Working from home is likely to become a regular arrangement even though the world is increasingly emerging from the COVID-19 pandemic, PricewaterhouseCoopers (PwC) Taiwan yesterday told a forum in Taipei.
PwC’s US arm has introduced a permanent remote working model for its 40,000 employees, who need to travel to the office three days per month or less, for key meetings or training courses, PwC Taiwan human resources head Alan Lin (林瓊瀛) said.
The accounting firm would adjust wages and perks for employees who move to locations with lower living costs, Lin said.
Photo courtesy of PwC Taiwan
PwC Taiwan would keep its offices unchanged for now, but it would seek to make better use of them in the future, he added.
Taiwanese workers mainly focus on monetary compensation, being able to be themselves at work, and being physically and psychologically cared for, Lin said, adding that 70 percent of them favor hybrid arrangements in which they can work from home on some days of the week.
Companies should seek to meet those expectations by providing fair monetary compensations and fulfilling work environments to recruit and retain talent, he said.
Globally, 54 percent of workers think their job can be done remotely, and 41 percent of Taiwanese workers share this view, PwC Taiwan said, citing a survey.
Lin said higher wages can help retain talent, but overreliance on pay increases might contribute to inflation, as companies would have to pass higher personnel costs to customers.
Companies should instead pay attention to workers’ needs, as global data showed that they are willing to spend 20 to 25 percent of their income on improving their work-life balance, he said.
CAUTIOUS RECOVERY: While the manufacturing sector returned to growth amid the US-China trade truce, firms remain wary as uncertainty clouds the outlook, the CIER said The local manufacturing sector returned to expansion last month, as the official purchasing managers’ index (PMI) rose 2.1 points to 51.0, driven by a temporary easing in US-China trade tensions, the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday. The PMI gauges the health of the manufacturing industry, with readings above 50 indicating expansion and those below 50 signaling contraction. “Firms are not as pessimistic as they were in April, but they remain far from optimistic,” CIER president Lien Hsien-ming (連賢明) said at a news conference. The full impact of US tariff decisions is unlikely to become clear until later this month
Popular vape brands such as Geek Bar might get more expensive in the US — if you can find them at all. Shipments of vapes from China to the US ground to a near halt last month from a year ago, official data showed, hit by US President Donald Trump’s tariffs and a crackdown on unauthorized e-cigarettes in the world’s biggest market for smoking alternatives. That includes Geek Bar, a brand of flavored vapes that is not authorized to sell in the US, but which had been widely available due to porous import controls. One retailer, who asked not to be named, because
CHIP DUTIES: TSMC said it voiced its concerns to Washington about tariffs, telling the US commerce department that it wants ‘fair treatment’ to protect its competitiveness Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday reiterated robust business prospects for this year as strong artificial intelligence (AI) chip demand from Nvidia Corp and other customers would absorb the impacts of US tariffs. “The impact of tariffs would be indirect, as the custom tax is the importers’ responsibility, not the exporters,” TSMC chairman and chief executive officer C.C. Wei (魏哲家) said at the chipmaker’s annual shareholders’ meeting in Hsinchu City. TSMC’s business could be affected if people become reluctant to buy electronics due to inflated prices, Wei said. In addition, the chipmaker has voiced its concern to the US Department of Commerce
Real estate agent and property developer JSL Construction & Development Co (愛山林) led the average compensation rankings among companies listed on the Taiwan Stock Exchange (TWSE) last year, while contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) finished 14th. JSL Construction paid its employees total average compensation of NT$4.78 million (US$159,701), down 13.5 percent from a year earlier, but still ahead of the most profitable listed tech giants, including TSMC, TWSE data showed. Last year, the average compensation (which includes salary, overtime, bonuses and allowances) paid by TSMC rose 21.6 percent to reach about NT$3.33 million, lifting its ranking by 10 notches
RSS