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Year-end bonuses lowest in 6 years
Publication Date : 07-02-2013
A recent survey covering year-end bonuses showed 39.24 per cent of employees of Taiwan enterprises will not receive year-end bonuses, 1111 Job Bank said yesterday.
The job bank released statistics showing that the total amount of money given toward year-end bonuses reached a six-year low, while the rate of Taiwan's enterprises that will give year-end bonuses for 2012 has dropped to its second lowest in the past six years.
The worst year was 2008, when the rate of enterprises that gave year-end bonuses was 63.93 per cent, the job bank said.
The percentage of enterprises that will give 2012 year-end bonuses was 79.28 per cent according to the survey. It also found that in 2012 employees received an average bonus of 1.18 months' salary.
The industries that give the most year-end bonuses are, in order, trade and logistics, service sectors and retail industries, said the job bank.
Industries that plan to give the least in year-end bonuses are, in order, media and publishing, medical, agriculture and ecology, and real estate, the survey showed.
The job bank said that 18.09 per cent of enterprises that participated in the survey said they had given their year-end bonuses earlier, before the Chinese New Year holiday, in order to avoid the increasing costs of the second-generation National Health Insurance.
According to the survey, 18.59 per cent of the enterprises said they had decreased the total of year-end bonuses by 4.74 per cent. Nearly 25 per cent of employees who will receive year-end bonuses said they expect around NT$20,000 to NT$30,000.
The survey showed 64 per cent of employees said the decreasing employment benefits make them consider choosing a different company. Around 36 per cent of employees said they would prefer to keep their current job, according to the job bank.
It also found that 50.68 per cent of employees will receive their companies' staff bonuses via benefits other than cash. The job bank said that 16.67 per cent of firms plan to give out coupons, and 9.52 per cent will hold staff parties.