Demand from the service sector will help fuel optimism for the labor market in Taiwan in the coming quarter as employers in the thriving tourism sector still struggle to find the right talent, a survey released by ManpowerGroup said yesterday.
The Milwaukee, Wisconsin-based employment agency’s survey showed that 44 percent of the 1,063 Taiwanese employers polled anticipated increasing their workforce, with only 4 percent predicting a decrease.
Meanwhile, half of all Taiwanese employers polled in the survey said that they would leave their current workforce intact, the US employment agency said.
“The employer optimism indicated the Taiwanese labor market will be one of the most prosperous in the region in the quarter ahead,” ManpowerGroup said in an e-mailed statement.
Based on the agency’s “net employment outlook” gauge — calculated by subtracting the number of employers planning to reduce staff from the number planning to hire — Taiwan’s labor market is expected to continue to improve steadily from the first and second quarter to 37 percent in the third quarter, up 4 percentage points quarter-on-quarter and relatively stable year-on-year.
Employers in all six industry sectors report positive hiring intentions, the survey showed. Bosses in the service sector reporting the strongest hiring intentions, with more than half of employers in the sector polled saying they plan to add to their workforce during the third quarter.
The sector’s outlook gauge stood at 48 percent, up 12 and 17 percentage points from a quarter and a year earlier respectively, marking the strongest outlook for the sector since the survey started in the second quarter of 2005, according to the statement.
ManpowerGroup Taiwan country manager Terence Liu (劉玿廷) attributed the strong hiring forecast in the service sector to demand for workers with professions in the tourism industry, driven by the steep increase in free independent travelers from China.
“Despite ongoing turmoil in the global marketplace, declining export demand and reduced private consumption, the opportunities for Taiwan’s jobseekers are still expected to be bright in the next three months,” Liu said.
Other than the service sector, the hiring pace is also expected to be robust in the finance, insurance and real-estate sectors, as well as in the manufacturing, mining and construction industries, the statement said.
However, employers in the transportation and utilities sectors — which had reported the most positive hiring intentions in the second quarter — reported the least optimistic hiring outlooks for the quarter ahead, the survey said.
A similar poll released by the Council of Labor Affairs last week showed that 20.83 percent of 3,014 Taiwanese employers polled between April 23 and May 10 planned to increase recruitment in the upcoming quarter. However, the survey also showed job opportunities would drop to 49,100 in the third quarter from about 100,000 in the same quarter of last year.