More than half of the enterprises in Taiwan froze salaries this year amid worries about an economic slowdown at home and abroad, according to a survey released yesterday by 1111 Job Bank (1111人力銀行).
About 54 percent of the 413 companies polled said they had not given their employees a pay raise this year and have no plans do so any time soon.
About 29 percent of the companies said they have given pay increases to some of their employees, while 17 percent said they have hiked the pay of all their employees.
Among the companies that gave wage increases, 41.29 percent said the hike was no more than 2 percent, 37.62 percent said it was 3 percent to 5 percent, 16.2 percent said the increase was between 6 percent and 10 percent, and 4.89 percent said it was more than 10 percent.
The average pay increase among all the companies taking part in the poll was 4.42 percent.
Employees in the retail sector received the highest pay hikes, followed by those in the media and publication business and the traditional industrial sector, the job bank said.
After adjustments for inflation, which averaged 1.37 percent in the past 11 months, it was found that employees did get an actual pay hike, according to the job bank.
Looking ahead, the job bank said about 67 percent of Taiwanese companies have no plans to raise wages next year as they are still being haunted by economic uncertainty.
Among those that intend to hike wages next year, more than half said they would cap the increase at less than 2 percent, the job bank said. The average pay hike is expected to be around 3.68 percent, it said.
Meanwhile, 49 percent of the companies surveyed said their market outlook for the first quarter of next year would not be much different from this year, while 33 percent said it would be better and 18 percent said it would be worse, according to the poll.