A latest survey said on Jan. 30 that approximately 87% of employers in Taiwan, foreign and domestic, will offer year-end bonuses to their employees this year.

The poll was conducted by the 1111 Job Bank while a total of 540 employers in Taiwan participated in the questionnaire. Approximately 86.53% of them said that they have prepared related year-end bonuses to their employees and will issue them before the Lunar New Year, which will fall on Feb. 19 this year.

Statistics of the annual survey by the 1111 Job Bank showed that approximately 94.72% of employers in Taiwan said that they were offering year-end bonuses in 2006, and the figure continued to go down until this year. The job bank said that the higher percentage of those employers who are willing to offer the year-end bonuses reflected a recovery in both domestic and global economy.

Prior to the survey, the government released an advance estimate earlier, saying that that Taiwan’s GDP grew 3.51% last year, beating its previous forecast of a 3.43% increase.

Due to an improvement in earnings, the survey discovered that most employers will issue year-end bonuses equivalent to 1.34 months of monthly paychecks on average, up from 1.33 months which was seen a year earlier. The figure was a high since 2011, when the average year-end bonuses equaled 1.41 months of salary.

Quoting the survey, the job bank said that 17.4% of the employers who will issue bonuses said that their employees are expected to get higher year-end bonuses this year. In the meantime, 56% of the employers said that they will issue bonuses based on employee performances, while 31.1% of them said that they will take seniority into consideration.

Among all the various industries, the survey said, the manufacturing sector, which has got a boost from rising global demand, will offer the most amount year-end bonuses to their employees, followed by the financial sector and the services sector.

The job bank said, however, the year-end bonuses to be issued by the property development sector will lag behind these three sectors as the local housing market has been sluggish. Employees from the property sector, however, have enjoyed the fattest checks for their year-end bonuses last year, the job bank said.

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A latest survey released by the European Chamber of Commerce Taiwan (ECCT) said on Jan. 29 that it will become more and more difficult for companies to recruit quality employees in Taiwan, due to slow wage increases.

Michael Page Salary and Employment Forecasts, an annual survey by ECCT, said that Taiwan’s job market has been underperforming if it is compared with those developed Asian economies.

The survey showed that there are many technology firms for innovation in Taiwan, and these high-tech companies continue to hire and recruit talents in fields of design, research and development, but, a serious brain drain also continued to affect Taiwan as the nation has experienced very little wage inflation during the past decades.

“Companies — in particularly high-tech companies — from China, Hong Kong and Singapore, as well as other locations around the world including California, have targeted Taiwanese talent,” said Chris Preston, regional director of Michael Page Taiwan. “Because salaries in Taiwan have been stagnant in recent years, Taiwanese people who go abroad for their careers know that they will need to take a pay cut if they decide to return to Taiwan,” Preston said.

In Taiwan, 65% of surveyed employers expect to offer salary increases of between 1% and 5% in the coming year, in line with Hong Kong. In China, however, 61% of surveyed employers plan to offer salary increases of between 6% and 10%, as Chinese employers are willing to pay top paychecks to the best employees and offer more moderate pay rises for average employees, according to the survey.

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