Taiwan is the Asia-Pacific’s 11th-most-expensive location for expatriate salary packages, according to a survey by ECA International, a London-based human resources consulting firm.
ECA’s latest MyExpatriate Market Pay Survey shows that companies that need to post middle managers to Taiwan provide an average compensation package of US$233,000 per year.
This is lower than that of Tokyo — the most expensive Asian location — as well as Hong Kong, Singapore and some tier-one cities in China.
However, it is slightly higher compared with many tier-two Chinese cities, and almost on a par with expatriate packages in Vietnam, the findings show.
“For companies looking to set up operations in the region, Taiwan offers a more cost-effective alternative to mainland China’s major cities in terms of the costs to companies of attracting expatriate staff,” ECA regional director of Asia Lee Quane said.
“While packages have increased in value in both locations over the past year, the rate of this has been faster, overall, in mainland China than in Taiwan,” Quane said in the survey released on Wednesday last week.
The average package for expatriate middle managers in Taiwan lags behind Japan, Australia, India, China, Hong Kong, Singapore, Thailand, Indonesia, South Korea and the Philippines in the region, according to the survey.
With high living costs and tax levels, Japan remains home to Asia’s highest expatriate packages, with a middle-manager expatriate salary package worth US$379,000 per year on average.
ECA’s survey looks at pay levels for expatriates around the world, including information on benefits, allowances, salary calculation methods and tax treatment.
The results, free to participants, enable companies to benchmark their expatriates’ actual salaries against the market. More than 295 companies took part in the worldwide survey covering 163 countries and more than 10,000 international assignees.
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