Taipei, Taiwan (9 Mar 2010)
The Manpower Employment Outlook Survey released today indicates that Taiwanese employers are anticipating the most active hiring climate since the survey was started in Quarter 2 2005. Taiwan’s Net Employment Outlook continues improving for the fourth consecutive quarter and now stands at a robust +33%. This optimism in the labor market is due in part to strong hiring expectations in the Finance, Insurance & Real Estate sector where 44 percent of employers say they will add employees in the quarter ahead. Elsewhere in the world, employers in 27 of the 36 countries and territories Manpower surveys expect to add to their workforces in Quarter 2 2010.
Of the 1,041 employers interviewed in Taiwan this quarter, 38 percent anticipate increasing their workforces, while only 3 percent plan to trim payrolls; 57 percent indicate that the next three months will bring no changes in staff numbers. This quarterly survey of employer hiring intentions shows a positive Net Employment Outlook of +35%. When the Net Employment Outlook is adjusted for seasonal variations, it stands at +33%, which increases six percentage points when compared to last quarter (Q1 2010) and improves a steep 39 percentage points when compared to the same time last year (Q2 2009).
“Historically, the second quarter is the season for job transitions. However, even in a labor market that looks as though it will provide many opportunities for job seekers, the survey shows that almost 60 percent of the employers have no intention of altering staff number, and this adds to the challenges people face when making a career change. So job seekers should be prepared to consult professionals and carefully analyze the pros and cons before making any changes,” said Terence Liu, General Manager of Manpower Taiwan.
Employers in the Finance, Insurance & Real Estate sector are reporting the strongest hiring intentions (+40%) for this quarter. Meanwhile, the weakest Net Employment Outlook is reported by employers in the Transportation & Utilities sector, where the Outlook still remains a quite optimistic +20%
From a global view point, the survey shows employers in 27 of 36 countries and territories expect some positive hiring activity in the second quarter, while those in eight are reporting negative hiring expectations – an improvement in comparison to the 18 countries and territories reporting negative Outlooks last year at this time. Employers in 23 countries and territories are reporting stronger year-over-year Outlooks, with those in India, Brazil, Taiwan, Peru, Costa Rica, Australia and Singapore noting the strongest job prospects. Hiring plans are weakest in Italy, Spain and Ireland. Employers in Panama were surveyed for the first time this quarter and report upbeat hiring plans for the next three months.
Job prospects in the Asia Pacific region remain strong, with the exception of Japan, and hiring Outlooks continue to improve modestly in most of the Americas region. Employer hiring intentions in the U.S. are similar to three months ago, but more optimistic compared to last year at this time. In Europe, hiring patterns remain mixed with employers in eight countries indicating modest improvements compared to three months ago and the same period last year.
The next Manpower Employment Outlook Survey will be released on 8 June 2010 to report hiring expectations for the third quarter of 2010. The Manpower Employment Outlook Survey is available free of charge to the public through their local Manpower representative in participating countries. To receive e-mail notification when the survey is available each quarter, interested individuals are invited to complete an online subscription form at:
http://investor.manpower.com/investors/alerts.cfm .
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