2014 average monthly wage was NT$38,161, up 1.76%


CNA

TAIPEI–The average regular monthly wage in Taiwan for the first 11 months of last year rose 1.76 percent from a year earlier on the back of an economic recovery, the Directorate General of Budget, Accounting and Statistics (DGBAS, �D�p�B) said Thursday.

According to statistics compiled by the DGBAS, the average monthly regular wage in the 11-month period totaled NT$38,161 (US$1,211), up from NT$37,500 recorded over the same period of last year.

The DGBAS said the 1.76 percent year-on-year increase was the highest growth for the same period of the year since 2000, when growth stood at 2.86 percent. Lo Yi-ling, deputy director of the DGBAS Department of Census, said the statistics show that regular wages in Taiwan have been growing in line with a recovery in the domestic economy.

After inflationary adjustments, the average real monthly regular wage for the 11-month period hit NT$36,690, up 0.50 percent from the same period of last year. The growth was the highest since 2010, when the average real regular wage in the first 11 months of the year grew 0.77 percent from a year earlier. Lo said that as the local economy is on the road to recovery, an increasing number of corporations operating in Taiwan appeared willing to pay their employees annual and performance bonuses, which raised wages in the 11-month period.

The DGBAS data shows that the average monthly wage, including bonuses and overtime pay, for the 11 months totaled NT$47,377, up 3.89 percent from a year earlier.

After adjustment for inflation, the average monthly real wage for the 11-month period rose 2.60 percent from a year earlier to NT$45,550. The growth was the highest level in four years, the government agency said.

In November alone, the average monthly regular wage stood at NT$38,279, down 0.52 percent from November but up 1.80 percent from a year earlier, while the average monthly wage, including bonuses and overtime pay, hit NT$42,370, up 0.41 percent from a month earlier and also up 2.44 percent from a year earlier.