Average wage for new graduates falls slightly amid COVID-19: poll

Taipei,  Despite the economic impact of COVID-19, nearly 60 percent of enterprises in Taiwan are still willing to hire new graduates, but the monthly average salary they are offering is NT$28,106 (US$940.31), down 0.43 percent from a year earlier, according to a survey released by the 1111 online job bank.

Owing to the COVID-19 pandemic impact on the labor market, the standard monthly wage for March averaged NT$42,309, down 0.01 percent from a month earlier and the first decline in 40 years, data compiled by the Directorate General of Budget, Accounting and Statistics (DGBAS) showed.

The development has sparked concerns over whether the coronavirus pandemic will affect companies’ willingness to hire new graduates as this year’s graduation season approaches.

However, 62 percent of enterprises said their employee recruitment plans will not be affected by the pandemic, while 38.3 percent of companies will adjust their plans, including postponing them or expanding recruitment channels, according to the survey.

The poll also found that 60 percent of businesses are willing to hire new graduates, 52.1 percent of which employ new graduates every year, although the monthly average salary they are offering to graduates this year fell 0.43 percent from a year ago to NT$28,106.

The monthly average pay for new graduates from universities saw the largest drop of 0.69 percent year-on-year to NT$27,854, the poll found.

However, the pay for new graduates with a master’s degree rose 3.06 percent from last year, according to the survey.

The poll was conducted from April 27 to May 11, with 760 valid samples collected, according to the 1111 online job bank.

 

Source: Focus Taiwan News Channel

Leave a Reply

Your email address will not be published. Required fields are marked *

For security, use of Google's reCAPTCHA service is required which is subject to the Google Privacy Policy and Terms of Use.

I agree to these terms.