Almost 26 percent of employees in Taiwan have faced a wage hike freeze for more than three years, at a time when the country is suffering salary stagnation, according to online 1111 job bank.
Citing the results of a survey, which collected 1,140 valid questionnaires, 1111 job bank said that 25.74 percent of the respondents said that they have not been given a pay raise for more than three years.
The survey results show that 9.70 percent of the employees polled said that their wage hike freeze lasted for three years, 8.02 percent said that they had no raise for four years, and 5.49 percent said they had five years of wage hike freeze.
In the poll, only 16.9 percent of the respondents said that they got a raise this year, and 24.5 percent said they could get a raise later this year, while 58.7 percent said that it is unlikely for them to have a fatter paycheck this year.
Among those who have received raises, 26.2 percent of them said that their companies have a pay hike evaluation mechanism in place, 25.5 percent of them said that their job content has been adjusted or they have had to shoulder a heavier workload, and 13.4 percent said that they got promoted, the job bank said.
According to the job bank, almost 61 percent of those who have got a raise so far this year witnessed their monthly salaries increasing between NT$1,000 (US$31.25) and NT$3,000, with the average raise at NT$2,291.
Based on the average regular wage of NT$39,203 for 2015 announced by the Directorate General of Budget, Accounting and Statistics, 1111 job bank said that the pay raise hit 5.8 percent for this year.
The survey results show that employees in the education and government agencies tended to have higher pay raises, ahead of the information technology business and the trading/logistics industry.
To get a pay raise, 25.8 percent of the respondents said that they demanded more money from their employers, but almost 60 percent of those who made such a request witnessed their demands turned down, the job bank said. The job bank said that 39.5 percent of the respondents said that they did not dare to make any pay raise request, but just waited and stayed passive.
The survey shows that more than 21 percent of the respondents said that if they failed to get a raise for a long time, they would quit.
The survey was conducted during the period Oct. 28-Nov. 14. It had a confidence level of 95 percent and a margin of error of plus or minus 2.9 percentage points, the job bank said.
Source: Focus Taiwan News Channel