Over 94 percent of respondents said they would likely try to find a new job after the Lunar New Year holiday, with contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC), transportation conglomerate Evergreen Group and Fubon Financial Holding Co. being their top dream employers, according to a poll conducted by online job bank yes123.
In a survey which was conducted from Dec. 28, 2022 to Jan. 9, 2023, 94.2 percent of 1,277 respondents said they were planning to land another job after the Lunar New Year holiday, which was the highest positivity rate in 14 years and beat the rate of 93.6 percent in a similar poll in 2021, the job bank said.
The job bank said the majority of those who wanted to find a new employer said they were unhappy with their pay, while some were downbeat about the business outlook of their current companies and others saw no chance of getting a promotion.
In Taiwan, employees tend to change their jobs after they receive year-end bonuses. Employers usually issue the bonuses before the Lunar New Year holiday begins, with this year's holiday starting on Jan. 20.
Based on the total of 9.15 million people currently employed in Taiwan's job market and applying the result of the poll, the job bank estimated that about 8.62 million might possibly leave their jobs after the New Year holiday.
For those who wanted a new employer in the tech sector, TSMC ranked as the top dream employer, ahead of Chunghwa Telecom Co., iPhone assembler Hon Hai Precision Industry Co., smartphone IC designer MediaTek Inc., and Largan Precision Co., a supplier of smartphone camera lenses to Apple Inc., the survey found.
This is also the ninth consecutive year that TSMC has been selected as a top dream employer in Taiwan by poll respondents, according to yes123.
Bingo Yang (???), spokesman of yes123, told reporters that TSMC is the leader in the global semiconductor industry and has strong finances while providing attractive compensation to its staff.
In 2022, the chipmaker's net profit surpassed NT$1 trillion (US$32.89 billion) for the first time ever to hit NT$1.01 trillion, up by 70.4 percent from a year earlier. The chipmaker offers competitive compensation and the average annual salary for a newly recruited engineer with a master's degree is expected to be as high as NT$2 million.
In the old economy sector, Evergreen Group, which owns Evergreen Marine Corp., the largest container cargo shipper in Taiwan, was chosen as the top dream employer, followed by Taiwan High Speed Rail Corp., Formosa Plastics Group, China Steel Corp., and Eslite Spectrum Corp., owner of the popular bookstore chain.
Yang said the fat year-end bonus payment paid by Evergreen Marine in the past two years had attracted a lot of attention, so it was no surprise that the shipper's parent company was seen as a dream employer.
This year, Evergreen Marine will pay year-end bonuses equivalent to 45 months' salary on average, up from the year-end bonuses of 40 months' salary it paid a year earlier.
According to the survey, Fubon Financial was the top dream employer in the financial sector, ahead of Cathay Financial Holding Co., CTBC Financial Holding Co., E. Sun Financial Holding Co., and Taiwan Financial Holding Co. with Yang saying that Fubon Financial's high earnings made the company attractive.
In 2022, Fubon Financial posted NT$3.52 in earnings per share, the highest among the 14 listed financial holding firms in Taiwan.
This is the second consecutive year that Evergreen Group and Fubon Financial were chosen as the top dream employers, respectively, in the local old economy and financial sectors, according to the job bank.
The survey has a confidence level of 95 percent and a margin of error of plus or minus 2.74 percentage points, the job bank said.
Source: Focus Taiwan News Channel