Taiwan | Low pay means a brain drain

Low salaries are the main reason that Taiwan has failed to retain local talent and attract skilled foreign workers, Pan Shih-wei, deputy minister of the country’s Council of Labor Affairs, said Friday.

Pan made the remarks in response to a comment by Singapore’s deputy prime minister, Tharman Shanmugaratnam, who recently singled Taiwan out as a country facing a serious brain drain.

The problem is compounded by Taiwan’s restrictions on foreign nationals who might like to work in Taiwan and the low pay offered to skilled Taiwanese workers.

According to the current restrictions, foreign nationals seeking jobs in Taiwan are required to have at least two year’s of work experience outside Taiwan at Bachelor’s degree level and must be paid a minimum monthly salary of NT$47,900 (US$1,622), Pan said.

Although the regulations in Taiwan are relatively flexible compared with some other countries in the region, it is still necessary to ease some of the restrictions and offer more competitive packages if Taiwan wants to attract foreign workers, Pan said…

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