The employment outlook in Taiwan for the fourth quarter of this year improved from the previous quarter with demand strongest in the healthcare and life science sector, according to a survey by human resources advisory firm ManpowerGroup Inc published on Saturday.
After seasonal adjustments, Taiwan’s net hiring outlook index for the October-December period was 23 percent, up 7 percentage points from a quarter earlier and up 18 percentage points from a year earlier, the survey found.
The survey, which reflects hiring confidence among employers, calculates the net hiring index after seasonal adjustments, by subtracting the percentage of employers anticipating a decline in the size of their workforce from the percentage expecting an increase.
In Taiwan, about 44 percent of 612 employers polled expect an increase in employee numbers in the fourth quarter, while 19 percent anticipate a decrease, and about 34 percent expect no change in the size of their workforce.
As a result, the net hiring outlook index before seasonal adjustment stood at 25 percent, with the figure after seasonal adjustments at 23 percent, ManpowerGroup said.
In the Asia-Pacific region, Taiwan ranked No. 6 among the seven countries and regions ManpowerGroup surveyed. India took the top spot with its net hiring outlook after seasonal adjustments at 37 percent, ahead of Singapore (36 percent) and China (34 percent), while Japan came last with a hiring outlook of 11 percent, the survey showed.
In the October-December period, the net hiring outlook in the local healthcare and life science industry hit 50 percent, the highest among nine major sectors in the survey, up sharply from 28 percent in the previous quarter, ManpowerGroup said.
ManpowerGroup Taiwan general manager Joan Yeh (葉朝蒂) said in a statement that the health and life insurance industry tends to have a higher turnover rate and consumed a large amount of medical capacity during the COVID-19 pandemic, with many young medical practitioners choosing to establish their own business or quit their job, leaving hospitals with a large staff shortage.
The power and energy industry registered the second-highest net hiring outlook at 30 percent for the fourth quarter, up from 27 percent in the third quarter, the survey found.
By prioritizing its net zero policy in the face of growing challenges created by climate change, Taiwan’s government has also paved a path for booming growth in the emerging energy and power business opportunities, Yeh said.
Under such circumstances, non-traditional power companies have rushed to enter the power market, striving to hire not only talented electrical and mechanical engineers, but also experts in other fields, such as information technology and marketing, she added.
Bucking the upturn, the banking and real-estate industry saw its net hiring prospects fall to 21 percent in the fourth quarter, from 34 percent in the second quarter, making it the only one of the major nine industries to report a decline in net hiring outlook.
The decline demonstrated the caution embraced by many employers in the banking and real-estate industry due to spillover effects from a weaker export performance in Taiwan as exporters scale back their investments in the wake of falling global demand, Yeh said.
According to the survey, large enterprises with a workforce of 250 or more employees in Taiwan and companies with a workforce of less than 10 reported the highest hiring outlook in the fourth quarter, while their counterparts with a workforce of 10 to 49 reported the weakest hiring outlook.
Huawei Technologies Co (華為) largely omitted mention of its controversial Mate 60 smartphone series at a grand showcase of its new consumer products yesterday. The Shenzhen-based company would increase smartphone production in response to demand, said consumer division chief Richard Yu (余承東), without naming the handset triggering that surge. The Mate 60 Pro earned international notoriety with its advanced made-in-China processor last month, causing concern in Washington about Huawei’s progress toward developing in-house chipmaking capabilities despite US trade curbs. Huawei’s new phones have fired up the company’s sales and were among the top sellers in China in the week before Apple Inc’s
SLUMP: The electronics, machinery and traditional industries posted the largest decline in the past year; overall, sectors showed gains over the previous month Taiwan’s industrial production index decreased 10.53 percent year-on-year to 91.38 last month, falling for a 15th consecutive month on an annual basis, as weak global economic growth continued to weigh on end-market demand and investment momentum, the Ministry of Economic Affairs said on Saturday. The industrial production index gauges output in Taiwan’s four main industries: manufacturing, electricity and gas supply, water supply, and mining and quarrying. Last month’s decline was the smallest contraction since March when the index dropped 16.03 percent from a year earlier. On a monthly basis, the index rose 7.28 percent, marking a second straight month of improvement,
US-based tech giant Google said yesterday that its efforts to build four underseas cables to connect Taiwan with the world had created more than 64,000 jobs and generated about US$26 billion in GDP for Taiwan as of 2021. The US company has transformed Taiwan into a strategic cloud infrastructure hub in the world. The four undersea cables are part of the company’s investments in cloud infrastructure in Taiwan, and on the back of the undersea cables, a data center and a Google Cloud Region, which is a geographic area in which Google provides infrastructure and services for deploying applications, Google said in
SHOPPING SPREE: The wholesale sector has lagged behind as consumer goods spending has risen, with food and beverage spending hitting almost NT$90 billion Sales in the retail, and food and beverage sectors last month continued to rise, increasing 4.3 percent and 14.3 percent respectively from a year earlier, while sales in the wholesale sector fell for a 10th straight month and declined 5 percent annually, the Ministry of Economic Affairs said on Saturday. The ministry forecast that retail, and food and beverage sales would retain growth momentum this month due to the opening of new shopping malls and the Mid-Autumn Festival. However, the wholesale sector is predicted to see sales drop for another month on an annual basis, as end-market demand remains weak and inventory