56% of employers to hire in Q3; average wages top NT$30,000: poll

Taipei, About 56 percent of employers in Taiwan are planning to hire more workers in the third quarter of this year with the average increase in their workforce expected to hit more than 8 percent, according to 1111 online job bank.

In addition, the average wages employers are willing to offer are expected to top NT$30,000 (US$1,003) for newcomers, a new high for the same three-month period in the past five years, the job bank said.

According to the job bank's survey, 55.7 percent of the 1,438 companies in Taiwan said they will want to launch recruitment campaigns in the upcoming quarter, down slightly by 0.7 percentage points from a similar survey conducted for the third quarter of 2017.

But among those enterprises which want to hire newcomers, they plan to raise their workforce size by 8.2 percent on average for future expansions at a time when the local economy has been on the way to recovery, the survey showed.

Last week, the Directorate General of Budget, Accounting and Statistics (DGBAS) upgraded its forecast for Taiwan's gross domestic product (GDP) growth for 2018 by 0.18 percentage points to 2.60 percent after a strong showing in the first quarter.

Meanwhile, the composite index used by the National Development Council to monitor indicators flashed a "green light" pointing to stable growth in April, for the third consecutive month.

But the leading indicator, which is used to gauge the economic outlook for the upcoming six-month period, moved lower for the fifth straight month, indicating remaining caution in the economy amid concerns that the strength of the economic growth was strong enough.

Among employers who want to hire newcomers, 48.38 percent said the recruitment is aimed at filling existing job vacancies, 22.69 percent said the recruitment campaigns for the third quarter will be regular, and about 21 percent percent said they need a larger workforce for growing transactions or future operation expansion, according to the survey.

The poll found that the information technology, consumer product and service sectors are the three employers which appeared the most earnest to hire newcomers in the third quarter.

About 20.32 percent of those companies which want to hire said they need marketing talent, 17.58 percent said they want technicians most and 14.46 percent said they want production workers and 10.22 percent need administrative personnel, the survey showed.

The job bank said the enterprises which want to hire are willing to offer NT$30,783 in monthly wages to newcomers for their third quarter recruitment with 66 percent of them planning to give NT$25,000 to NT$35,000 in salaries.

Daniel Lee (???), head of 1111 job bank's career development and public relations division, said the NT$30,783 in average wages is NT$1,709 higher than the level from a year earlier and marks a five-year high.

But 30 percent of the polled employers said they do not want to give a pay rise this year. Lee said this attitude seemed to show concern that the strength of the economic growth was not strong enough.

Source: Focus Taiwan News Channel