Taiwan's median salary in 2023: a workplace trend you can't ignore

In 2023, the median annual total salary of employees in Taiwan's industrial and service industries reached NT$525,000, an increase of NT$1.221 trillion from 2022. This article will delve into the key trends of Taiwan’s median salary in 2023 and analyze the workplace changes behind it.

Key highlights of Taiwan median salary 2023

Median wages in industrial and service sectors continue to rise

Taiwan's median salary will be NT$525,000 in 2023, an increase of NT$1.221 trillion from the previous year.With the gradual economic recovery and industrial transformation, although wages have increased slightly, compared with the increase in prices and people's livelihood needs, structural pressure still exists.

List of main indicators

There are obvious differences in gender, age and education level

Men's wages are still higher than women's, and there is a big gap in pay between different age and educational levels.

40-49 years oldThis is the peak salary, reflecting the relative weakness of young and older workers. The higher the educational level, the more obvious the salary bonus is, and graduate school graduates earn almost twice as much as college graduates.

The salary gap between different industries is obviously widening

High salaries are concentrated in specific industries, and there is a clear gap between traditional and emerging industries.

Industries such as electricity and gas supply, finance and insurance are far ahead, while education and other service industries, which are mainly composed of part-time employees, are far below the overall level.

Company size and number of employees affect salary

The larger and more capital-rich companies are, the more advantageous their salaries are.

The year-end bonuses, benefits and development opportunities provided by medium and large enterprises have led to a significant breakthrough in salaries.

Taiwan Median Salary and Employment Trends

Structural Problems and Distributional Phenomena

Although Taiwan's median salary will increase overall in 2023, the wage polarization phenomenon is still obvious.Wages in many industries are relatively low, especially for some workers and service providers who are "marginal people" outside the "wage mainstream" and face difficulties in obtaining salary increases.

Migrant workers, foreign workers and atypical employment

The median salary of migrant workers and foreign employees is significantly lower.Many part-time workers are still struggling to make ends meet, which shows the segmentation and diversity of Taiwan's employment patterns, but also tests the fairness of the salary structure.

The relationship between education, professional ability and salary increase

Regardless of college or graduate school education, highly educated talents in industries such as industry, technology, finance, and energy are still the winners in terms of salary.Taiwan’s median salary data for 2023 also suggests that academic qualifications and industry professional certifications will become important keys to future salary growth.

How Taiwan's median wage in 2023 will affect your future

Taiwan's salary structure and workplace competition are becoming increasingly fierce. Individuals need to actively cultivate professional, cross-domain capabilities and flexible employment attitudes., only then can you gain a firm foothold in the changing workplace. Understanding Taiwan’s median salary in 2023 is not just a number about salary levels, but also essential key data for career choices, industry observations, and financial planning. Looking into the future, only by adapting to trends and continuing to improve can we stand out in the workplace and win our own value!