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.
Foxconn Industrial Internet Co Ltd (FII, 富士康工業互聯網) has invested 9.8 billion yuan (US$1.46 billion) in state-backed Chinese chip company Tsinghua Unigroup (紫光集團) through a private equity fund. The Shanghai-listed server and networking devices firm, which is 85 percent owned by Hon Hai Precision Industry Co (鴻海精密), is planning to invest in the semiconductor industry. It now holds a 15 percent stake in Tsinghua Unigroup through the newly formed Xingwei (Guangzhou) Industrial Investment Partnership Ltd (興微廣州產業投資) fund. Created in March along with Beijing Zhilu Asset Management Co (北京智路資產管理), the fund is one of 10 equity funds comprising Beijing Zhiguangxin Holding Co (北京智廣芯控股).
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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. PwC Taiwan would keep its offices unchanged for now, but it
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