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Survey: Tech firms optimistic about second half of 2024

Reporter TVBS News Staff
Release time:2024/07/08 17:04
Last update time:2024/07/08 17:18
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Survey: Tech firms optimistic about second half of 2024 (Shutterstock) Survey: Tech firms optimistic about second half of 2024
Survey: Tech firms optimistic about second half of 2024 (Shutterstock)

TAIPEI (TVBS News) — A recent survey by 1111 Job Bank (1111人力銀行) reveals that 85% of tech companies hold a positive outlook for the latter half of the year. Among them, 22.9% foresee an economic upturn, while 62.2% expect stability. Only 14.9% of tech firms anticipate a downturn.

A staggering 96% of tech companies plan to recruit in the coming months, with the highest demand for entry-level and mid-level technical staff. The primary job openings include roles in sales, technical services, software and hardware systems, and human resources administration. Companies cite reasons for hiring, such as replenishing lost staff (71.5%), increased business volume (31.1%), and routine recruitment (27.5%).

 

Recruitment challenges are significant, with 72.8% of firms noting a shift in young people's employment intentions. Additionally, the declining birth rate has sharply reduced the number of graduates (50.0%), while international companies poaching talent (15.7%) and a low proportion of science and engineering graduates (7.8%) further complicate hiring efforts.

The Directorate General of Budget, Accounting and Statistics (主計總處) also reported that the unemployment rate in May fell to 3.34%, marking a 24-year low for the same month. However, the youth unemployment rate for those aged 20 to 24 is 11.33%, the highest among all age groups.

The Ministry of Education's (教育部) recent statistics show a continuous decline in university students. In the 112th academic year, only 191,000 freshmen enrolled, a 30% drop over 11 years. This demographic shift poses challenges for higher education and exacerbates the talent shortage amid rapid AI development and global competition for key supply chain roles.

Taiwan Business

#tech recruitment#unemployment rate#job market#tech companies#talent shortage#youth unemployment#entry-level jobs#tech industry hiring trends#challenges in tech recruitment#demand for technical staff in Taiwan

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