A mild “U-shaped” economic recovery next year may increase momentum in the local labor market by encouraging more people than this year to change jobs, a report by 104 Job Bank (104人力銀行) said yesterday.
The Directorate-General of Budget, Accounting and Statistics (DGBAS) said on Saturday that the employee accession rate in Taiwan slowed for a fourth consecutive month to 2.18 percent in October, while the employee leaving rate remained low at 2.13 percent.
However, the latest data from the online manpower agency showed that jobseekers who currently have a job, but are still actively applying for positions, rose 3.59 percent last month from a year earlier.
“Despite the fact that unemployed jobseekers in Taiwan remain the major source in the human resources market, the number of jobseekers who already have a job has been showing an increase over the past few months,” 104 Job Bank project manager Pola Chang (張雅惠) said in the report.
Chang said the trend might continue through next year, with employed jobseekers more willing to change job on the back of rebounding economic sentiment.
Some bosses have identified the trend, Chang said, adding that various large companies have been launching recruitment drives earlier than the normal peak season which falls ahead of the Lunar New Year.
The online job bank’s data showed the average number of applications filed by jobseekers dropped 0.4 percent last month from October, with the trend expected to continue in line with Chang’s expectations.