Taiwan's Minimum Wage Increase: What Foreign Workers Should Know
On September 4, Taiwan's Ministry of Labor held a meeting to review the minimum wage. After about four hours of discussion, it was decided that the minimum wage will be increased once again starting January 1, 2025. The monthly wage will rise from NT$27,470 to NT$28,590, a 4.08% increase, while the hourly wage will go up from NT$183 to NT$190, marking a 3.8% increase. This adjustment is expected to benefit over 2.57 million workers, including around 2.2 million local employees and 368,000 foreign workers.
A Significant Wage Increase: Consensus Reached Between Employers and Employees
According to the Minister of Labor, both employers and employees agreed on the wage increase during the discussions. After thorough deliberation, a consensus was reached, and the new wage levels are expected to significantly improve the living conditions of workers. For foreign workers in Taiwan, this change is particularly relevant, as it will enhance their earning power and improve overall job satisfaction.
Minimum Wage Evolution Over the Past Nine Years
Since 2017, Taiwan’s minimum wage has been steadily increasing for nine consecutive years. Back in 2017, the monthly wage was just NT$21,009, and the hourly wage was NT$133. By 2024, the monthly wage had risen to NT$27,470, and the hourly wage had reached NT$183. With the new adjustment for 2025, Taiwan continues to demonstrate its commitment to workers' rights and economic growth. This steady wage increase highlights Taiwan's dedication to creating a better work environment, including for its growing population of foreign workers.
What This Means for Foreign Workers in Taiwan
For foreign workers in Taiwan, these wage increases provide more than just better pay. They represent the Taiwanese government’s effort to ensure fair compensation for all workers, regardless of nationality. For those seeking employment in Taiwan, particularly in industries such as manufacturing, hospitality, and caregiving, the wage increase makes Taiwan an even more attractive destination for work.
Foreign workers should also be aware that the minimum wage adjustments could impact the job market, potentially leading to more competitive wages and a greater focus on hiring skilled labor. In addition, Taiwan’s ongoing economic growth, coupled with the wage hike, could provide foreign workers with better job security and improved living standards.
What’s Next?
As Taiwan continues to adjust its wage policies in response to economic changes, foreign workers should stay informed about new developments and how they may affect their employment opportunities. The 2025 minimum wage adjustment reaffirms the government's commitment to fair wages for all, ensuring that foreign workers can enjoy a fair standard of living while contributing to Taiwan's economy.
In conclusion, Taiwan’s minimum wage increase not only reflects the government’s recognition of workers’ needs but also enhances the overall attractiveness of the country as a destination for foreign talent. Whether you're already in Taiwan or considering moving here for work, this wage hike could be the opportunity you’ve been waiting for.
salary policy