Taiwan Companies Set to Boost Salaries in 2025, Survey Finds
A new survey has revealed that nearly half of Taiwan’s businesses are planning to increase employee wages in 2025, marking the highest proportion in the past decade. The survey, conducted by the popular online job listings platform 104 Online Job Bank, found that 49.9% of companies in Taiwan intend to raise salaries by an average of 3.2% in the coming year.
The anticipated wage hike comes in response to ongoing labor shortages, which have prompted many employers to offer more attractive compensation packages in a competitive job market. With Taiwan’s labor market showing signs of tightening, companies are looking to retain skilled workers by offering better pay and incentives.
Key Findings from the 2025 Pay Raise Survey
According to the survey results, the average monthly salary in Taiwan is expected to rise by approximately NT$1,491 in 2025, based on an average pay of NT$47,000 (about USD 1,442.12) in 2024. While this increase is consistent with the wage growth seen in 2024, it represents a notable trend toward more widespread pay raises in Taiwan’s corporate sector.
Weber Chung (鍾文雄), a manager at 104 Online Job Bank, attributed the wage hikes to labor shortages, which have driven companies to offer more competitive compensation. He emphasized that many industries are facing difficulty attracting and retaining workers, leading to the need for higher salaries to maintain a strong workforce.
Which Sectors Are Offering the Biggest Pay Hikes?
The survey also highlighted that the consulting, accounting, and legal sectors are set to provide the highest average salary increases at 4.1%. This represents the highest average raise across all industries surveyed. These sectors continue to face a high demand for talent, and the pay raises reflect the growing competition for qualified professionals.
Other notable sectors expected to give significant pay raises include the communication equipment manufacturing sector (with a 3.8% average raise) and the semiconductor industry (with a 3.7% increase). Taiwan’s semiconductor sector, in particular, has been a key driver of economic growth, and companies in this field are working to attract and retain highly skilled engineers and technicians.
Meanwhile, the information technology and consumer electronics sectors are also showing strong wage growth, signaling the continued importance of technological expertise in Taiwan’s economy.
Year-End Bonuses: Financial Sector Leads the Pack
In addition to salary increases, the survey revealed that nearly all Taiwanese companies (99.5%) plan to offer year-end bonuses in 2024. The financial sector is expected to lead with the highest average bonus, offering an amount equivalent to 188% of an employee’s monthly salary. This marks the 13th consecutive year that the financial sector has been the leader in bonus payouts.
Other sectors also planning generous year-end bonuses include computer and consumer electronics and photoelectric and optical manufacturing sectors, which are expected to offer bonuses equivalent to 150% and 137% of monthly salaries, respectively.
In contrast, the accommodation and catering sector is expected to give out the smallest bonuses, averaging only 69% of employees’ monthly salaries.
Impact of Salary Increases on Taiwan’s Economy
Taiwan’s economy has been navigating a challenging post-pandemic recovery period, with companies struggling to find workers in key industries. The labor shortage, which has been exacerbated by demographic shifts and an aging population, is contributing to rising wages. These salary increases are seen as a necessary step for businesses to remain competitive and retain talent, particularly in high-demand fields such as technology and finance.
The wage hikes, coupled with year-end bonuses, could lead to higher disposable income for workers, stimulating consumer spending and contributing to economic growth in 2025. However, employers will need to balance these salary increases with the pressures of inflation and operational costs.
Table: Salary and Bonus Trends in Taiwan by Sector
| Sector | Average Salary Increase (%) | Year-End Bonus (% of Monthly Salary) |
|---|---|---|
| Consulting, Accounting, Legal | 4.1% | 112% |
| Communication Equipment | 3.8% | 137% |
| Semiconductor | 3.7% | 150% |
| Information Technology | 3.5% | 120% |
| Consumer Electronics | 3.5% | 130% |
| Photoelectric & Optical Mfg. | 3.4% | 125% |
| Financial Sector | 3.2% | 188% |
| Accommodation & Catering | 2.8% | 69% |
FAQ: Taiwan’s Salary Increases and Bonuses in 2025
| Question | Answer |
|---|---|
| How many companies in Taiwan plan to offer raises in 2025? | According to a survey, 49.9% of Taiwan’s companies plan to raise salaries in 2025. |
| What is the expected average pay raise in Taiwan for 2025? | Companies in Taiwan are expected to increase salaries by an average of 3.2% in 2025. |
| Which sectors are offering the highest pay raises? | The consulting, accounting, and legal sectors are expected to offer the highest pay raises at 4.1%. |
| What will be the average year-end bonus in Taiwan? | On average, Taiwanese companies will offer year-end bonuses equivalent to 112% of an employee’s monthly salary. |
| Which industry offers the largest year-end bonuses? | The financial sector is expected to provide the largest year-end bonuses, equivalent to 188% of the monthly salary. |
Looking Ahead: The Future of Wages and Employment in Taiwan
The survey results signal an optimistic outlook for Taiwanese employees in 2025, as wage increases become more widespread across various sectors. While salary raises are an important step toward addressing labor shortages, the real challenge for businesses will be to ensure long-term workforce sustainability and competitiveness in the global market. As companies continue to adjust to changing labor dynamics, the Taiwanese government, employers, and workers alike will need to collaborate to navigate these evolving economic conditions.
With Taiwan’s economy focusing heavily on technology, finance, and manufacturing, it’s likely that wages will continue to rise in these sectors, helping drive the nation’s economic growth and ensuring Taiwan remains an attractive destination for talent in the years ahead.
