More than 70 percent of companies in Taiwan have said they would pay their employees a cash bonus at the end of the lunar year in January next year, with most of them planning to give 1.17 months’ wage on average, a yes123 job bank survey released yesterday found.
Among the 71.4 percent of companies that have decided to hand out year-end bonuses before Lunar New Year’s Eve on Jan. 21, 20.7 percent said the payment would be higher than this year’s, while 6 percent said it would be lower, the survey found.
The other 73.3 percent are planning to pay a bonus similar to this year’s, which averaged 1.17 months’ salary, it said.
Photo: Tyrone Siu, Reuters
Meanwhile, 8.9 percent of the companies polled by the job bank said they had decided not to give their employees a bonus in January, and 19.7 percent were still considering the issue.
Regarding employees’ expectations, the poll found that 72.1 percent were anticipating a year-end bonus of 1.06 months’ salary on average, while 27.9 percent did not think they would receive a bonus.
Lunar New Year bonuses are likely to increase in January, as global demand for Taiwan’s industrial exports remains strong and the domestic economy is expected to rebound following the lifting of Taiwan’s border controls this month, yes123 spokesperson Yang Tsung-pin (楊宗斌) said.
A similar survey carried out by yes123 last year found that 66.9 percent of companies in Taiwan had planned to give bonuses, while 4.8 percent did not intend to.
Vincent Wei led fellow Singaporean farmers around an empty Malaysian plot, laying out plans for a greenhouse and rows of leafy vegetables. What he pitched was not just space for crops, but a lifeline for growers struggling to make ends meet in a city-state with high prices and little vacant land. The future agriculture hub is part of a joint special economic zone launched last year by the two neighbors, expected to cost US$123 million and produce 10,000 tonnes of fresh produce annually. It is attracting Singaporean farmers with promises of cheaper land, labor and energy just over the border.
US actor Matthew McConaughey has filed recordings of his image and voice with US patent authorities to protect them from unauthorized usage by artificial intelligence (AI) platforms, a representative said earlier this week. Several video clips and audio recordings were registered by the commercial arm of the Just Keep Livin’ Foundation, a non-profit created by the Oscar-winning actor and his wife, Camila, according to the US Patent and Trademark Office database. Many artists are increasingly concerned about the uncontrolled use of their image via generative AI since the rollout of ChatGPT and other AI-powered tools. Several US states have adopted
KEEPING UP: The acquisition of a cleanroom in Taiwan would enable Micron to increase production in a market where demand continues to outpace supply, a Micron official said Micron Technology Inc has signed a letter of intent to buy a fabrication site in Taiwan from Powerchip Semiconductor Manufacturing Corp (力積電) for US$1.8 billion to expand its production of memory chips. Micron would take control of the P5 site in Miaoli County’s Tongluo Township (銅鑼) and plans to ramp up DRAM production in phases after the transaction closes in the second quarter, the company said in a statement on Saturday. The acquisition includes an existing 12 inch fab cleanroom of 27,871m2 and would further position Micron to address growing global demand for memory solutions, the company said. Micron expects the transaction to
A proposed billionaires’ tax in California has ignited a political uproar in Silicon Valley, with tech titans threatening to leave the state while California Governor Gavin Newsom of the Democratic Party maneuvers to defeat a levy that he fears would lead to an exodus of wealth. A technology mecca, California has more billionaires than any other US state — a few hundred, by some estimates. About half its personal income tax revenue, a financial backbone in the nearly US$350 billion budget, comes from the top 1 percent of earners. A large healthcare union is attempting to place a proposal before
RSS