Q1 hiring outlook improves; wages to rise year-on-year: poll | Business | Focus Taiwan

Taipei, Jan. 4 (CNA) The hiring outlook in Taiwan for the first quarter of this year has improved, as employers have become more upbeat about the economy, according to online job bank yes123.

The job bank said the average wage to be offered by employers will increase slightly from a year earlier in the first quarter, in a bid to secure talent for business expansion.

A survey conducted by the job bank showed that 90.3 percent of the employers polled said that they are planning to hire more people in the January-March period, up from 81.8 percent in a similar survey for the fourth quarter of last year.

The job bank said the food/beverage and hospitality/leisure industry topped other industries in hiring outlook, with 96.6 percent saying they will hire in the first quarter, ahead of the retail and wholesale industry (92.7 percent), the technology and information industry (92.5 percent), the old economy manufacturing industry (91.7 percent) and the transportation and logistics industry (90.9 percent).

In the same poll, yes123 said, 28.8 percent of the respondents said they were upbeat about the economy, while 19.6 percent said they were downbeat. The figures translated into a net optimism ratio of 9.2 percent, higher than 7.7 percent for the fourth quarter and also higher than 2.9 percent over the same period of last year.

The job bank said the net optimism ratio for the first quarter hit a new high since the fourth quarter of 2018, when the figure stood at 10 percent.

Yang Tsung-pin (楊宗斌), a spokesman for yes123, told reporters that amid eased fears over trade friction between the United States and China, employers have anticipated an improvement in Taiwan‘s exports.

In addition, after the Jan. 11 presidential election, political uncertainty will be reduced, prompting the business sector to hold a more optimistic attitude toward the economy, Yang said.

The job bank said the average wage to be offered by the respondents for the first quarter rose to NT$34,477 (US$1,145), up from NT$34,134 over the same period of last year but down from NT$38,553 from a quarter earlier.

The planned average wage was the highest for the first quarter in seven years.

However, the average wage to be offered by employers is still shy of the average NT$40,661 salary anticipated by employees.

The survey, conducted Dec. 11-24, collected 1,256 valid responses. The poll had a confidence level of 95 percent and a margin of error of plus or minus 2.77 percentage points.

(By Tsai Peng-min and Frances Huang) Enditem/J

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