Taiwan’s Q2 hiring outlook one of strongest in world: poll

Taipei, The employment outlook in Taiwan for the second quarter of the year is one of the strongest in the world due to the country’s success in combating COVID-19, according to the latest survey released Tuesday by human resources advisory firm ManpowerGroup.

After seasonal adjustments, Taiwan’s net hiring outlook index for the April-June period was 24 percent, up 1 percentage point from a quarter earlier and down 1 percentage point from a year earlier, the latest ManpowerGroup Employment Outlook Survey found.

The survey, which reflects hiring confidence among employers, calculates the net hiring index after seasonal adjustments by subtracting the percentage of employers anticipating a decline in the size of their workforce from the percentage expecting an increase.

In the latest job outlook survey in Taiwan, 30 percent of of 1,029 employers polled expect an increase in employee numbers in the second quarter, while 5 percent anticipate a decrease, and about 62 percent expect no change in the size of their workforce.

For the third consecutive quarter, employers in Taiwan anticipated the strongest labor market of all 43 countries and territories included in the survey, according to ManpowerGroup.

Workforce gains are expected in all seven of Taiwan’s industry sectors during the forthcoming quarter, with employers in the mining and construction sector reporting the highest net hiring outlook of 35 percent for the second quarter.

In second and third place were finance, insurance and real estate sector employers at 28 percent and employers in the manufacturing industry at 27 percent, the survey found.

The survey showed that 13 percent of Taiwanese employers expected their company to return to pre-pandemic hiring levels by the end of 2021, while 67 percent said their recruitment plans remain unchanged by the COVID-19 pandemic.

Asked how their company will likely respond to the global roll-out of COVID-19 vaccines, 5 percent of employers thought employees should be vaccinated, while 54 percent said it is up to employees to decide.

As COVID-19 has been brought under control in Taiwan, major economic indicators have shown steady growth and the job outlook is expected to improve in the second quarter from the first quarter, said Joan Yeh (葉朝蒂), manpower general manager of ManpowerGroup Taiwan.

The finance, insurance and real estate sector as well as the wholesale and retail trade industry expect the largest increase in manpower demand due to the bull equity market and strong domestic demand, according to Yeh.

 

Source: Focus Taiwan News Channel

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