TAIPEI (TVBS News) — As the Lunar New Year draws near, Taiwan's workforce is anticipating, with eyes fixed on the forthcoming year-end bonuses.
A recent survey conducted by a local job bank unveiled that nearly half of the employees are considering a career change before receiving their bonuses, citing the pursuit of higher pay as a primary motivator.
Survey Insights
The survey indicates a significant shift in the employment landscape, with 48% of respondents looking to transition careers, driven by the desire for better remuneration. This comes at a time when the nation is on the cusp of its festive season, traditionally a period less known for career mobility.
Mr. Wang, who is in between jobs, voices his personal reasons, stating, "I'm not satisfied with certain aspects of my company, and I have my own career plan. The year-end bonus from my previous company was quite low for me. After further evaluation, I decided it didn't matter much."
Experts, including Tseng Chung-wei, spokesperson for 1111 Job Bank, have noted the pandemic's role in reshaping job perspectives. "During the pandemic, the industry or workforce may have been worried about the future of their jobs... We feel that we are now experiencing a gradual improvement in the economy post-pandemic," says Tseng.
Economic Recovery and Employment
The narrative of economic recovery post-pandemic intertwines with the current job market scenario.
Overwhelmed by pressure and burnout, many are seeking new opportunities and calling for a significant wage increase to retain their positions.
Companies are being prompted to consider wage hikes, with the survey suggesting an increase of NT＄6,958 for regular positions and NT＄8,537 for supervisory roles.
Despite the apparent eagerness for change, a substantial portion of the workforce is playing a waiting game, choosing to make career decisions post the bonus distribution.
This cautious approach underscores the complex interplay between financial incentives and career progression, especially as the nation grapples with the challenges of inflation.