More than half of Taiwanese workers whose main source of income is their salary are trying to beat wage stagnation by working harder to show their bosses that they deserve higher pay, according to a survey by 1111 Job Bank (1111人力銀行).
In a survey of salaried men and women across the nation conducted between Sept. 29 and Monday last week, 54.92 percent of the respondents said they were working harder in a bid to seek promotion and pay raises.
Among the well-known business leaders, respondents deemed Terry Gou (郭台銘) of Hon Hai Technology Group (鴻海科技集團) and Morris Chang (張忠謀) of Taiwan Semiconductor Manufacturing Co (台積電) the bosses most willing to give pay raises to their employees.
The survey found that a majority of Taiwanese workers are relying on themselves to increase their income, with 33.35 percent making financial investments and 31.8 percent moonlighting.
Job Bank vice president Ho Chi-sheng (何啟聖) said young people should study the prospects of each industry and line of jobs before accepting their first job offer.
If a certain job is promising in the future, but offers low entry-level pay, “you can accept the offer and then use the opportunity to prepare for the future,” Ho said.
He suggested that such people can take side jobs, work on special projects or use family resources to weather the low-pay period of their lives while training themselves to be experts in their fields.
“Investing in yourself and boosting your skill sets to increase your contribution are the best way to get through the low-pay period,” Ho added.
His company received 1,084 valid samples for the survey, which had a confidence level of 95 percent with a margin of error of plus or minus 2.97 percentage points.
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