I had a friend ask me about hard data on salaries and I found it’s kind of difficult to find highly specific, reliable information. Let’s start a thread where we only post fact-based links and hard data. Let’s start with something relatively light: Average regular pay hit 13-year high in first 10 months: DGBAS.
NT$38,480 per month in October, up 2.4 percent from previous year.
According to the National Statistics Agency’s wage records, including monthly salary, year-end bonus and overtime pay, the growth of Taiwan’s average monthly wage has stagnated. After normalizing with CPI (consumer price index), the Real Average Monthly Earnings actually regressed. Taiwan’s RAME of the first half of 2014 was 46,786 NTD, which is pretty much the same as 1997’s 46,646 NTD. [/quote]
So that means that 13 year high stat is not normalized, and compares raw salary numbers, which doesn’t take into the account of inflation.
Yea we will give you a few meager cents more, but we expect you to work you lousy slaves. I like the part where the regular working hour increased by 0.5 but overtime by only 0.1 . Workers in Taiwan really get the short end of the stick and you can see how highly they are “valued” by employers.
Perhaps BBC / CNN could add an additional show to their modern day slavery series to include China, Taiwan and Japan or make a top ten career killing destinations series.
I wonder what Taiwanese bosses think about the cost of high employee turnover or overtime related costs due to lost morale, creativity and employees choking on dead end careers they have created.
Obviously Taiwanese bosses are very happy with the situation.
Everybody ‘nu li’ together, boss pockets the profits.
:loco:
Japan’s working hours are often worse…the only difference…they tend to get paid better, that’s all (oh and they have a hell of a lot more public holidays). My Japanese colleagues often work from 9am to 9pm (2 hrs commute each way, 4 hrs sleep a night), one of them just took 2 days private leave this year. I don’t see any reason why other to ‘show’ his willingness to work the long hours.
Michael Page is a placement/headhunting agency. They post yearly forecasts with some specific information on salary ranges based on position titles and years of service, as well as some color on various industries.
[quote=“Oneup”]Michael Page is a placement/headhunting agency. They post yearly forecasts with some specific information on salary ranges based on position titles and years of service, as well as some color on various industries.