Job seekers filed more than 1.9 million applications for work in Taiwan in July – a jump of nearly 23% compared to the same period last year, which suggests a mid-year job-changing wave has hit the labour market, according to a local consultancy for human resources.
Over 55% of enterprises interviewed by consultancy 1111 Job Bank said that they were hiring in order to fill vacancies arising from wastage, Jornal San Wa Ou reported.
Vice-president of the consultancy Henry Ho Chi-sheng explained that given an improving economy, workers have become more confident about taking the opportunity to switch jobs and even fields in an attempt to get better remuneration packages.
Taiwan’s manufacturers and exports have benefited from the world’s steady economic recovery. In July, manufacturers had more than 400,000 openings, an increase of 7% over the same period last year.
The top three sectors with most vacancies are traditional manufacturing, information technology and services, Commercial Times reported.
The services sector is expected to be hit by the government’s five-day working week policy, making it the third sector with many vacancies and the second popular sector attracting job seekers.