Taiwan increases minimum wage by $0.25

Starting on Jan. 1, 2014, the minimum wage per hour will increase by NT$6 (S$0.25), based on the Labor Standards Act, the Department of Labor of the Taipei City Government said yesterday.

The Cabinet's Council of Labor Affairs announced on Oct. 3 that starting next year the minimum hourly wage will be adjusted to NT$115 per hour, while the minimum monthly wage will be adjusted to NT$19,273 on July 1. The government called on employers to take appropriate measures to meet the regulation's requirements.

Taipei Department of Labor Commissioner Chen Yeh-shin said that compared with other companies, convenience stores, supermarkets and the food services hire more people who are paid based on the hour. Chen said that these companies need to make sure that their employees are paid at least NT$115 per hour next year.

In addition, the adjustment to the hourly wage should also be taken into consideration while calculating payments of pension funds, severance payment, labour insurance and National Health Insurance, Chen said.