Government statistics indicate job vacancy rate continues to increase
By Ted Chen, The China Post
December 27, 2013, 12:09 am TWN
TAIPEI, Taiwan -- The Directorate General of Budget, Accounting and Statistics (DGBAS, 主計處) yesterday announced that as of the end of August, Taiwan's job vacancy rate was measured at 2.59 percent, a reflection of businesses' reluctance to hire new workers amid the tepid pace of economic recovery, according to the latest findings.
The DGBAS conducts a survey of employers across multiple industry sectors on a biannual basis every year in February and August. According to the findings of the most recent survey taken at the end of August, vacant positions numbered 186,942, up by 11,097 from last year's result in the same period. Concurrently, job vacancy rate was tallied at 2.59 percent, up by 0.12 percent year-on-year.
Compared to figures recorded in February, the study showed that the number of vacant jobs increased by 1,1414, with the job vacancy rate declining by 0.01 percent.
According to the DGBAS, businesses are inclined to ramp up hiring during periods of booming economic prosperity, with the job vacancy rate expected to increase as companies scour the labor markets for the most ideal candidates. When the economy stagnates, demand for human resources among companies dissipates markedly, which causes the job vacancy rate to tumble, said the DGBAS.
For the manufacturing sector the number of vacant positions was tallied at 76,491, said the DGBAS, noting that high employment turnover rate has propelled total job vacancies in the semiconductor and technology manufacturing industries to a high of 16,565 jobs in August.
Specifically, the DGBAS found that companies preferred to hire employees with a high-school-level education, representing 39.1 percent of overall job openings, up from the 33.9 percent recorded in the same period last year.
In addition, as the demand for consumer electronic products expands, the technology sector has been ramping up hiring drives, releasing 7,444 job openings, up by 1,872 from figures from the previous year.
Monthly salaries this year averaged at NT$26,693, posting a NT$116 decline from last year's figures, which the DGBAS attributed to this year's more ample reserves of job seekers.
The DGBAS explained that the total number of vacant jobs represents the degree to which companies are able to hire desired candidates to fill openings, while the job vacancy rate shows the degree of difficulty experienced by business in hiring employees to fulfill operation requirements.