Av­er­age nom­i­nal wage in first two months up over 6 per­cent

The China Post - - LOCAL -

The av­er­age nom­i­nal wage in Tai­wan for the first two months of this year rose more than 6 per­cent from a year ear­lier on the back of year-end bonus pay­outs, ac­cord­ing to gov­ern­ment statis­tics re­leased Wed­nes­day.

The av­er­age nom­i­nal wage, in­clud­ing regular pay, over­time pay and bonuses, for the twom­onth pe­riod stood at NT$69,287 (US$2,228), up 6.55 per­cent from a year ear­lier, the Di­rec­torate Gen­eral of Bud­get, Ac­count­ing and Statis­tics (DGBAS) said.

The av­er­age salaries in the two months were the high­est com­pared with the same two-month pe­ri­ods in the past, the DGBAS said.

The gov­ern­ment agency said that as the Lu­nar New Year hol­i­day fell in mid-Fe­bru­ary, most lo­cal em­ploy­ers doled out year-end bonuses in Fe­bru­ary, while some of them gave year-end bonuses in De­cem- ber or Jan­uary.

Dur­ing the De­cem­ber-Fe­bru­ary pe­riod, the av­er­age year-end bonuses re­ceived by em­ploy­ees in Tai­wan were equiv­a­lent of 1.69 months of salary, the DGBAS said, adding that the lat­est year-end bonus pay­out was the high­est in a decade due to a re­cov­ery in the lo­cal econ­omy.

In the two-month pe­riod, the av­er­age regular nom­i­nal wage rose 1.62 per­cent from a year ear­lier to NT$38,347, while the av­er­age non-regular nom­i­nal wage jumped 13.37 per­cent from a year ear­lier to NT$30,940, the DGBAS added.

Af­ter in­fla­tion­ary ad­just­ments, the av­er­age real wage dur­ing the two month pe­riod rose 7.16 per­cent from a year ear­lier to NT$67,617, which was the high­est com­pared with the same two-month pe­ri­ods in pre­vi­ous years, the DGBAS said.

In the two-month pe­riod, the real non-regular wages — cov­er­ing only over­time pay and bonuses — rose 2.20 per­cent to NT$37,423, the DGBAS said.

In Fe­bru­ary alone, the av­er­age nom­i­nal wage in Tai­wan stood at NT$86,666, up 66.77 per­cent from a month ear­lier and up 107.58 per­cent from a year ear­lier, which serves as fur­ther ev­i­dence that yearend bonuses served as a driver to the wage in­crease at a time when the lo­cal job mar­ket was im­prov­ing, ac­cord­ing to the gov­ern­ment data.

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