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May 28, 2017

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Local job market optimistic over upcoming second quarter

TAIPEI, Taiwan -- The job market in Taiwan is warming up amid an improving global economy, with companies showing strong intentions to employ more, according to a human resources consulting firm.

The net change in employment (those willing to hire more minus those intending to cut hiring) is 39 percent in Taiwan, only second to India (45 percent) globally, said ManpowerGroup, citing its recent survey of more than 65,000 companies in 42 countries.

In Taiwan, where the consulting firm surveyed 1,071 employers and human resources managers, 43 percent of the firms are looking to hire more, 4 percent want to cut their workforces, 51 percent will remain unchanged and 2 percent have yet to decide.

Taiwan's net change in employment is much better than many of its neighbors, such as Hong Kong (14 percent), Singapore (18 percent) and China (16 percent), ManpowerGroup said.

ManpowerGroup said Taiwan's employers show strong intentions to expand their workforces in the second quarter as the local economy improves in line with the global economic recovery.

The consulting firm said Taiwan still faces a shortage of competent workers that match their requirements. Many job seekers lack the required skills and experience, it said.

The firm said the warming job market may offer more opportunities for job seekers, but they must also improve their skills to increase their chances of employment.

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