The number of employees in the nation held steady in September from one month earlier at 7.95 million, while the average monthly take-home pay rose 2.11 percent year-on-year to NT$42,757, the Directorate-General of Budget, Accounting and Statistics (DGBAS) said yesterday.
The figures suggested a stable workforce, but represented a drop of 67,000 workers from the pre-COVID-19 level, DGBAS Deputy Director Chen Hui-hsin (陳惠欣) told a news conference in Taipei.
“Although Taiwan has kept the virus outbreak at bay, its negative impact lingers,” Chen said.
Photo: Ann Wang, Reuters
The number of employees also shrank 0.47 percent, or by 38,000 people, from the same period last year.
The labor accession rate in September weakened by 0.12 percentage points from August to 2.59 percent, while the labor exit rate softened by 0.1 percentage point to 2.58 percent, the statistics agency said in a report.
That was because the number of people rehired or added to the payroll fell by 9,000 to 206,000, it said.
In the meantime, the number of people who quit, retired or lost jobs dropped by 8,000, it added.
Manufacturing sectors saw the most headcount changes, it said.
The monthly average take-home pay rounded off to NT$42,757 for both domestic and foreign workers, suggesting a 2.11 percent pickup from the level last year, it said.
Adding overtime and performance-based compensations, the total average monthly wage gained 2.41 percent to NT$50,512, it said.
Average working hours totaled 180.9 hours, an increase of 17.7 hours from a year earlier, attributable mainly to more working days this year, the agency said.
Workers at financial and insurance companies registered the biggest increase of 1.47 percent in monthly take-home pay, followed by employees at construction companies with a 1.33 percent raise, the report said.
Staffers at airline companies enjoyed the highest take-home pay of NT$71,232 a month, while those at non-school education facilities had the lowest monthly pay at NT$25,170, it said.
Employees at electronics makers had the highest overall monthly pay of NT$90,082, including bonuses, a 25.58 percent spike from one month earlier, as local suppliers benefited from a boom in business linked to the pandemic.
For the first nine months of the year, average monthly take-home pay increased 1.49 percent year-on-year to NT$42,391, while total monthly compensations edged up 1.74 percent to NT$55,772, the report said.
The Web-based 104 Job Bank (104人力銀行) reported similar findings in an annual survey, saying that the average annual pay would reach NT$641,000 this year, a fractional 0.7 percent increase from last year.
Only 2.9 percent of local companies raised monthly wages for employees this year as most of them have adopted a conservative business outlook amid the pandemic, the job bank said.
DAMAGE REPORT: Global central banks are assessing war-driven inflation risks as the law of unintended consequences careens around the world, spiking oil prices Central banks from Washington to London and from Jakarta to Taipei are about to make their first assessments of economic damage after more than two weeks of conflict between the US and Iran. Decisions this week encompassing every member of the G7 and eight of the world’s 10 most-traded currency jurisdictions are likely to confirm to investors that the specter of a new inflation shock is already worrying enough to prompt heightened caution. The US Federal Reserve is widely expected to do exactly what everyone anticipated weeks ahead of its March 17-18 policy gathering: hold rates steady. The narrative surrounding that
Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) share of the global foundry market rose to almost 70 percent last year amid booming demand for artificial intelligence (AI), market information advisory firm TrendForce Corp (集邦科技) said on Thursday. The contract chipmaker posted US$122.54 billion in revenue, up 36.1 percent from a year earlier, accounting for 69.9 percent of the global market, TrendForce said. Its share was up from 64.4 percent in 2024, it said. TSMC’s closest rival, Samsung Electronics, was a distant second, posting US$12.63 billion in sales, down 3.9 percent from a year earlier, for a 7.2 percent share of the global market. In the
At a massive shipyard in North Vancouver, Canadian workers grind metal beams for a powerful new icebreaker crucial to cementing the country’s presence in the increasingly contested arctic. Icebreakers are specialized, expensive vessels able to navigate in the frozen far north. And “this is the crown jewel,” said Eddie Schehr, vice president of production at the Seaspan shipyard. For Canadian Prime Minister Mark Carney, who heads to Norway next Friday to observe arctic defense drills involving troops from 14 NATO states, Canada’s extreme north has emerged as a strategic priority. “Canada is and forever will be an Arctic nation,” he said ahead of
Chinese entrepreneur Frank Gao used to spend long hours running his social media accounts but now outsources the chore to artificial intelligence (AI) agent tool OpenClaw, which is taking China by storm despite official warnings over cybersecurity. OpenClaw, created in November by an Austrian coder, differs from bots such as ChatGPT because it can execute real-life tasks such as sending e-mails, organizing files or even booking flight tickets. “Since January, I’ve spent hours on the lobster every day,” Gao said in an interview, referring to OpenClaw’s red crustacean mascot. “We’re family.” After downloading OpenClaw, users connect it to artificial intelligence models of their