In these situations, the year-on-year rate of change in total cash earnings of full-time employees per employee has registered an increase, albeit marginally, against the backdrop of increases in non-scheduled cash earnings (i.e., overtime payment) and special cash earnings (i.e., bonuses). Moreover, hourly cash earnings of part-time employees have continued to increase moderately year-onyear.
Looking ahead, from somewhat of a longer-term perspective, an uptrend in total cash earnings is expected to gradually become evident, accompanied by a pick-up in scheduled cash earnings, including base pay, on the back of the improvement in corporate profits and the rise in inflation expectations, in addition to tighter labor supply and demand conditions brought about by economic recovery.