Demand for manpower expected to rise in the fourth quarter: MOL survey
By Ted Chen, The China Post
September 3, 2014, 12:03 am TWN
TAIPEI, Taiwan -- A survey by the Ministry of Labor (MOL) published yesterday showed that demand for manpower across businesses in the fourth quarter is expected to hit a three-year high, indicating that Taiwan's employers are more willing to take on new hires amid more encouraging economic recovery.
The survey showed that manpower demand figures in October are expected to grow by 54,400 compared to July, a three-year high.
Manufacturing Sector Leads Demand Growth for Manpower
Most notably, the manufacturing sector accounted for 34,700 of additional manpower demanded by enterprises, up by 4,000 from the previous survey. Manpower demand growth in the manufacturing sector is mostly propelled by growth in the electronic module production industries and mechanical equipment makers, which are calling for an additional 13,500 and 3,700 employees to fill vacancies, respectively. The survey found that metal products manufacturers are calling for 3,200 employees, with PC, optoelectronic and consumer electronic makers requiring 2,800 new workers to satisfy growing order volumes from overseas clients, buoyed by the looming Christmas shopping season in Europe and the U.S.
The services industries are demanding 19,900 laborers for the fourth quarter, while the construction sector and leisure and entertainment industries showed a decline of 23,000, and 2,000 positions respectively on account of the sector-wide slow season in the fourth quarter, according to the survey. Expected service industries' labor demand forecast for this October, however, fell by 8,000 positions from the previous quarter and declined by 3,000 year-on-year.
The ministry noted that demand for specialized labor skilled in artistry and craftsmanship, machinery operators and assembly workers represented those most sought after new hires in the fourth quarter of this year, followed by technical and assistant positions as well as support service and sales personnel.
The ministry also attributed the marked gain in labor demand in the retail sector to October being the traditional high season for domestic consumption amid promotional sales drives among local department store chains.
Among the 3,022 companies who participated in the ministry's survey, 26.61 percent stated that manpower demand is expected to rise this October relative to July, while 62.12 percent are expecting no change, with 4.48 percent indicating an intention to cut staff members, while 6.78 percent noted that they are unable to produce a forecast.