In 2023 the labor force reached 11.94 million, an increase of 90,000, and an increase of 490,000 from 11.45 million since 2013. Overall, Taiwan's labor market is quite stable. Due to the significant increase in participation in higher education over the past decade, the proportion of the labor force with a college education or above has continued to rise. The government's promotion of policies such as school-work integration, industry-academia cooperation, and lifelong education have also further enhanced Taiwan's international competitiveness in human resources quality.The government laid down Regulations on the Permission and Administration of the Employment of Foreign Workers for purposes of regulating the introduction and employment of foreign labor and to provide them with basic labor rights and protection.
Taiwan has a comprehensive and extensive labor protection system centering on Labor Standards Act, which prescribes minimum standards for working conditions including minimum wages, working hours, holidays, severance pay, etc. The country boasts about its good industrial relations, and industrial disputes are not commonly seen on the island. A labor-management committee has been set up based on Labor Standards Act to foster cooperation between capital and labor and to elevate work efficiency. Representatives who are nominated by both employers and laborers can volunteer to participate in negotiations organized by the labor-management committee. Such negotiations aim to improve working conditions, establish labor welfare schemes, and boost work morale and efficiency in order to promote employer-employee collaboration.
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