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Employers in Taiwan are placing more emphasis on workplace flexibility

  • 83% of Taiwanese employers expect to increase salaries by <5% in the next 12 months as compared with a Greater China average of 68%
  • 81% of surveyed employers in Taiwan are expecting headcount to either remain the same or increase over the next 12 months
  • 77% of employers in Taiwan expect a staff turnover of <10% in the coming year as compared with a regional average of 66%
  • 65% of surveyed employers in Taiwan say flexible working arrangements are in place at their companies
  • 34% of surveyed employers are concerned about local talent leaving Taiwan for overseas opportunities
  • 29% of surveyed employers would consider hiring overseas workers in the next 12 months

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Taiwan, 14 April 2016 – Employers in Taiwan are reviewing their retention strategies to put a strong emphasis on workplace flexibility. According to the 2016 Michael Page Greater China Salary & Employment Outlook report[1], 65% of surveyed employers in Taiwan say flexible working arrangements are now in place at their companies. This is good news for Taiwan’s pool of talent, as it was revealed in the earlier 2016 Michael Page Employee Intentions Report[2], that 51% of employees surveyed wanted flexibility in their working hours and only 28% said it was a benefit that they were already receiving.

“More employees are now valuing workplace flexibility and work-life balance, especially since the government implemented a universal 40-hour workweek[3] across the nation. In a bid to address these issues, we expect to see a continuous increase in employers focusing on workplace flexibility initiatives – the likes of working from home and flexi-hours – in their retention strategies,” says Andrew Wright, Director, Michael Page Taiwan.

Based on results from the report, it is predicted that 2016 will see steady hiring activity across Taiwan’s employment market, with 36% of employers surveyed employers in Taiwan indicating so.

The report revealed that 31% of employers surveyed cited sales and marketing functions as the hardest to replace, given the shortage of skilled talent in the market. With the digital sector remaining highly competitive, not only in Taiwan, but also globally, coming in second are information technology and digital roles at 29%. Professionals who have the right skillset will be able to command higher salaries.

The 2016 Michael Page Greater China Salary & Employment Outlook Report is based on the responses of over 1,000 employers across China, Hong Kong and Taiwan, and insights received from a series of roundtables held with employers across the region.

The Taiwan version of the full report can be downloaded here.

 

[1] Survey responses for the 2016 Michael Page Greater China Salary & Employment Outlook Report were collected in December 2015. Roundtables were completed in January 2016

[2] Survey responses for the 2016 Michael Page Employee Intentions Report were collected in September 2015.