A survey released by a Taiwanese job bank on Thursday found that the number of companies that will issue year-end bonuses has fallen to a four-year low. The survey also found that a growing number of companies are planning to scale back their year-end parties.
The survey conducted by Yes123 collected 988 valid corporate responses and found that 67% of companies say they will issue year-end bonuses, 8.7% say they will not pay bonuses, and 33% of companies say they will reduce their budget for their year-end parties, also known as “weiya".
When asked about the size of year-end bonuses, 70.4% of companies said the amount would remain the same, 14.4% said they would increase, while 15.2% said they would decrease.
Yes123 Spokesperson Yang Tsung-pin (楊宗斌) says that companies in the service sector, such as tourism, catering, and airlines, may see larger bonuses. However, he says that companies in the manufacturing sector are facing declining orders and implementing unpaid leave, which makes it difficult for them to issue generous bonuses.