Average regular wage rises 2.98% in Taiwan
-
Loading... - Donghai Huang
- 13 Oct 2022
- 57 Views
- 0 Like
- 0 Comment
The average regular monthly wage in August grew 2.98 percent from a year earlier to NT$44,497 (US$1,398), but the average in the first eight months of the year slid 0.02 percent after adjusting for inflation, the Directorate-General of Budget, Accounting and Statistics (DGBAS) said yesterday.
The real wage is unlikely to swing to positive territory in the short term as year-to-date inflationary readings remain above the 3 percent level, DGBAS Census Department Deputy Director Chen Hui-hsin (é™³æƒ æ¬£) said.
“Fortunately, the negative value is steadily shrinking — from 0.1 percent in June to 0.02 percent this time around,” Chen said.
The economic scene worsened last month given disappointing trade numbers due to stubborn inflation and drastic interest rate hikes by global central banks, she said.
Total monthly wages — including overtime pay, performance-based commissions, perks and bonuses — jumped 7.25 percent to NT$56,108, the statistics agency said, attributing the impressive year-on-year gain to the distribution of dividends and bonuses by some local firms.
However, the overall monthly pay retreated 3.68 percent from July, suggesting that wages might have peaked, it said.
Workers in the electricity and gas supply companies enjoyed the highest monthly wage of NT$65,021, followed by employees at financial and insurance companies at NT$64,427, and peers at publishing and media companies at NT$64,183, the agency said.
In terms of overall monthly compensation, workers at electricity and gas suppliers again topped the rankings with NT$114,427, followed by electronics workers with NT$109,935, and financial and insurance staff with NT$85,332, it said. Read More…
