The job market in Taiwan is growing moderately in the second half of 2019 with export-oriented companies becoming more conservative in their operations due to global trade tensions, according to the Salary Survey 2020 (the ‘Report’) published by Robert Walters, a world-leading specialist professional recruitment consultancy.
The overall hiring market is more balanced, with high demand for talent in the technology and software industry in Taiwan, especially when candidates with niche skills sets are in short supply.
2020 is an election year for both Taiwan and the US, macroeconomic drives are difficult to predict and that will also affect recruitment market. Any instability in global demand will hopefully be offset by capital inflows to Taiwan from companies looking to reshore their manufacturing sites.
Pay increases in 2020 are expected to remain static, except for industry specialists and those with in-demand technical skills. For job movers, the expected salary increment for job movers will be around 10-15 percent, while the increase is expected to be up to 4 percent for those staying in the same roles.