More than 90 percent of Taiwanese workers plan to switch jobs after the Lunar New Year holiday, driven mainly by disappointment over their pay, poor industry outlook and a lack of upward mobility, a survey by online job bank yes123 (yes123人力銀行) showed yesterday.
About 94 percent of workers said they would seek a new job, the highest level in 14 years, according to the survey, which was conducted online from Dec. 28 to Monday.
It is common for Taiwanese to switch jobs after receiving year-end bonuses ahead of the Lunar New Year holiday, which starts next week.
Photo courtesy of yes123
Pay dissatisfaction ranked top among reason for job changes, at 61.2 percent, followed by their company’s lack of growth outlook at 44.2 percent, and a perceived lack of upward mobility at 43.1 percent, the multiple-choice survey showed.
Respondents also voiced discontent over their tasks, working hours, perks and bonuses, and potential business closures, among other reasons, the survey found.
Contract chipmaker Taiwan Semiconductor Manufacturing Co (台積電) retained the top spot in the survey’s ranking of most favored employers in the tech sector for the ninth straight year, yes123 said.
State-run Chunghwa Telecom Co (中華電信), iPhone assembler Hon Hai Precision Industry Co (鴻海精密), handset chip designer MediaTek Inc (聯發科) and smartphone camera lenses provider Largan Precision Co (大立光) ranked second to fifth in the survey, it said.
They were followed by Asustek Computer Inc (華碩), ASE Technology Holding Co (日月光投控), Taiwan Mobile Corp (台灣大哥大), Delta Electronics Co (台達電) and Far EasTone Telecommunications Co (遠傳電信), it added.
Evergreen Group (長榮集團) and Fubon Financial Holding Co (富邦金控) were respondents’ favored job change destinations in the non-tech and financial sectors, it said.
The survey showed that people seeking to change employers also seek pay increases of 12 percent on average, but would agree to stay if their employer were to give them a raise of about 16.8 percent, it said.
The survey showed that 90.2 percent of respondents would consider foreign employers, higher than last year’s 89.1 percent and hitting a 10-year high.
The job bank said that 78.3 percent of the respondents would prioritize US companies, followed by 56.1 percent prioritizing Japanese companies and 33.6 percent favoring European firms, while Hong Kong-based firms were the top choice of 26.7 percent of respondents.
Power supply and electronic components maker Delta Electronics Inc (台達電) yesterday said second-quarter revenue is expected to surpass the first quarter, which rose 30 percent year-on-year to NT$118.92 billion (US$3.71 billion). Revenue this quarter is likely to grow, as US clients have front-loaded orders ahead of US President Donald Trump’s planned tariffs on Taiwanese goods, Delta chairman Ping Cheng (鄭平) said at an earnings conference in Taipei, referring to the 90-day pause in tariff implementation Trump announced on April 9. While situations in the third and fourth quarters remain unclear, “We will not halt our long-term deployments and do not plan to
‘SHORT TERM’: The local currency would likely remain strong in the near term, driven by anticipated US trade pressure, capital inflows and expectations of a US Fed rate cut The US dollar is expected to fall below NT$30 in the near term, as traders anticipate increased pressure from Washington for Taiwan to allow the New Taiwan dollar to appreciate, Cathay United Bank (國泰世華銀行) chief economist Lin Chi-chao (林啟超) said. Following a sharp drop in the greenback against the NT dollar on Friday, Lin told the Central News Agency that the local currency is likely to remain strong in the short term, driven in part by market psychology surrounding anticipated US policy pressure. On Friday, the US dollar fell NT$0.953, or 3.07 percent, closing at NT$31.064 — its lowest level since Jan.
The US dollar was trading at NT$29.7 at 10am today on the Taipei Foreign Exchange, as the New Taiwan dollar gained NT$1.364 from the previous close last week. The NT dollar continued to rise today, after surging 3.07 percent on Friday. After opening at NT$30.91, the NT dollar gained more than NT$1 in just 15 minutes, briefly passing the NT$30 mark. Before the US Department of the Treasury's semi-annual currency report came out, expectations that the NT dollar would keep rising were already building. The NT dollar on Friday closed at NT$31.064, up by NT$0.953 — a 3.07 percent single-day gain. Today,
The New Taiwan dollar and Taiwanese stocks surged on signs that trade tensions between the world’s top two economies might start easing and as US tech earnings boosted the outlook of the nation’s semiconductor exports. The NT dollar strengthened as much as 3.8 percent versus the US dollar to 30.815, the biggest intraday gain since January 2011, closing at NT$31.064. The benchmark TAIEX jumped 2.73 percent to outperform the region’s equity gauges. Outlook for global trade improved after China said it is assessing possible trade talks with the US, providing a boost for the nation’s currency and shares. As the NT dollar
RSS