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05.2019 Life Guide

Less than 40,000, Salary range becomes transparent

Far Eastern New Century Corporation / Tong Weizhen

        In recruitment information, "salary" is one of the most concerned information for job seekers, but in the past, the part of salary in job description was often referred to as "negotiation", resulting in information asymmetry, which affects matching probability. Since November 30, 2018, the Employment Services Act has been formally amended to make salary information more transparent.


        Among the newly amended Employment Services Act, the most influential one is Article 5 (2). When employers recruit or employ employees, if their regular salary is less than 40,000 yuan, they must publicly disclose or inform the scope of their regular salary. Violators will be fined between NT$60,000 and 300,000 yuan. In order to avoid employers being unclear about the relevant norms, the Labour Development Department of the Ministry of Labor issued an explanatory order and guidelines in March this year, specifying that salaries should be disclosed to job seekers "before application", and in an interval, quota or minimum amount, such as NT$30,000-33,000, NT$30,000 or more, with salaries more recommended. The capital range should not exceed NT$5,000 to avoid employers enlarging the salary range on Job-hunting websites in order to circumvent regulations.
        
         The purpose of this amendment is to promote transparency of salary information through the symmetry of information between employers and employees. In this way, job seekers can know the salary range before they submit their resumes, and they will not find the salary gap with expectations during interviews or even after admission. For employers, they can also screen suitable talents more effectively and reduce the time and human cost of the recruitment process.
        
         For this amendment, various talent recruitment platforms acting as intermediaries have revised the system settings to prevent employers from violating the law. Take 104 Human Resources Bank as an example, after the amendment, the employer only has two kinds of marking choices, namely, ____________________
        
         As for salary setting, the Ministry of Labor also recommends employers to set reasonable salary ranges according to the regular salaries of employees who have employed the same or similar positions, or to use the "dynamic inquiry system of salary survey for job categories" and "navigation inquiry system of salary quotations and employment for junior college students" established by the Ministry of Labor to understand the salary quotations of different job categories. Employees can also grasp their own salary "price code" through the above two systems, so as to avoid being squeezed by undesirable companies.(References: Labor Force Development Department, Ministry of Labor, Zhongshi Electronic Newspaper)
        
         The dynamic inquiry system of job category salary survey:https://pswst.mol.gov.tw/psdn/
         Pay quotation and employment navigation inquiry system for junior college students:https://yoursalary.taiwanjobs.gov.tw/
        
        

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