TAIPEI (TVBS News) — Taiwan's new hire retention rate has been declining recently while the country faces a talent shortage. In response, companies are now focusing more on creating positive work environments.
Several factors indicate a positive work environment, such as supportive supervisors, flexible working hours, and company-provided childcare. According to a recent survey by a management consulting company, improving employees' well-being can boost business performance by 55%.
Chia Hsin Cement Corporation, Taiwan's first private cement company, achieved an impressive employee retention rate of 90.6% by prioritizing a positive working environment. One of the critical factors in creating a positive work environment is ensuring employees have an excellent work-life balance.
Both men and women face challenges in balancing work and family life, and there is no gender difference in the desire to achieve this. Companies must be supportive and develop policies to alleviate the challenges faced by double-income families.
By fostering a positive workplace, companies can also achieve sustainable development. In the long run, if employees can effectively balance work and childcare, it may lead to a turning point in Taiwan's declining birth rate.
