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Optimism over finance, insurance, real estate: survey

TAIPEI, Taiwan -- The Manpower Employment Outlook Survey for the third quarter of 2014 was released recently, with record-high optimism in finance, insurance and real estate sector employers in Taiwan.

The survey was conducted between April 17 to April 29 after interviewing a representative sample of employers from more than 65,000 private companies and public organizations in 42 countries and territories around the world.

According to the survey, employers in Taiwan have anticipated payroll gains in all six industry sectors during the July-September period. The five other sectors are manufacturing, mining and construction, services, transportation and utilities, wholesale and retail trade.

The net employment outlook for the finance, insurance and real estate sectors broke records with a bullish 54 percent while the seasonally adjusted outlook landed at 51 percent.

Only 1 percent of employers in the finance, insurance and real estate sectors reported that they will be hiring less people in the next quarter.

A total of 1,097 Taiwanese companies were surveyed by Manpower.

“Robust hiring activity is expected in the manufacturing sector and the services sector ... and also in the transportation and utilities sector,” the survey outlook stated.

Around 45 percent of employers were willing to hire more people in the year's third quarter while 2 percent stated that they would be hiring less. The overall result is a 43-percent leap that lands Taiwan at second place among other Asia-Pacific countries.

When compared to previous quarters, Taiwanese employers reported weaker hiring intentions in four of the mentioned industry sectors: services, transportation and utilities, mining and construction, and wholesale and retail trade.

According to Manpower Group, the aim of the survey is to measure employers' intentions to increase or decrease the number of employees in their workforce during the next quarter. All surveyed participants (companies) were asked the same question: “How do you anticipate total employment at your location to change in the next three months — to the end of June 2014 — as compared to the current quarter?”

The group has marked the survey as the only forward-looking survey of its kind, unparalleled in its size, scope, longevity and area of focus. The employment outlook survey has been conducted for 50 years and is reportedly one of the most trusted surveys of employment activity in the world.

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