The competition for workers in the software, Internet of Things (IoT) and semiconductor fields is intensifying as companies seek professionals with related skills and know-how, recruitment consultancy Michael Page Taiwan said yesterday.
“There is a fierce talent war to secure top Taiwanese employees, particularly in the software, semiconductors and IoT areas,” Michael Page Taiwan director Shaun Cronin told a news conference as it released its annual salary report.
Professionals with the requisite technical skills, such as product development and integration, quality engineering, machine learning and data science, can expect a higher than average salary increase of up to 20 percent when switching jobs, the report said.
The job rich, but talent short employment landscape lends support to the salary increase, it said.
The supply of jobs is entering Taiwan in large volumes because both multinationals and local companies are expanding their operations, Cronin said.
A number of traditional companies are finding ways to digitally reinvent their processes, while companies from Singapore, Hong Kong and other Southeast Asian nations are looking to Taiwan to establish their regional research and development centers, he said.
Skilled professionals are highly sought after by traditional companies looking to digitalize processes and progressive technology-driven firms wanting to stay ahead of the curve, the report said.
Taiwan has a reputable high-quality developer market and the rise of e-commerce and digital businesses will continue to create job opportunities across sectors, it said.
Against this backdrop, professionals have multiple job opportunities and can assess potential employers on their in-house technological advancement, Cronin said.
Companies need to remain competitive by offering attractive salary packages and maintaining strong employer branding, the report said.
“It is important that firms invest in the implementation of new technology to ensure candidates gain experience in these cutting-edge projects,” Cronin said.
Technical candidates, such as mobile application developers, user interface/user experience designers and search engine optimization engineers, are in also high demand, the report said.
Savvy digital marketers with the ability to harness a full suite of marketing tools are badly needed to produce data-driven results, it said.
In addition, Taiwan’s healthcare industry will continue to mature this year and attract even more international players, it said.
A jump in hiring activity is anticipated across the pharmaceuticals and medical devices sectors, creating more opportunities for professionals in medical affairs, as well as brand and product management, it said.
Market access that ensures drugs and media procedures are facilitated to the appropriate patients has developed relatively well and will generate more demand for experienced talent, it said, adding that this is an area with an acute talent shortage.
MULTIFACETED: A task force has analyzed possible scenarios and created responses to assist domestic industries in dealing with US tariffs, the economics minister said The Executive Yuan is tomorrow to announce countermeasures to US President Donald Trump’s planned reciprocal tariffs, although the details of the plan would not be made public until Monday next week, Minister of Economic Affairs J.W. Kuo (郭智輝) said yesterday. The Cabinet established an economic and trade task force in November last year to deal with US trade and tariff related issues, Kuo told reporters outside the legislature in Taipei. The task force has been analyzing and evaluating all kinds of scenarios to identify suitable responses and determine how best to assist domestic industries in managing the effects of Trump’s tariffs, he
TIGHT-LIPPED: UMC said it had no merger plans at the moment, after Nikkei Asia reported that the firm and GlobalFoundries were considering restarting merger talks United Microelectronics Corp (UMC, 聯電), the world’s No. 4 contract chipmaker, yesterday launched a new US$5 billion 12-inch chip factory in Singapore as part of its latest effort to diversify its manufacturing footprint amid growing geopolitical risks. The new factory, adjacent to UMC’s existing Singapore fab in the Pasir Res Wafer Fab Park, is scheduled to enter volume production next year, utilizing mature 22-nanometer and 28-nanometer process technologies, UMC said in a statement. The company plans to invest US$5 billion during the first phase of the new fab, which would have an installed capacity of 30,000 12-inch wafers per month, it said. The
Taiwan’s official purchasing managers’ index (PMI) last month rose 0.2 percentage points to 54.2, in a second consecutive month of expansion, thanks to front-loading demand intended to avoid potential US tariff hikes, the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday. While short-term demand appeared robust, uncertainties rose due to US President Donald Trump’s unpredictable trade policy, CIER president Lien Hsien-ming (連賢明) told a news conference in Taipei. Taiwan’s economy this year would be characterized by high-level fluctuations and the volatility would be wilder than most expect, Lien said Demand for electronics, particularly semiconductors, continues to benefit from US technology giants’ effort
‘SWASTICAR’: Tesla CEO Elon Musk’s close association with Donald Trump has prompted opponents to brand him a ‘Nazi’ and resulted in a dramatic drop in sales Demonstrators descended on Tesla Inc dealerships across the US, and in Europe and Canada on Saturday to protest company chief Elon Musk, who has amassed extraordinary power as a top adviser to US President Donald Trump. Waving signs with messages such as “Musk is stealing our money” and “Reclaim our country,” the protests largely took place peacefully following fiery episodes of vandalism on Tesla vehicles, dealerships and other facilities in recent weeks that US officials have denounced as terrorism. Hundreds rallied on Saturday outside the Tesla dealership in Manhattan. Some blasted Musk, the world’s richest man, while others demanded the shuttering of his