Taiwan employers’ sentiment toward Q4 hiring improves: survey

The hiring intention of Taiwanese employers for the fourth quarter of this year has improved, with a upswing reversing a five-quarter decline, according to U.S.-based human resources advisory firm ManpowerGroup.

Citing the latest Manpower Employment Outlook Survey, the advisory firm said that Taiwan's net employment outlook for the fourth quarter stood at 21 percent, 2 percentage points higher than the previous quarter. But the fourth quarter figure still fell 13 percentage points from a year earlier amid an economic slowdown.

The poll, which reflects hiring confidence among employers, calculated the net employment outlook after seasonal adjustments by subtracting the percentage of employers anticipating a decline in total employment from the percentage expecting to see an increase.

ManpowerGroup said that 27 percent of 1,005 employers polled said that they intended to recruit more employees in the fourth quarter, while 5 percent of them said that they would cut their workforce during the October-December period.

After seasonal adjustments, the net employment outlook for the fourth quarter stood at 21 percent, marking the first rebound, stopping a five-quarter losing streak, the survey showed.

But, ManpowerGroup remained cautious about Taiwan's hiring outlook, saying that there have been no signs that the global economy will stage any immediate rebound so that the pace at which new jobs are created under such unfavorable circumstances is expected to remain slow.

The advisory firm said that it remains to be seen whether the net employment outlook in Taiwan will continue to improve despite the rebound in the fourth quarter.

Among the six major business sectors in Taiwan, the manufacturing sector recorded the highest fourth-quarter net employment outlook at 26 percent, up 6 percentage points from a quarter earlier due to a slight rebound in the country's exports, according to the poll.

The financial/insurance/real estate sector came in second with the fourth quarter net employment outlook at 25 percent, ahead of the retail/wholesale sector at 24 percent, the services sector at 19 percent, the construction/mining sector at 13 percent, and the transportation/utility sector at 8 percent.

In terms of companies in Taiwan, the net employment rate among large enterprises with a workforce of more than 250 employees hit 25 percent, higher than the 20 percent recorded by medium-sized companies with a workforce of 50-249 employees, and the 9 percent registered by small-sized firms with 10-49 employees, ManpowerGroup said.

Source: Focus Taiwan News Channel