Hiring outlook dimmed for Q1 2018: survey

Taipei-The first quarter of 2018 will bring little cheer to job seekers in Taiwan, as many employers are more cautious than in the past about hiring workers, due to a dim outlook for economic growth next year, according to the latest quarterly employer survey released Monday by online job bank 1111.

The survey shows that 60 percent of the employers who responded to the poll said they plan to recruit in the first quarter of next year, down 2 percentage points from the same quarter of this year.

Employers in the information technology, general merchandise stores and service sectors appeared the most willing to recruit in the upcoming quarter, according to the job bank’s analysis of the survey results.

Employers in the construction and real estate sector are less willing to hire new workers, according to the job bank.

The main reasons cited by enterprises for hiring new workers are to fill vacancies arising from firing, resignations and retirement and to carry out regular recruitment.

Meanwhile, 30 percent of the polled employers said they are upbeat about Taiwan’s economy next year, down 3 percentage points year-on-year, while 15 percent expressed a pessimistic view about the economy, down 5 percentage points year-on-year. This means that most enterprises hold moderate views about the economy in the coming year and will adopt more conservative human resources strategies.

According to the job bank’s vice president, Daniel Lee (???), the local economy continued to flash a green light, pointing to steady growth, but economic uncertainty heightened due to a month-on-month fall in the composite index of monitoring indicators in October, which is weakening the outlook for economic growth next year.

Therefore, employers are adopting relatively conservative manpower recruitment policies, causing a drop in demand for workers in the first quarter of next year.

The survey was conducted from Nov. 20-Dec. 8 and collected 1,133 valid questionnaires, the job bank said.

Source: Focus Taiwan News Channel