The nation’s service sector has become the most eager industry to hire new workers, as several major financial institutions are gearing up to expand operations in China, market statistics showed on Saturday.
Citing the statistics, 1111 Job Bank (1111人力銀行) said each jobseeker in the sector has been provided with 12.1 job openings on average, the highest ratio among all business sectors.
In comparison, there are 9.86 opportunities for each jobseeker in the construction and real-estate sector, while the ratio in the department store and retail business fare worse at 1 jobseeker to 3.51 openings, the job bank said.
Daniel Lee (李大華), director of 1111 Job Bank’s public relation division, said large financial holding firms, such as Fubon Financial Holding Co (富邦金控) and Cathay Financial Holding Co (國泰金控), are especially eager to recruit management associates and professionals in private banking as they have set their sights on the fast-growing Chinese market.
Lee said several life insurance companies, including Nan Shan Life Insurance Co (南山人壽), Cathay Life Insurance Co (國泰人壽) and Fubon Life Insurance Co (富邦人壽), have also launched recruitment drives, which showed the service sector’s willingness to hire.
According to the Financial Supervisory Commission, the financial sector is expected to provide more than 20,000 job openings this year.
The jobs included 8,700 from banking businesses, 2,500 from securities companies and 9,700 from insurance firms.
The average starting monthly salary is likely to exceed NT$32,000, the commission said.
In the retail sector, Lee said demand for talent has been boosted by the entry of some major multinational fashion brands, such as ZARA, Gap and Uniqlo, which are willing to offer a starting salary of NT$28,000 to newcomers.
Overall, the job bank said enterprises have posted 530,000 job openings on its Web site so far this year, up 18 percent from a year earlier, adding that they welcome applicants looking for full-time or part-time work.