About 87 percent of employers are listing job openings in the fourth quarter, setting a 10-year high, a survey by 1111 Job Bank found on Friday.
There are currently 668,000 job vacancies, up 4 percent annually, mainly in the service and IT industries, the employment agency said.
Most businesses are conservative about their fourth-quarter growth, with nearly half estimating it to be worse than last year and 45 percent predicting no substantive change, it said.
Photo courtesy of the Kaohsiung Labor Affairs Bureau
However, 87 percent are still hiring this quarter, the most for the period in a decade, it said.
The restaurant and hotel industries have the most vacancies at more than 140,000, followed by the general service industry and IT, the job bank said.
Asked why they are hiring, 66.6 percent of businesses cited employee turnover, while 31.1 percent it was routine recruitment, 24.3 percent said business had increased and 13.8 percent are seeking to meet seasonal demand, it said.
Most of the positions are entry-level or mid-level jobs requiring full-time hours, it added.
About 48 percent of employers said they would raise salaries to attract talent, by 4 percent on average, it said.
The hospitality industry has not recovered from the COVID-19 pandemic, with some restaurants shortening hours or closing branches and hotels delaying check-in times to cope with the labor shortage, 1111 Job Bank public relations manager Tseng Chung-wei (曾仲葳) said.
The fourth quarter is typically when businesses are least willing to hire, as workers await their year-end bonuses, Tseng said.
However, the high number of postings this year indicates that the labor shortage is affecting regular business operations, she added.
The survey conducted from Oct. 5 to Thursday collected 730 valid responses from 1111 Job Bank corporate members.
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