More than 90 percent of Taiwanese workers plan to switch jobs after the Lunar New Year holiday, driven mainly by disappointment over their pay, poor industry outlook and a lack of upward mobility, a survey by online job bank yes123 (yes123人力銀行) showed yesterday.
About 94 percent of workers said they would seek a new job, the highest level in 14 years, according to the survey, which was conducted online from Dec. 28 to Monday.
It is common for Taiwanese to switch jobs after receiving year-end bonuses ahead of the Lunar New Year holiday, which starts next week.
Photo courtesy of yes123
Pay dissatisfaction ranked top among reason for job changes, at 61.2 percent, followed by their company’s lack of growth outlook at 44.2 percent, and a perceived lack of upward mobility at 43.1 percent, the multiple-choice survey showed.
Respondents also voiced discontent over their tasks, working hours, perks and bonuses, and potential business closures, among other reasons, the survey found.
Contract chipmaker Taiwan Semiconductor Manufacturing Co (台積電) retained the top spot in the survey’s ranking of most favored employers in the tech sector for the ninth straight year, yes123 said.
State-run Chunghwa Telecom Co (中華電信), iPhone assembler Hon Hai Precision Industry Co (鴻海精密), handset chip designer MediaTek Inc (聯發科) and smartphone camera lenses provider Largan Precision Co (大立光) ranked second to fifth in the survey, it said.
They were followed by Asustek Computer Inc (華碩), ASE Technology Holding Co (日月光投控), Taiwan Mobile Corp (台灣大哥大), Delta Electronics Co (台達電) and Far EasTone Telecommunications Co (遠傳電信), it added.
Evergreen Group (長榮集團) and Fubon Financial Holding Co (富邦金控) were respondents’ favored job change destinations in the non-tech and financial sectors, it said.
The survey showed that people seeking to change employers also seek pay increases of 12 percent on average, but would agree to stay if their employer were to give them a raise of about 16.8 percent, it said.
The survey showed that 90.2 percent of respondents would consider foreign employers, higher than last year’s 89.1 percent and hitting a 10-year high.
The job bank said that 78.3 percent of the respondents would prioritize US companies, followed by 56.1 percent prioritizing Japanese companies and 33.6 percent favoring European firms, while Hong Kong-based firms were the top choice of 26.7 percent of respondents.
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