National Chiao Tung University will raise funds to provide higher salaries to 120 chair professors, who are to be hired this year, university president Frank Chang (張懋中) said yesterday.
Faced with international competition, talent migration will affect the development of Taiwan’s higher education, Chang said, adding that the salaries are twice as high in Hong Kong, four times higher in Singapore, five times higher in Saudi Arabia and between five and seven times higher in the US.
“Taiwan has no competitiveness in terms of salary to solicit talent,” Chang said.
Chang taught at the University of California Los Angeles before returning to Chiao Tung last year.
The salaries of professors in Taiwan cannot compete with other nations, and universities in many nations have tried to lure talent from Taiwan, he said, adding that this is why he has decided to raise funds to boost the salaries of chair professors.
As this year marks the 120th anniversary of the school, he has decided to raise salary for 120 chair professors, adding that the goal is to raise NT$500 million (US$14.9 million) in four years, hoping to attract both local and foreign professors.
He is hoping that the monthly salary of young professors could reach between NT$100,000 and NT$130,000.
University senior vice president Chen Sin-horng (陳信宏) said a professor in Taiwan earns NT$100,000 per month on average, while a new assistant professor is paid between NT$60,000 and NT$80,000, which is much lower than in other nations, and could make it harder to retain talent.
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