Almost 81 percent of employees in Taiwan want to quit their current jobs for new ones even before receiving their year-end bonuses, in an effort to ride the wave of an improving domestic economy, according to a survey released Tuesday by online job bank yes123.
In the local job market, many workers tend to change jobs after they receive their bonuses at the end of the Lunar year, which usually falls in January or February.
But yes123 said that in its survey, which was conducted earlier this month, about 80.9 percent of the 1,258 respondents said they would like to change jobs earlier to take advantage of the rebounding economy.
Taiwan’s economy is expected to show 1.22 percent growth for 2016 and expand 1.88 percent in 2017, according to the latest government forecast, but in light of the higher-than-expected 2.06 percent year-on-year growth in the third quarter, the forecast is likely to be upgraded later this month.
The yes123 poll showed that among those workers who want to change jobs before the start of the Lunar New Year holiday, 63 percent have already sent out resumes.
The main reason for wanting to find new jobs is that the workers are not earning enough to make ends meet, as indicated by 44 percent of those who want to make a change, the poll found.
Meanwhile, 32.2 percent are worried that they have no chance of gaining promotion, 30.3 percent are pessimistic about the outlook for their current companies, 28.3 percent are dissatisfied because their pay has not increased in a while, and 26.3 percent are simply not happy at their current jobs, according to the survey.
Those employees who are seeking new jobs are expecting an average NT$7,946 (US$248) more than they are earning now, the poll showed.
Citing another recent survey, yes123 said 87.4 percent of employers in Taiwan would start job recruitment before the next Lunar New Year holiday, which runs from Jan. 27 to Feb. 1.
The average starting salary offered by those employers will be NT$33,328 per month, which is about 9 percent higher than the average pay cited last Lunar New Year, the job bank said.
Last year, the 78.6 percent of Taiwan workers said they wanted to change jobs around the time of the Lunar New Year, while the figure in 2014 was 71.3 percent, according to yes123 polls.
The job bank’s two surveys of employees this year were conducted Nov. 3-16 and had a confidence level of 95 percent. The margins of error were plus or minus 2.76 and 3.31 percentage points, respectively.
Source: Focus Taiwan News Channel