Starting salary up 2% for graduates: survey
The average starting salary Taiwanese employers offered newcomers to the local job market in 2015 grew about 2 percent from a year earlier at a time when local unemployment was on the decline, according to a job bank survey.
In the survey, 1111 Job Bank, one of Taiwan’s leading human resources agencies, said that employers offered NT$ 26,493 ( US$ 855) in starting salary on average to new college graduates who were first- time job seekers, up NT$ 524 or 2.02 percent from a year earlier.
The figure was the highest level since 1111 Job Bank launched the annual survey in 2007. The survey focuses on sal- aries offered to new graduates from technical colleges, universities and graduate schools.
The survey showed that the average starting salary for technical college graduates stood at NT$25,868, up 5.46 percent from a year earlier, the figure for 4-year university graduates rose 2.48 percent year-on-year to NT$ 26,869, and the starting wage for those who held a master’s degree increased to NT$ 28,596, up 0.28 percent year-on-year.
Daniel Lee ( ) , vice president of 1111 Job Bank, said that the average starting salary for newcomers to the job market still lagged behind the increase enjoyed by the overall job market in Taiwan, indicating that there is room to grow.
Lee said the results pointed to a trend with new entrants to the job market with higher degrees failing to get a significant increase in their starting salary over those with lesser degrees, while the gap among starting salaries for employees with technical college, university and master’s degrees has been narrowing.
The job bank said that the information technology sector offered the highest starting salaries, ahead of the medical, agricultural, environmental protection, commercial and service sectors.
The survey was conducted between June 2 and June 9, and collected a total of 431 valid questionnaires.
The National Taiwan University Class of 2015 toss their mortarboards during a graduation ceremony in Taiwan, yesterday. The average first-time salary after graduation has risen to NT$26,493 (US$855) a month this year, up NT$524 (2.02 percent) from a year earlier, according to a survey by 1111 Job Bank.