Thu, Oct 04, 2007 - Page 12 News List

Lost bonuses affect high-tech sector

By Jessie Ho  /  STAFF REPORTER

As listed companies are now required to list their employee bonus shares as expenses in the financial books starting next year, salaries of employees in the high-tech industry are expected to shrink by 7 percent, according to a survey released yesterday.

As paychecks are likely to become slimmer, more than 35 percent of employees in the industry have considered changing jobs, the survey conducted by manpower agent 104 Job Bank showed.

"Stock bonuses issued by high-tech companies used to be one major factor that attracted job seekers," 104 Job Bank marketing manager Monica Chiu (邱文仁) told a press conference.

"The new measure would affect the employees when making career decisions," she said.

After the implementation of the new measure, some companies decided to raise salary levels and reduce or cancel stock bonuses awarded to employees.

According to the poll, employees in the high-tech industry with high salaries would experience a greater financial loss because of the new measure than in other industries.

People who earn NT$1 million (US$33,000) a year, for example, will see their salaries reduced by 10 percent, Chiu said.

As a result, 35.7 percent of the polled said that they would start looking for new jobs next year.

Of the people, 17.8 percent said they would go to companies that offer higher wages, 13.7 percent said they want to change to more promising industries, and 2.6 percent said they would look for companies that still award stock bonuses to their employees, the poll showed.

The optoelectronics, energy and traditional tech industries are targets for the career shift, Chiu said.

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