Average Salary in Taiwan 2022

How much does a Taiwanese worker earn?

The average monthly salary in Taiwan is 129,000 Taiwanese dollars (TWD). More than 577,000 TWD per year is the average salary.

This is the typical monthly wage, which includes accommodation, transportation, and other perks as part of the package. The earnings potential of many professions varies enormously.

For instance, a university professor can make more than 1.5 million TWD annually, whereas a fast-food worker may only earn around 15,000 TWD.

Taiwanese Wage Distribution

Salary Scale

The average monthly wage in Taiwan is 32,700 Taiwan Dollars (TWD). The median wage is slightly lower at 30,500 TWD. However, these numbers can be deceiving because they do not reflect the distribution of wages.

Taiwan workers may earn anything from NT$22,834 per month to NT$1,000,000 per month. The highest 10% of earners make more than NT$83,333 per month. The lowest 10% of earners make less than NT$11,667 per month.

As you can see, the wage distribution in Taiwan is very skewed. The top earners make much more than the bottom earners. This is typical of many developed countries.

Median Compensation

With a typical wage of 129,000 Taiwanese dollars per month, 50% of the population makes less than this, while the other 50% make more. The median wage is the best measure of the average salary in Taiwan because it is not affected by a skew in the wage distribution.

The median wage in Taiwan has been rising steadily over the past few years. In 2016, it was 26,816 TWD. This means that wages have increased by 15.4% since then.

Percentiles

People earning less than 72,900 TWD account for 25% of the population, while those earning more than 72,900 TWD represent 75%.

In other words, if you earn less than 72,900 TWD per month, you are in the lowest 25% of Taiwanese earners, and if you earn more than 72,900 TWD per month, you are in the top 75% of Taiwanese earners.

The median salary in Taiwan is 52,039 TWD per month. This means that half of the Taiwanese workers earn more than 52,039 TWD while the other half earn less than 52,039 TWD.

How does the median pay vary from the average wage?

Both are indicators because they give us a good idea of how much the “average person” earns. The median is the salary in the middle of all salaries earned by workers.

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This means that half of all workers earn less than the median, while the other half earn more. The average wage is calculated by adding up all wages and dividing that number by the total number of workers.

Comparison of Taiwanese Wages Based on Years of Experience

What happens to a person’s wage over time?

Workers in Taiwan often see their salary increase as they gain more experience. Here is a comparison of wages in Taiwan based on years of experience.

  • 2-5 years of experience: TWD 30,000
  • 5-10 years of experience: TWD 40,000
  • 10-20 years of experience: TWD 50,000
  • 20+ years of experience: TWD 60,000

As can be seen, workers in Taiwan can expect to see their salaries increase as they gain more work experience. This is due to several factors, such as inflation and the increasing cost of living.

However, it is important to note that these figures are only averages and that individual salaries will vary depending on several factors, such as education, skills, and the specific industry in which one works.

Taiwanese Wage Comparisons Based on Education

What is the relationship between a person’s degree of education and the amount they make?

Education plays a huge role in our lives. It helps us get better jobs, which in turn allows us to improve our standard of living. In Taiwan, there is a clear relationship between education and income.

Workers with bachelor’s degrees are the highest earners, making an average of TWD 1,177,000 per year. This is followed by those with a master’s degree, who make an average of TWD 957,000 per year.

On the other end of the spectrum are those without a high school diploma, who make an average of just TWD 610,000 per year.

These figures show that getting a higher education can lead to a better-paying job. However, it’s important to note that not everyone has the same opportunities when it comes to education.

Some people come from families that can’t afford to send them to college, while others may have learning disabilities that make it difficult for them to succeed in school. As a result, there is a lot of inequality in Taiwan when it comes to income and education.

Comparison of Taiwanese Gender’s Salary

Taiwanese men earn an average of 6% more per year than their female colleagues in all industries. In the public sector, women earn 4% less than men. In the private sector, women earn 8% less than men.

