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Taiwan – Ministry of Labour announces minimum wage draft bill (Taiwan News)
Taiwan’s Ministry of Labour announced a national minimum wage draft bill today, which seeks to set a new mechanism to determine the minimum wage, and calls for fines of up to NTD 1 million (USD 32,441) for employers who violate the law, reports Taiwan News. The objective of the draft minimum wage law is to establish a legal framework for the setting of the benchmark for the salaries of employees. The Ministry of Labour also announced that an amendment to the Employment Services Act will take effect from today which will require employers in Taiwan to disclose salary ranges for positions offering less than NTD 40,000 (USD 1,297) monthly salary, or they risk a minimum fine of NTD 60,000 (USD 1,946), with fines as high as NTD 300,000 (USD 9,732) possible. The law was amended to ensure information transparency regarding regular earnings in Taiwan. The Ministry added that it will help improve communication between jobseekers and employers while making talent recruitment more efficient.
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