GDP fears not hurting employment: job banks
Taiwan’s meager economic growth from April to June has yet to hurt hiring sentiment in the third quarter, job banks said yesterday.
The Directorate-General of Budget, Accounting and Statistics (DGBAS, ) reported yesterday that the gross domestic product (GDP) eked out a 0.64-percent gain in the second quarter, falling short of a 3.05-percent estimate.
The DGBAS said that the very disappointing rate, which is the smallest in 11 quarters, reflects months of negative growth in exports including a 13.9-percent plunge in June.
Pola Chang ( ), a project manager at 104 Job Bank (104
), said that the economic growth rate has not dampened hiring sentiment in the third quarter so far.
“Currently, finding a job is not difficult,” she said.
Chang said the second half of the year tends to be the off-season for hiring, but that the bank has yet to see a significant negative impact on the number of jobs listed.
As of July, there were 677,000 listed positions, up 1 percent from 670,000 last month, Chang said, adding that the growth rate is about equal to the 1.6-percent in- crease in the same period last year.
Chang said the starting salary of entry-level job openings does not tend to see major fluctuations, but that some salary adjustments have been visible at upper-level and tech positions.
Companies have said they are willing to increase their starting salary by 10 percent in third quarter to recruit talent in big data, she said.
Meanwhile, a survey from the 1111 Job Bank (1111 ) indicated that third-quarter hiring sentiment is cooling.
But Ho Chi-sheng ( ), vice president of the 1111 Job Bank, said that the cause is likely not the national economic performance.
The job bank found that 67 percent of companies are interested in hiring in the third quarter, down 8 percentage points compared to the preceding quarter and 3 percentage points compared to the same period last year, he said.
On average, the employers polled said they were willing to offer a starting salary of NT$28,726, down 12 percent from NT$32,181 in the preceding quarter.
Ho said that firms were lowering the rate mainly due to a change they anticipated in the type of jobseekers: from professionals in the second quarter to fresh graduates in the third quarter.