The average salary in Taiwan is 31,842 New Taiwan dollars per month (which is about 1,060 US dollars). Men earn an average of 33,738 New Taiwan dollars per month (which is about 1,125 US dollars), while women earn an average of 29,945 New Taiwan dollars per month (which is about 995 US dollars).

There is a large gender pay gap in Taiwan. In all industries, men earn an average of 6% more per year than their female colleagues. The gender pay gap is particularly large in the private sector, where women earn 8% less than men.

The gender pay gap in Taiwan is large because women are more likely to work in lower-paying industries, such as the service industry, and are less likely to hold managerial positions.

In addition, women are more likely to take on part-time or flexible work arrangements, which tend to be paid less than full-time work.

Taiwan’s Annual Average Salary Increase Percentage

How much do Taiwanese workers get paid each year? Are increases given to staff on a more regular basis?

Every 28 months, Taiwanese workers may expect to get a 5% rise in their wages. However, this is not guaranteed and depends on the company’s budget and performance.

In general, it is fair to say that salaries in Taiwan are not as high as compared in other developed countries such as the United States or Europe. Employees in Taiwan often have to work long hours, and there is little chance for overtime pay. However, the cost of living in Taiwan is relatively low, which helps to offset some of the lower wages

The average salary in Taiwan is approximately TWD 35,716 per year. This figure has remained relatively stable over the past few years, despite a minor decrease between 2016 and 2017.

Although salaries in Taiwan are not as high as in other developed countries, the cost of living is also relatively low. This helps to offset some of the lower wages. For example, housing costs are relatively affordable, and food and transportation costs are also reasonable. Overall, Taiwan is a relatively affordable place to live.

Taiwan’s 2022 Industry-Specific Annual Growth Rate

  • Education – 5%
  • Information Technology – 7%
  • Banking – 3%
  • Environmental – 4%
  • Construction – 6%
  • Business and Professional Services – 8%
  • Retail and Consumer Goods – 9%
  • Healthcare and Life Sciences – 10%
  • Telecommunications – 11%
  • Media and Entertainment – 12%
  • Manufacturing – 13%

Taiwanese Salary Increase Rates by Level of Experience

Junior-level employees in Taiwan are set to receive the highest salary increases in 2022, at an average of 4.6%. This is followed by senior-level employees at 4.5% and entry-level employees at 3.9%. Managers will see an average salary increase of 3.8%.

The highest average salary increase in Taiwan will be seen by those working in the IT industry, at 5.1%. This is followed by those in the banking and finance industry at 4.7%, and the manufacturing industry at 4.6%.

Those with a Master’s degree or higher will receive the highest average salary increase in Taiwan, at 5.2%. This is followed by those with a Bachelor’s degree at 4.7%, and those with a high school diploma at 3.9%.

The average salary for all employees in Taiwan is set to increase by 4.4% in 2022. This includes a 5.1% increase for those employed full-time and a 3.0% increase for those employed part-time.

Rates of Bonuses and Incentives in Taiwan

What is the amount and frequency of bonuses?

60% of Taiwan’s employees stated they didn’t get any bonuses or incentives last year, while 35% indicated they got at least one monetary bonus.

Bonuses received by employees ranged from 3% to 6% of their yearly salaries. The most common bonus was an annual bonus, followed by a long service award.

The average bonus in Taiwan is 3% to 6% of an employee’s yearly salary. The most common bonus is an annual bonus, followed by a long service award.

Varieties of Bonuses

Individual Bonuses Based on Performance

This kind of bonus is given to employees as a reward for their good performance. It may be a one-time payment or given regularly (e.g. monthly, quarterly).

Workers that exceed expectations or have taken on extra responsibilities may receive this type of bonus. Employees may also get a bonus for completing a project successfully or ahead of schedule.

In some cases, an employer may give all employees a bonus if the company does well financially. For example, everyone in the company may receive a percentage of the profits as a bonus.

Bonuses Based on Company Performance

This type of bonus is usually given to executives and other high-level employees. It’s calculated as a percentage of the company’s profits, and it reflects how well the company is doing overall.

