A quarter of businesses in Taiwan will offer higher starting salaries to new college graduates this year because of the economic recovery, according to a yes123.com job bank survey.
The average entry-level monthly salary that Taiwanese companies plan to offer to new graduates this year is NT$24,113 — up NT$1,489, or 6.5 percent, from last year.
Corporate executives responding to the poll said higher salaries will be offered as the economy gains momentum and more job openings are available than the number of job seekers.
Companies in the -manufacturing, high-tech and service sectors all said they will offer higher starting salaries for new graduates at between NT$23,000 and NT$25,000 per month.
Medical and healthcare companies, as well as some high-tech manufacturers, will offer even higher starting salaries — from NT$30,000 for new graduates.
Corporate executives cited “willingness to learn and high potential for being trained” as the major reasons for their desire to hire new graduates.
Some companies also admitted that they hire new graduates to cut costs.
“About 96.7 percent of local companies we surveyed said they are willing to hire new college graduates,” said Lin Ming-hui (林明慧), a public relations officer of yes123.com.
This has increased from 90 percent last year.
To get an early start, 73.8 percent of graduates began to apply for jobs as early as a month before graduation, compared with 81.1 percent in last year’s survey.
“It indicates that this year’s graduates have not pushed as hard as their predecessors in finding jobs,” Lin said.
However, the survey found that 57.9 percent of the graduates responding this year were - optimistic about landing a job within one month, which is an increase from last year’s 38.8 percent.
On average, this year’s graduates expect a starting salary of NT$27,611 per month — NT$3,800 higher than what was expected last year and also NT$3,498 higher than the average that businesses are willing to offer this year.
The online job bank conducted the survey between May 12 and May 22. It received 210 valid samples from companies and 2,205 samples from job seekers.
The results have a confidence level of 95 percent and a margin of error of plus or minus 1.98 percentage points.