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.
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
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
PRICE HIKES: The war in the Middle East would not significantly disrupt supply in the short term, but semiconductor companies are facing price surges for materials Taiwan’s semiconductor companies are not facing imminent supply disruptions of essential chemicals or raw materials due to the war in the Middle East, but surges in material costs loom large, industry association SEMI Taiwan said yesterday. The association’s comments came amid growing concerns that supplies of helium and other key raw materials used in semiconductor production could become a choke point after Qatar shut down its liquefied natural gas (LNG) production and helium output earlier this month due to the conflict. Qatar is the second-largest LNG supplier in the world and accounts for about 33 percent of global helium output. Helium is
RSS