Taiwan’s hiring momentum would hold steady in the fourth quarter, with more companies planning to expand headcounts than cut staff, even as technology firms turn more cautious, a survey released by ManpowerGroup Inc showed on Tuesday.
The poll of 630 local employers showed that 38 percent planned to add workers in the fourth quarter, while 21 percent expected reductions and 38 percent foresaw no change, resulting in a net employment outlook of 17 percent.
The healthcare and life sciences industry posted the strongest hiring sentiment at 46 percent, up 10 percentage points from the previous quarter, underscoring strains on the medical system from persistent labor shortages, the human resources advisory firm said.
.Photo courtesy of the Taichung City Government
The government is to add more than 500 public nursing positions this year and increase wages to boost retention, while hospitals have increased salaries for emergency and critical care specialists, with acute demand for neurosurgeons, anesthesiologists, radiologists and neurologists, ManpowerGroup said.
Biotech and pharmaceutical companies are stepping up recruitment of scientists and engineers in advanced fields such as precision medicine, and cell and gene therapy, it said.
Financial and real-estate firms reported an employment outlook of 40 percent, a 16 percentage point jump from three months earlier, buoyed by regulatory initiatives and market expansion, the survey showed.
The launch of a trial asset management zone in Kaohsiung in July and the government’s wealth management push have triggered hiring across banks, securities firms and insurers, it said.
Lenders and brokerages are to add nearly 2,000 employees this quarter and next quarter, targeting wealth management consultants, high-net-worth account managers and investment advisers, it said.
Insurers are hiring cloud engineers, data analysts and artificial intelligence (AI) developers as online sales and travel insurance demand accelerate, it added.
Energy and utilities remain resilient with an outlook of 29 percent, although that was down 6 percentage points from last quarter, the survey showed.
The commercial launch of an offshore wind farm off Yunlin County is supporting job creation in engineering, project management and finance, while renewable energy and digital transformation projects are fueling demand for maintenance engineers and electromechanical designers, it said.
Technology was the weakest sector, with hiring intention tumbling 22 percentage points to just 3 percent, as employers have turned cautious amid global tech layoffs, supply-chain realignments and trade tensions, even though rapid AI adoption was sustaining demand for higher-value roles in research and development, cloud architecture and cybersecurity, ManpowerGroup said.
Several multinational firms are also scaling up their operations in Taiwan to support semiconductor, cloud and server businesses, suggesting that while the near-term picture is subdued, long-term prospects remain intact, it said.
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