Mainly driven by robust service sectors in Taiwan likely due to rising tourist arrivals from China, Japan, S. Korea, manpower demand of Taiwanese enterprises in Q2, 2015 is estimated to increase 45,063 people relative to that in Q1, the strongest increase for the quarter in history, as shown by the latest survey conducted by Ministry of Labor (MOL).
The survey polled local enterprises with payroll of 30-and-above employees during January 12-30, with samples collected from 3,030 respondents in production and service sectors.
The result shows 24.8 percent of the respondents being willing to recruit employees in Q2, 2015, to be nearly four percentage points higher than two years ago, with 53 percent pointing to “growing market demand” as the decisive reason for their manpower expansion.
MOL attributes a couple of factors for widespread willingness among domestic enterprises to expand payrolls, including recovering consumer spending amid low oil prices, improving conditions of the local labor market, and a steady economic recovery in the U.S.
Another interesting trend in the survey, MOL notes, is that manpower demand in service sectors in Q2, 2015 is estimated at 22,690 people, outnumbering 22,373 in industrial sectors the first time in the past three years, both two-year highs.
Justifying such result, MOL says Q2 is a typical low season for most of local industries, when tech manufacturers for one generally tend not to retain too many employees until Q3, the typical high season for the information technology sector. In contrast, service sectors, such as food and beverage service providers, are mostly inclined to maintain comparatively large workforce to sustain business Q1 through Q2, typically the peak season when Chinese New Year, yearend company parties, and so-called "spring banquets" place heavy demand on the F&B sector.
“To improve working condition” is also deemed by 8.2 percent of total respondents in the survey as the major reason to expand workforces in the short term, which, MOL says, is largely motivated by the five-day, shorter workweek to be implemented as per the new rules of the labor laws.
(SC)
Taiwan's Manpower Demand for Q2 in Past 3 Years by Sectors | |||
Year
| Service Sectors
| Industrial Sectors
| Total
|
2012
| 11,022 people
| 18,086 people
| 29,108 people
|
2013
| 16,545 people
| 20,131 people
| 36,676 people
|
2014
| 22,690 people
| 22,373 people
| 45,063 people
|
Foxconn is looking to explore cooperation with European tier 1 auto parts suppliers in developing 3D auto-use curved glass covers. The electronics manufacturer is also reportedly engaging in talks with European auto firms to make curved, one-piece system consoles and dashboards. In a bid to diversify its product line, Foxconn's plans to enter the lucrative auto parts industry began with provid...
The COVID-19 pandemic has deeply affected global and Taiwan's political and economic landscapes. Unlike some industries, the furniture sector did not escape unscathed, facing a squeeze from management and costs. While Taiwan continues to implement a stable, successful outbreak response, the industry has also misjudged the economic downturn duration. The furniture industry has yet to fully recover...
The Taiwanese government has pledged to lead the effort in further developing the sustainable green economy, which is among the sectors highlighted in the Tsai administration's "5+2 Innovative Industries Initiative." Economic Daily News is hosting the "2020 Energy Vision Summit - Green Energy 2.0" on November 11. As one of the government's core policies, improving the island's energy self-suff...
Foxconn is looking to explore cooperation with European tier 1 auto parts suppliers in developing 3D auto-use curved glass covers. The electronics manufacturer is also reportedly engaging in talks with European auto firms to make curved, one-piece system consoles and dashboards. In a bid to diversify its product line, Foxconn's plans to enter the lucrative auto parts industry began with provid...
Taiwan's auto parts market has seen positive impacts as the Chinese automotive market continues to grow in its sixth consecutive month. Hotai Motors and Yulon Nissan Motor are the two significant firms enjoying the leverage. The island's related industries are benefiting from the strong performance of China's automotive market. Industry members say as long as competitive Taiwanese firms mainta...
Industry experts expect to see challenging times ahead for production in the foundry sector, forecasting that the current situation will not let up in the short-term and warns of unbalanced supply-demand next year. During the pre-pandemic era, IC design firms say clients usually made urgent orders to avoid having to manage inventory. Yet, considering limited foundry production volume, clients ...
Eyes Stake in 5G Industry with Impedance Analyzer 6632 With greater demand for electronics and manufacturers' need for more precise and diverse applications than before, testing equipment that ensures the reliability, safety, and quality of parts are in hot demand. Founded in 1993, Microtest Corp. is a professional maker and developer of high precision and automatic testing and measurement ins...
Insisting that its customers are always a top priority, Ho Shuan Enterprise Co., Ltd.'s R&D team provides the best educational furniture and peripherals, computer tables, and desks to meet all customer requirements. Established in 1986, Ho Shuan has experienced recent sluggish local market performance, but eventually rebounded and came back better than ever. Despite difficulties, the firm neve...
Chyn Fuh Enterprise, founded in 1993, entered the market with the sole aim of offering other OA metal furniture options for customers. Since its inception, Chyn Fuh has focused on designing and producing OA metal furniture, providing various office use products, including file cabinets, storage cabinets, office desks, and different assistive metal products. Chyn Fuh partook in many government ...
■Yang Feng-Chun In a bid to assist manufacturers in Changhua County to expand their market reach overseas against severe competition in the globalized market, Changhua County Government has been an active player in pushing for a makeover and innovation of its local small and medium-sized enterprises. This is done in hopes of establishing stronger connection with international markets. An ex...
Founded in 1980, Paul Master Auto Parts Co. is headquartered in Taiwan, a professional manufacturer of chassis and engines parts for passenger cars, trucks, and industrial trucks including forklifts. General Manager Terry Liang said the company has its own professional design department, which provides customized products and specifications for global buyers, including automobile steering and...
Taiwan First brakes Technology Co., Ltd.
Sep 04, 2019Nan Hoang Traffic Instrument Co., Ltd is one of the major manufacturers of automobile friction materials in Taiwan and globally. Chairman Austin Cheng has implemented the double-arrow strategy this year - own brand of “YangPo” is adopted to focus on global channels while the “NHC brand focuses on improving market shares in global markets, such as Europe, America, Asia, Australia, and the Middle E...
As the only hardware and hand tools trade show taking place this year globally, the three-day Taiwan Hardware Show (THS) will soon kick off on 13th October at the Taichung International Exhibition Center. Positive industry outlook for the post COVID-19 era has led to over 370 companies signing up as exhibitors, in a bid to gear up for a long-awaited economic recovery and plan the next strategic m...
Driven by market prospects, domestic and international exhibitors actively prepare International Fastener Show China in Shanghai on November 3-5, 2020. Suffering from global epidemic and quarantine nearly half year, exhibitions are hot and popular in mainland China. Thousands of visitors join and visit the exhibitions with inquiries, and are eager to know new technology. Domestic and inter...
2020 Medical Taiwan is slated to kick off on Oct. 15 to Oct 17 at Nangang Exhibition Hall 2. Aside from events at the show, show organizer Taiwan External Trade Development Council (TAITRA) is also hosting the “Medical Taiwan Virtual” online edition at the same time due to travel restrictions impacted by the COVID-19 pandemic. The virtual edition will present 200 exhibitors and over 700 medic...