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.
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