A survey by a Taiwanese job bank has found that 40% of new graduates worry a proposed subsidy program will lower starting salaries. 1111 Job Bank released the results Friday.
The government is planning a year-long subsidy program that would give employers NT$12,000 (US$400) a month for every new graduate they hire. The program is part of a relief package designed to combat the effects of the COVID-19 pandemic.
In addition to concerns that the program could lower starting salaries, some respondents also said they worry that new graduates hired under this program would then be let go once it expires.
The job bank surveyed 864 people under the age of 30 who were looking for work at the time. Respondents expressed pessimism about their employment prospects. They also said they worry that the pandemic will cause a drop in salaries, working hours, and employment opportunities. Many were also worried about the possibility of being furloughed.