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ECCT, Michael Page release '14 jobs forecast

TAIPEI, Taiwan -- The European Chamber of Commerce Taipei (ECCT) and professional recruitment consultancy Michael Page yesterday released the 2014 ECCT-Michael Page Salary and Employment Forecast for Taiwan, predicting that 2014 will be a year for stronger recruitment activities in the nation.

The findings of the forecast noted that positive outlook coupled with increased tourism from China will generate strong recruitment activities this year, and is expected to have a further impact on the persisting skill shortage as Taiwanese professionals continue to seek jobs away from the island.

According to the forecast, 48 percent of the employers out of the roughly 30,000 surveyed by the two organizations expressed confidence in their hiring activities in 2014, saying that the said recruitment will be on the upswing as Taiwan is gradually benefiting more and more from increased tourism activity and buoyant economic conditions. Aside from the retail industry, support service roles and back office functions are also expected to encounter similar increases in their recruitment activities.

"The rise in tourism activity from mainland China will continue to drive the retail industry, creating a healthy flow of jobs and opportunities for professionals with retail and marketing expertise," said Chris Preston, director of Michael Page in Taiwan. "Concurrent to the spike in retail hiring, companies will also be looking to develop and bolster the size of their sales teams, creating added activity in the recruitment landscape."

In addition to the escalated tourism activity from China, the strong flow of hiring activity is also a result of the stabilizing global economy. Taiwanese employers are reported to be more confident than those from China and Hong Kong about the loyalty of their employees, with only 38 percent expecting staff turnovers in the coming 12 months. These numbers demonstrate a display of strong company devotion across the Taiwanese workforce, said Michael Page Senior Managing Director Anthony Thompson.

The key motivating factors that employers think would drive jobseekers to scout around include opportunities to learn and better balance between work and life. Employers have also indicated that as much as 41 percent of surveyed companies have been bracing themselves for an extended skill shortage across most professional job types, a phenomenon mainly caused by the persisting trend of Taiwanese professionals pursuing jobs outside the country — most of whom have relocated to mainland China.

Having learned their lesson from the drop in local professional workforces, employers also noted that they have prepared to develop more attraction strategies concerning recruitment in 2014; 67 percent have acknowledged the need to fire up the attractive aspects of job vacancies.

"Although employee loyalty is predicted to be strong across the Taiwanese workforce this year, employers are recognizing the importance to communicate the potential of international career opportunities while looking to attract and retain professionals," Preston noted.

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