The Cabinet on Monday promulgated a minimum wage increase program approved in a meeting convened by the Ministry of Labor earlier this month with the participation of representatives of labor unions and business groups, with effect from Oct. 1.
Under the program, an adjustment of the minimum hourly wage will be implemented first on Oct. 1, when the wage will increase to NT$126 (US$4.01) from the existing NT$120. It will be hiked again next January to NT$133.
Meanwhile, the minimum monthly wage will be increased from NT$20,008 to NT$21,009 with effect from Jan. 1, 2017, representing an increase of about 5 percent.
The Ministry of Labor has estimated that the minimum hourly wage increase will benefit a total of some 390,000 workers, while the minimum monthly wage hike will extend to about 1.25 million local employees and 370,000 foreign workers.
Source: Focus Taiwan News Channel