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Taiwan companies still cautious about hiring in Q2: poll

Taiwan companies still cautious about hiring in Q2: poll

Employers in Taiwan remain cautious about hiring in the second quarter of the year amid a sluggish economy, according to a survey released Tuesday by the U.S.-based human resources advisory firm ManpowerGroup.

Taiwan's net employment outlook for the second quarter is 20 percent after seasonal adjustments, down 7 percentage points from the current quarter and 25 points lower than in the second quarter of 2015, the survey showed.

The survey, which reflects hiring confidence among employers, calculated the net employment outlook by subtracting the percentage of employers anticipating a decline in total employment from the percentage expecting to see an increase.

It found that only 27 percent of employers in Taiwan intend to hire new employees in the second quarter, while 6 percent of employers are looking to cut their workforce. Another 66 percent plan to maintain their current workforce, according to the poll.

The net employment rate among large enterprises with more than 250 employees was 27 percent, higher than the 17 percent among medium-sized companies with 50-249 employees, and 9 percent among small-sized firms with 10-49 workers, the survey showed.

The service sector had the best hiring outlook, with a net employment rate of 29 percent, followed by the financial/insurance/real estate sector with 27 percent, according to the poll.

The retail/wholesale sector had a net employment rate of 24 percent, the manufacturing sector 17 percent, the transportation/public infrastructure sector 16 percent, and the engineering/mining sector 8 percent, the survey showed.

The survey was conducted Jan. 11-26 on 1,018 companies in Taiwan with at least 10 employees.

(By Tsai Yi-chu and Y.F. Low)

Updated : 2021-09-19 18:36 GMT+08:00