Taiwan's hiring outlook for the first quarter of next year is the most upbeat in the Asia-Pacific region as new labor regulations are kicking in, requiring bigger workforces, according to a survey released Tuesday.
The survey by ManpowerGroup, a U.S.-based human resources advisory firm, showed that Taiwan's net employment outlook for the first quarter of next year was 25 percent, compared with India's 24 percent, Japan's 23 percent, New Zealand's 15 percent and Hong Kong's 13 percent, and China's 4 percent.
The first-quarter forecast for Taiwan was 4 percentage points higher than in the previous quarter, rising for the second consecutive quarter, but was 2 percentage points lower than the same period of the previous year.
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.
About 25 percent of the 1,036 employers polled in Taiwan said they planned to expand their workforces during the January-March period, while 5 percent said that they would cut jobs, and about 65 percent said they would maintain the same size workforce.
After seasonal adjustments, the net employment outlook for the first quarter of 2017 was estimated at 25 percent, up from 21 percent in the fourth quarter, as employers in Taiwan's major sectors indicated that they planned to hire new staff, ManpowerGroup said.
In the transportation/warehousing, communications and utility sector, the net employment outlook for the first quarter of next year was 26 percent, up 17 percentage points from the previous quarter and 3 percentage points higher than a year earlier, according to the survey.
ManpowerGroup said the sector's net employment outlook was the highest in recent years. It said that because the number of work hours are expected to shrink due to a slew of newly introduced labor regulations, employers will be forced to increase their workforce.
However, factors such a decline in the number of Chinese visitors to Taiwan and the volatility of the domestic airline business could create uncertainty over the hiring outlook in that sector in the next few quarters, ManpowerGroup said.
In the service sector, the net employment outlook for the first quarter of 2017 rose to 25 percent, from 24 percent the previous quarter, while outlook for the retail/wholesale business remained unchanged at 25 percent, the survey showed.
Meanwhile, in the engineering/construction and mining sector, the outlook rose to 19 percent from 14 percent a quarter earlier, while in the financial/insurance/real estate sector it fell to 24 percent from 25 percent.
In the manufacturing sector, the hiring outlook for the first quarter of next year dropped to 22 percent from 23 percent in the fourth quarter of this year.
Source: Focus Taiwan News Channel