Around 47 percent of employees expect to be offered no year-end bonus, Yes 123 job bank has said. The Lunar New Year holiday is the traditional time for employees to receive bonuses, in the form of cash rewards or stock shares.
Around 47 percent of employees expect to be offered no year-end bonus, Yes 123 job bank has said. The Lunar New Year holiday is the traditional time for employees to receive bonuses, in the form of cash rewards or stock shares.
A survey of Yes 123 job bank shows that 47.8 percent of employees have not been offered a year-end bonus. For those getting a bonus, the average year-end sum received is 1.05 months of their salary. The average year-end bonus in 2011 was 1.12 months. In that year, 41.8 per cent of employees were not offered a bonus – 6 per cent less than this year. The survey indicated that for the 2011 year-end bonus, 57.1 per cent of workers received less than NT$30,000, 23.3 per cent got between NT$30,000 and NT$60,000, and 9.5 per cent walked away with NT$60,000 to NT$90,000. The survey also showed that in 2011 only 2 per cent of employees received a bonus over NT$600,000.
The low rate of year-end bonuses may decrease employee loyalty to their company. According to the job bank, 49.2 per cent of employees said they would respond to not receiving a bonus by looking for work with other employers; while 50.8 per cent of employees said they would stay with the same employer.
Yes 123 job bank said year-end bonus are an attraction to keep talented employees. The job agency said there are, however, other means by which to attract job seekers, including the potential for promotion. In addition, the high-tech industry is considered to have the best benefits, despite an increase in the number of unpaid holidays given a decline in exports. The high-tech industry is expected to provide the most generous year-end bonus; while the finance sector offers the second-best bonus. Coming third is the hotel, catering and hospitality industry, and fourth is the service sector.
This year, due to a decline in the economy, many firms have either downsized or increased the prevalence of unpaid leave for workers.
The job bank’s survey was conducted between Dec. 7 and Dec. 13, with 1,417 workers participating and a margin of error plus or minus 2.6 percentage points
