News eDaily12 Apr 2017

Taiwan:Workers aged 15-29 earn US$1K in average monthly pay

12 Apr 2017

The average monthly salary of young workers in Taiwan stood at NT$29,427 (US$974) last year and NT$25,540 for those in their first job, according to a survey released by the Ministry of Labour.

The ministry published the results of a survey of young workers aged 15-29 who took part in the labour insurance programme and were working from October-November 2016, collecting 4,047 effective samples, reported the China Post newspaper.

The survey showed that the average monthly salary was NT$29,427 last year, up NT$502 from 2014. It was NT$3,887 higher than the NT$25,540 earned on average in first jobs, showing that most young workers gain salary increases after changing jobs.

In terms of age, the average monthly wage of workers aged 20-24 was NT$25,868 and the salary for their first job NT$23,119. The average monthly wage of workers 25-29 was NT$32,472 and the salary in their first job was NT$27,798.

The ministry said the latest survey showed that new entrants to the labour market on average spend two months looking for their first job, with up to half of them encountering difficulty because of lack of experience and not knowing which jobs are suitable.

The ministry said that the average age of landing a first job increased from 20.5 years of age in 2006 to 21.7 years of age in 2016.

The main considerations of young workers when looking for their first job are stability, salary and benefits, the survey showed.


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