Taipei, Taiwan's hiring outlook for the second quarter of this year is the most optimistic in the Asia-Pacific region, with the financial/insurance sector showing the strongest willingness to boost its workforce, U.S.-based human resources advisory firm ManpowerGroup said Tuesday.
According to the advisory firm, manpower demand remained solid and enterprises appeared upbeat about their recruitment over the next three months at a time of economic recovery.
Citing the latest ManpowerGroup Employment Outlook Survey, which collected 1,036 valid questionnaires in Taiwan, the advisory firm said the net hiring outlook stood at 26 percent, the highest level among eight economies in the Asia-Pacific region, ahead of Japan's 24 percent and India's and Hong Kong's 16 percent.
China reported the most downbeat hiring prospects in the region, with the net hiring outlook at 8 percent in the second quarter, ManpowerGroup said.
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.
The survey shows that about 30 percent of the employers polled in Taiwan said they plan to expand their workforce during the April-June period, while 3 percent said they will cut jobs and about 64 percent said they expect the size of their workforce to remain the same.
After seasonal adjustments, the net employment outlook for the second quarter of 2018 hit 26 percent, up 1 percentage point from a quarter earlier and also up 3 percentage points from a year earlier, ManpowerGroup said.
The advisory firm said large enterprises with a workforce of 250 employees or more have a higher hiring outlook than their medium and small-sized counterparts, with the net employment outlook at 29 percent.
According to ManpowerGroup, the local financial, insurance and real estate sector recorded the highest net hiring outlook of 32 percent for the first quarter of next year among the seven major sectors, unchanged from a quarter earlier but down 1 percentage points over the same period of last year.
The advisory firm said that with a breakthrough in financial technology development, banks, insurers and securities houses are planning to launch new recruitment campaigns to meet demand for business transformation.
The firm added that the property industry benefited from a better economy, and real estate brokers seized the opportunity to hire more people.
The manufacturing sector and the service sector was second, with a net hiring outlook of 28 percent, ManpowerGroup said, saying that most job openings in the manufacturing sector will be seen in central Taiwan, while the gaming industry in the service sector is expected to expand its workforce.
ManpowerGroup said the net hiring outlook of the engineering/construction sector and the retail/wholesale sector stood at 26 percent, ahead of the transportation/warehousing/communications sector's 21 percent and the leisure/food/hospitality sector's 17 percent.
Source: Focus Taiwan News Channel