Average monthly take-home pay rose to NT$41,110 in September, up 2.48 percent from a year earlier, as a stable economy allowed firms to raise salaries, the Directorate-General of Budget, Accounting and Statistics (DGBAS) said yesterday.
The monthly figure was the second-highest for the month of September, thanks to a stable job market and the distribution of Mid-Autumn Festival compensation, DGBAS Deputy Director Pan Ning-hsin (潘寧馨) told a media briefing.
It does not factor in overtime pay and performance bonuses, which averaged NT$6,467 in September, Pan said.
Total compensation averaged NT$47,577, an increase of 3.85 percent from a year earlier, the statistics agency said in a report.
Companies supplying electricity and gas offered the highest monthly take-home pay at NT$65,396, followed by financial firms at NT$60,430, and companies in the information technology and telecommunication sectors at NT$57,278, it said.
The agency is studying the possibility of releasing median income numbers based on tax income and health insurance data, as online job banks show that more than 3 million workers have difficulty making ends meet, meaning they earn less than the average wage, Pan said.
MULLING CHANGES
“The agency is mulling methodology changes to conduct the wage survey through use of labor insurance, personal income and pension figures,” Pan said.
The agency relies on data provided by companies in different sectors and has no access to further breakdowns, Pan said.
Critics have long said that high-income earners push up the average wage, which is untenable for most workers.
The Legislative Yuan last week passed a bill that requires companies to disclose wage figures in recruitment ads if they are lower than NT$40,000 a month, instead of using the term “negotiable.”
TECH PARTNERSHIP: The deal with Arizona-based Amkor would provide TSMC with advanced packing and test capacities, a requirement to serve US customers Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is collaborating with Amkor Technology Inc to provide local advanced packaging and test capacities in Arizona to address customer requirements for geographical flexibility in chip manufacturing. As part of the agreement, TSMC, the world’s biggest contract chipmaker, would contract turnkey advanced packaging and test services from Amkor at their planned facility in Peoria, Arizona, a joint statement released yesterday said. TSMC would leverage these services to support its customers, particularly those using TSMC’s advanced wafer fabrication facilities in Phoenix, Arizona, it said. The companies would jointly define the specific packaging technologies, such as TSMC’s Integrated
An Indian factory producing iPhone components resumed work yesterday after a fire that halted production — the third blaze to disrupt Apple Inc’s local supply chain since the start of last year. Local industrial behemoth Tata Group’s plant in Tamil Nadu, which was shut down by the unexplained fire on Saturday, is a key linchpin of Apple’s nascent supply chain in the country. A spokesperson for subsidiary Tata Electronics Pvt yesterday said that the company would restart work in “many areas of the facility today.” “We’ve been working diligently since Saturday to support our team and to identify the cause of the fire,”
China’s economic planning agency yesterday outlined details of measures aimed at boosting the economy, but refrained from major spending initiatives. The piecemeal nature of the plans announced yesterday appeared to disappoint investors who were hoping for bolder moves, and the Shanghai Composite Index gave up a 10 percent initial gain as markets reopened after a weeklong holiday to end 4.59 percent higher, while Hong Kong’s Hang Seng Index dived 9.41 percent. Chinese National Development and Reform Commission Chairman Zheng Shanjie (鄭珊潔) said the government would frontload 100 billion yuan (US$14.2 billion) in spending from the government’s budget for next year in addition
Sales RecORD: Hon Hai’s consolidated sales rose by about 20 percent last quarter, while Largan, another Apple supplier, saw quarterly sales increase by 17 percent IPhone assembler Hon Hai Precision Industry Co (鴻海精密) on Saturday reported its highest-ever quarterly sales for the third quarter on the back of solid global demand for artificial intelligence (AI) servers. Hon Hai, also known as Foxconn Technology Group (富士康科技集團) globally, said it posted NT$1.85 trillion (US$57.93 billion) in consolidated sales in the July-to-September quarter, up 19.46 percent from the previous quarter and up 20.15 percent from a year earlier. The figure beat the previous third-quarter high of NT$1.74 trillion recorded in 2022, company data showed. Due to rising demand for AI, Hon Hai said its cloud and networking division enjoyed strong sales