Employees may also receive a bonus based on their own individual performance. This could be in addition to, or instead of, a bonus based on the company’s performance.

Bonuses can be a great way to reward employees for their hard work and dedication. They can also motivate employees to continue performing at a high level and help retain top talent.

Achievement-Based Rewards

This is given to workers that have achieved particular goals or objectives, such as reaching a sales target. It may be a one-time payment or given regularly (e.g. monthly, quarterly).

Achievement-based rewards can be given to individuals or teams. They can be based on objectives that are specific to an individual employee or team, or they can be based on the company’s overall performance.

Seasonal or End-of-Year Payouts

This is a one-time bonus that’s paid out at the end of the year, or during a certain season (e.g. summer, winter). It’s usually given to employees that have been with the company for a certain period (e.g. one year, five years).

A seasonal bonus may be given to all employees, or it may be given to only those that meet certain criteria (e.g. performance goals, length of service).

A Taiwanese Comparison of Bonus Rates by Career Field

What makes a job worth the high pay and generous bonuses?

Some jobs are worthy of high bonuses. In computer technology, workers earn around TWD 1.5 million per year. The financial analysts earn an average of TWD 2.2 million while the marketing executives round up the top three with an annual income of TWD 3 million.

In Taiwan, the government officials and legislators are the ones who get the highest compensation and bonuses. They receive an average of TWD 5.4 million annually. This is followed by corporate CEOs who receive an annual pay of TWD 4.7 million. Rounding up the top three are bankers with an annual income of TWD 4 million.

Sales and customer service representatives are some of the lowest-paid workers in Taiwan. They only receive an average of TWD 300,000 to 400,000 annually, with little to no bonuses.

Taiwanese Seniority Level Bonus Comparison

Senior workers in Taiwan are granted higher salaries and bonuses than junior employees as a means of rewarding their loyalty and experience.

Senior bonuses are also given out as a way to attract and retain experienced workers within a company.

Pay for High-Potential Careers

Business Planning

  • Business Analyst – 170,000 TWD
  • Business Development Manager – 218,000 TWD
  • Project Manager – 175,000 TWD
  • Product Manager – 200,000 TWD
  • Marketing Manager – 174,000 TWD
  • Sales Manager – 208,000 TWD
  • Human Resources Manager – 164,000 TWD
  • Information Technology Director – 263,000 TWD

High-Paying Finance Careers

  • Investment Banker – 221,000 TWD
  • Financial Analyst – 159,000 TWD
  • Accountant – 145,000 TWD
  • Controller – 209,000 TWD
  • Actuary – 184,000 TWD
  • Auditor – 146,000 TWD

Healthcare / Medical

  • Careers
  • Physician – 324,000 TWD
  • Surgeon – 402,000 TWD
  • Psychiatrist – 320,000 TWD
  • Dentist – 270,000 TWD
  • Pharmacist – 216,000 TWD
  • Optometrist – 205,000 TWD

Careers in Education / Training / Library

  • University Professor – 261,000 TWD
  • High School Teacher – 165,000 TWD
  • Middle School Teacher – 149,000 TWD
  • Elementary School Teacher- 139,000 TWD
  • Librarian – 140,000 TWD

Comparison of Salary by City

Kaohsiung workers receive around 146,000 TWD and Taipei workers receive 162,000 TWD on average per month. The average salary in Taiwan is around 153,333 TWD.

Taiwan’s Standard Hourly Wage

750 TWD is the average Taiwanese hourly salary. The after-tax minimum hourly wage in Taiwan is TWD 140 per hour (about US $4.72). The average monthly salary in Taiwan is about TWD 56,000 (approximately US $1,890).

The Salary Differences Between the Government and Private Sector

Employees in Taiwan’s public sector earn, on average, 7% more than their private-sector colleagues.

The average salary in the public sector is TWD 61,973 (US$2,146), while the average salary in the private sector is TWD 57,934 (US$1,993).

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