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Taiwan workers becoming less keen to start own business: poll

Taiwan workers becoming less keen to start own business: poll

Taipei, March 10 (CNA) Interest in entrepreneurship has declined among Taiwan employees over the past year, amid a surge in job recruitment by domestic corporations, according to a survey released Tuesday. The poll by 1111 Job Bank showed that about 76 percent of workers in Taiwan aspire to start their own business, compared with 87 percent a year ago. The job bank attributed the drop in entrepreneurial interest to a climate of stronger recruitment among local corporations as the country's economic fundamentals improve in tandem with a recovering global economy. In January, the jobless rate in Taiwan fell 0.31 percentage points annually to 3.71 percent, the lowest level for that month in 14 years. The actual number of unemployed people was 430,000, a decrease of 9,000 from the previous month. Amid this trend of hiring, people have become more keen on being employed in the local job market, and interest in starting their own business has dampened to some extent, 1111 Job Bank said. The poll showed that 27 percent of those who prefer to be employed by a company see this as means of generating a stable income, while 25.7 percent have no capital to start their own business. Among those employees interested in going into business on their own, 21.6 percent would like to set up their own workshops or studios, 17.3 percent to would like to join a franchise, and 16.9 percent are keen on starting their own brands, according to the survey. Another 30.5 percent are eyeing the restaurant business, 23.3 percent see customized product services as the way to go, and 18.1 percent would prefer to open a beverage shop, the poll showed. The aspiring entrepreneurs estimated on average that it would take NT$640,000 (US$20,317) to start a business in Taiwan, a figure that was 27 percent lower than that cited in the same poll last year. The survey was conducted Feb. 11 to March 3 and collected 1,194 valid responses. It had a confidence level of 95 percent and a margin of error of 2.83 percentage points. (By Wu Ching-chun and Frances Huang)


Updated : 2021-09-21 07:21 GMT+08:00