Salaried workers across Taiwan should see salary increases of 2%-5% on average in 2024, reports Focus Taiwan, citing research from Robert Walters and the European Chamber of Commerce Taiwan, which co-sponsored the salary survey. Workers who change jobs can expect increases in pay of 10%-20% on average. The research noted Taiwan's job market will see a gradual recovery in 2024 from the challenges it faced in 2023. However, even with 65% of professionals actively seeking new employment opportunities, recruiters will have a hard time finding the right people in 2024 because of the scarcity of specific skills, especially expertise in new technologies and niche skill sets. That means Taiwan will continue to struggle with a talent shortage in 2024, leading to a notable increase in cross-industry movements and a heightened demand for candidates returning from overseas, the research found.

Meanwhile, the research also found employers more likely to seek individuals with a broader range of skills and experience, rather than focus solely on specialised roles. Employees also have their own expectations, the survey found, including valuing certain employer attributes such as the importance of "excellent compensation and benefits" (97%), "inspiring colleagues and culture" (94%), and "flexible working modules" (70%).