Published: Wed, March 14, 2018
Worldwide | By Gretchen Simon

Taiwan hiring outlook highest in Asia-Pacific region in Q2

Taiwan hiring outlook highest in Asia-Pacific region in Q2

"The second quarter of 2018 is expected to see steady gains for Canadian job seekers", said Yvonne Tennenbaum, regional director for Manpower Canada.

Employers expect to increase staffing levels in all seven industry sectors during the upcoming quarter. While there won't be layoffs, hiring as such will be lower than in previous quarters.

The employment prospects index for the April-June 2018 period has a +16 percent reading, up three percentage points from the previous quarter and seven points from the second quarter of a year ago.

The latest data paints a picture of significant differences in hiring expectations across the country, both on a sector-by-sector basis and when compared regionally.

The strong national result is unchanged when compared to the same period past year, but declines by three percentage points quarter-on-quarter. Employers in all four regions expect to increase payrolls during the next three months. Half of the employers in the region expect to keep staffing levels as they are, while the final six per cent surveyed are now unsure of their plans. Public and social sector employers report modest hiring plans with an outlook of +7%, while some payroll gains are forecast for the mining and quarrying sector, where the outlook stands at +6%. However, outlooks weaken in four sectors, including the electricity, gas and water sector with a decline of 12 percentage points, and the wholesale and retail trade sector, where employers report a decrease of six percentage points. Similarly, employers in the Services sector report a decline of three percentage points compared to the same period in 2017. Elsewhere, agriculture, hunting, forestry and fishing sector employers report the weakest hiring intentions with a cautious outlook of +3%.

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More than 1,900 companies across Canada took part in the survey. Large employers report relatively stable hiring plans over the same period.

The report says that Finance, Insurance, and Real Estate sector have the strongest outlook (+32 percent), citing the New Southbound Policy and the foothold Taiwanese banks have made in Southeast Asian countries as a major reason for the sector's strong hiring outlook.

Staffing levels are expected to grow in all eight Asia Pacific countries and territories during the April-June time frame. When compared with 1Q 2018, hiring prospects are five percentage points stronger in Gauteng, and improve by two percentage points in KwaZulu-Natal.

Of the more than 11,500 US employers who participated in the survey, 23 percent plan to hire; 3 percent plan to reduce staff; 73 percent expect to maintain current workforce levels; and 1 percent don't know.

Those are the findings from a survey conducted by workforce analysts at ManpowerGroup.

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