Almost 70 percent of employees in Taiwan are concerned they could be laid off ahead of the Lunar New Year holiday amid concerns over an economic slowdown at home and abroad, a survey conducted by online job bank yes123 showed on Monday.
In the survey, 67.8 percent of 1,366 polled employees over the age of 20 said they were worried, yes123 said. In Taiwan, employers tend to draft new workforce plans before the traditional new year holiday, which falls in either January or February and then execute them after the holiday.
The upcoming Lunar New Year holiday will start on Jan. 27 and run through Feb. 1.
The job bank said that such layoff fears are particularly intense at the moment with the media full of reports on economic weaknesses forcing employers to downsize or even shut down operations.
Yes123 said that these concerns are stronger at the end of each month in the fourth quarter of the year, as indicated by 41.1 percent of those afraid of being laid off. About 37.3 percent were more worried in the latter part of months in the first quarter, the job bank said.
Citing the survey, yes123 said that 59 percent of total respondents were worried they would be asked to take a pay-cut during the current economic slowdown.
The survey showed that to keep their jobs, 43.6 percent of respondents were willing to do more work, while 33.4 percent said they would work longer hours.
In addition, 31.9 percent of respondents said they would like on-the-job training to strengthen their working skills and 26.8 percent said they would like to be transferred to another department or change their position in a bid to hold on to their jobs, the survey indicated.
In the event of being laid off, 85.4 percent of respondents said they would apply for unemployment benefit, while 81.7 percent indicated they would try to learn new skills in a bid to land another job.
Of those considering new skills, the survey showed 24.9 percent were interested in cooking classes, 22.9 percent would learn to become a baker, 19.4 percent wanted to learn how to set up and manage a website and 17.6 percent said they would like to learn how to make beverages.
The survey was conducted from Oct. 6-19 with a confidence level of 95 percent and a margin of error of plus or minus 2.65 percentage points, the job bank said
Source: Focus Taiwan News Channel