TAIPEI (TVBS News) — Seventy-one percent of Taiwanese workers expect to receive a year-end bonus, with 21.1% predicting it will be larger than last year's payout, a recent survey by Yes123 job bank revealed on Tuesday (Dec. 19).
The "Year-End Bonus Distribution and Willingness to Hold Year-End Banquet Survey" indicated that dissatisfaction with the year-end bonus amounts could lead 64.2% of office workers to consider resigning.
Despite these concerns, 70.9% of employees anticipate receiving their 2023 bonus before the 2024 Lunar New Year holiday, marking a five-year high that slightly trails the 71% expectation seen in 2018.
For the 29.1% of the workforce not expecting a bonus, reasons include company profit declines (15.8%), non-full-time employment status such as contract or temporary work (5.2%), insufficient tenure (4.7%), and personal performance (3.4%).
Among those eligible for a bonus, 18.6% believe they will receive less than last year, while 60.3% expect a similar amount.
The main intended uses for the bonuses are savings (45.5%), honoring parents (43.2%), loan payments (40.5%), handing out red envelopes (39.3%), and investing (31.4%).
Workers deem the ideal distribution of bonuses should be proportionate to personal performance (41.9%), equitable for all employees irrespective of performance (32.6%), or tied to company profit (25.5%).
Many believed that factors to impact the size of year-end bonuses include company profits (69.2%), personal performance (52.3%), moods of bosses or major shareholders (51.4%), years of service (50.4%), job rank (26.7%), and relationships with bosses or supervisors (25.5%).
The online survey was conducted between Dec.1 and Dec. 14, with 1,336 valid responses from graduates or those out of military service and are currently employed.
It held a 95% confidence interval and a margin of error of plus/minus 2.65%.