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Companies worry about loyalties of new college grads

More than 50 percent of Taiwanese companies are concerned about the loyalty and adaptability of recent college graduates in the workplace, but some 40 percent of the employers are still willing to offer them jobs, according to the results of a recent survey.

According to the poll carried out by the Vocational Training Administration (VTA), 54.5 percent of the businesses polled expressed concern about such instability in job seekers because it causes an extra burden on companies' finances, especially if a new worker quits in the first year.

However, around 75 percent of respondents believe that fresh graduates are more flexible in receiving training and taking on new challenges, with 40 percent saying that they are willing to give them a job, mostly as quality control inspectors, secretarial assistants and salesmen.

The survey was conducted among 80 enterprises operating in northern Taoyuan County with more than 300 employees, officials said.

While urging college graduates to pay attention to industrial developments and the business environment when seeking work, the VTA officials pointed out that those who have a record of having switched three jobs within a year are usually not sought after by companies.

Meanwhile, data released by the headhunting Web site www.1111.com.tw shows that the service sector has the largest number of job opportunities, with an average of 4.61 jobs for each job seeker in the life insurance sector, 4.44 in the financial consultation sector and 1.71 in the investment and securities sector.

The data indicates that there were a total of 9.89 million employees in the country last month, up by 22,000 people over the March level and by 167,000 year on year.

However, a Web site executive said it is worth watching to see whether the number of jobless workers will increase with the implementation of a new labor pension program set to take effect July 1.

The executive said that more and more companies will hire workers on a contract basis as a result of higher operating costs due to the new system.

Statistics released on Monday by the Directorate General of Budget, Accounting and Statistics show that the jobless rate last month stood at a nearly four-year low of 4.04 percent -- the lowest level since May 2001.
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