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June 26, 2017

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CommonWealth forum keynote invites global talent to ROC industry

TAIPEI, Taiwan -- Taiwan should open doors to let in international talent and alleviate the talent shortage problem, said Morris Chang (張忠謀), chairman of leading semiconductor foundry Taiwan Semiconducter Manufacturing Co., yesterday.

 Chang attended the annual CommonWealth Economic Forum yesterday to give a keynote speech on the subject of human talent.

 Chang kicked off his speech by pointing out that the talent issue may be broken down into three different parts: entry-level, mid-level and high-level.

 Regarding entry-level talent, most college graduates enter the job market without really knowing what they are interested in doing, and many graduates find job responsibilities differ greatly from their expectations. From companies' perspective, they usually expect college graduates to be able to start contributing quickly; however, this is not usually the case, as new graduates typically require long periods of training before they become efficient at work. In sum, there is a "mismatch," Chang said.

For mid-level managers, or those who have 20-30 years of work experience, there is also a talent shortage. Mid-level managers are crucial to carrying out important initiatives, such as industrial upgrades, competitiveness enhancement and business innovation. Without these people, none of these endeavors are likely to succeed, Chang stressed.

Chang defined high-level talent as "exceptionally knowledgeable great minds," and they are the leaders that lay out a company's strategic direction. There are also very few of them in Taiwan, Chang said, adding that this phenomenon becomes even more obvious as businesses across the strait compete for talent and many people decide to leave for mainland China.

Taiwan Opens Door Only to Politics

 Many students in Taiwan study for tests, for diplomas or to get into "prestigious schools," Chang said, adding that "this type of study will not produce talent." While schools should develop a general knowledge base and professional skills, they should also cultivate curiosity and the capacity for independent thinking in their students. In the end, students should take the initiative to study "for their interests and career," Chang pointed out.

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