a year earlier to NT$6,467 in September.
In the first nine months of this year, the average regular wage rose 2.60 percent from a year earlier to NT$40,864, the highest growth since 2000, when the year-on-year increase stood at 3.06 percent, the DGBAS said.
The average earned income also grew 4.23 percent from a year earlier to NT$53,416, the DGBAS added.
After inflationary adjustments, however, the average regular wage rose only 0.93 percent from a year earlier, while the average earned income rose 2.53 percent from a year earlier, the agency said.
The real estate business, retail/wholesale industry and the manufacturing sector were the top three in the average nominal earned income year-on-year increase in the nine-month period, rising 6.19 percent, 5.76 percent and 5.06 percent, respectively, the agency added.
The DGBAS said the average working hours in September totaled 159.4, down 16.8 hours from a year earlier, while average overtime hours totaled 8.1, up 0.4 hours from a year earlier.
The average overtime pay in September rose 11.12 percent from a year earlier to NT$1,849, the DGBAS said.
Source: Focus Taiwan News Channel