GDP fears not hurt­ing em­ploy­ment: job banks

The China Post - - TAIWAN BUSINESS - BY ENRU LIN

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.

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