Wed, Dec 14, 2011 - Page 11 News List

Majority of local companies plan to pay out bonuses

Staff Writer, with CNA

The results of a survey released yesterday show that the majority of Taiwanese companies would pay their employees year-end bonuses, even though the local economy is slowing down because of the debt crisis in the eurozone.

However, the size of the year-end bonuses they are prepared to give would be smaller than last year’s average, indicating that the local business sector is still feeling the pinch of the economic downturn, according to the online job bank that conducted the survey.

MAJOR BENEFICIARIES

The results of the poll, conducted by 1111 Job Bank from Dec. 1 through Friday last week, show that 86.14 percent of the 385 polled enterprises would be paying year-end bonuses, although the cash amount of the bonuses would total 1.41 months’ salary on average, 0.41 months lower than the figure recorded a year earlier.

The job bank said the remaining 13.86 percent of the companies polled said that annual bonuses are not in the pipeline this year.

CLOSE TO A MONTH

According to the survey, 63.4 percent of the polled companies planning to issue bonuses expect to give 1.1 or 1.2 months’ salary, while 17.15 percent plan to award more than two months’ salary and 19.45 percent said their bonuses would amount to less than one month’s salary.

The job bank said the services sector, including financial institutions, law firms and accounting companies, has the highest number of firms willing to pay year-end bonuses, followed by the trade and retail sector and the non-high-tech manufacturing sector.

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