About 70 percent of employers in the nation intend to recruit new employees in the fourth quarter of this year, as the local economy seems to be stabilizing amid efforts to contain the COVID-19 outbreak in Taiwan, the online 1111 Job Bank (1111人力銀行) said last week.
Although the fourth quarter is usually a slow season in the job market, a higher percentage of employers plan to hire during the period than the peak second and third quarters, when the ratio was 66 percent and 67 percent respectively, the job bank said, citing a survey.
Local employment was affected by the COVID-19 pandemic in the second and third quarters, and hiring was postponed to the fourth quarter, the job bank’s media center head Henry Ho (何啟聖) said.
Photo: Wong Yu-huang, Taipei Times
Many employees in Taiwan prefer not to change jobs in the fourth quarter before year-end bonuses are paid, while recruitment usually spikes in the second and third quarters as first-time jobseekers enter the market, the job bank said.
Of the employers who are planning to hire new personnel in the fourth quarter, those in the construction and property sectors seemed the most eager, as the housing market has been showing signs of improving, the survey said.
Last month, transactions of homes, shops, offices and factories in Taiwan rose more than 36 percent from a year earlier to 243,000 units, the job bank said.
Employers in the service sector, particularly restaurant operators, are also keen to recruit new workers, as domestic consumption has been increasing since the government issued NT$50 billion (US$1.73 billion) worth of Triple Stimulus Vouchers in July to help spur private consumption, the poll found.
Employers in the information and communications technology industry are looking to hire new workers given the advent of 5G technology in Taiwan, Ho said.
The emerging technology has created new jobs in a wide range of segments, such as semiconductors, small base stations, the Internet of Things, smart machinery and long-distance medical care, he said.
However, while demand for new personnel is increasing, 73 percent of employers are worried about finding the right workers for their businesses, the poll said.
The survey, conducted from Oct. 12 to 16, collected 874 valid questionnaires, the job bank said.
DAMAGE REPORT: Global central banks are assessing war-driven inflation risks as the law of unintended consequences careens around the world, spiking oil prices Central banks from Washington to London and from Jakarta to Taipei are about to make their first assessments of economic damage after more than two weeks of conflict between the US and Iran. Decisions this week encompassing every member of the G7 and eight of the world’s 10 most-traded currency jurisdictions are likely to confirm to investors that the specter of a new inflation shock is already worrying enough to prompt heightened caution. The US Federal Reserve is widely expected to do exactly what everyone anticipated weeks ahead of its March 17-18 policy gathering: hold rates steady. The narrative surrounding that
Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) share of the global foundry market rose to almost 70 percent last year amid booming demand for artificial intelligence (AI), market information advisory firm TrendForce Corp (集邦科技) said on Thursday. The contract chipmaker posted US$122.54 billion in revenue, up 36.1 percent from a year earlier, accounting for 69.9 percent of the global market, TrendForce said. Its share was up from 64.4 percent in 2024, it said. TSMC’s closest rival, Samsung Electronics, was a distant second, posting US$12.63 billion in sales, down 3.9 percent from a year earlier, for a 7.2 percent share of the global market. In the
At a massive shipyard in North Vancouver, Canadian workers grind metal beams for a powerful new icebreaker crucial to cementing the country’s presence in the increasingly contested arctic. Icebreakers are specialized, expensive vessels able to navigate in the frozen far north. And “this is the crown jewel,” said Eddie Schehr, vice president of production at the Seaspan shipyard. For Canadian Prime Minister Mark Carney, who heads to Norway next Friday to observe arctic defense drills involving troops from 14 NATO states, Canada’s extreme north has emerged as a strategic priority. “Canada is and forever will be an Arctic nation,” he said ahead of
Chinese entrepreneur Frank Gao used to spend long hours running his social media accounts but now outsources the chore to artificial intelligence (AI) agent tool OpenClaw, which is taking China by storm despite official warnings over cybersecurity. OpenClaw, created in November by an Austrian coder, differs from bots such as ChatGPT because it can execute real-life tasks such as sending e-mails, organizing files or even booking flight tickets. “Since January, I’ve spent hours on the lobster every day,” Gao said in an interview, referring to OpenClaw’s red crustacean mascot. “We’re family.” After downloading OpenClaw, users connect it to artificial intelligence models of their
RSS