High demand for tech talent in Taiwan pushes up salaries: report
Taipei, April 16 (CNA) A newly released report on Taiwan's hiring market shows high demand for talent specializing in technology and digital transformation, and those who plan to change jobs in related industries in 2021 can expect to receive a salary increase of 10-15 percent.
The Taiwan office of professional recruitment consultancy Robert Walters and the European Chamber of Commerce Taiwan (ECCT) issued the "Salary Survey 2021" Friday, providing an overview of Taiwan's hiring market in 2020 and hiring trends in 2021.
Robert Walters Country Manager John Winter said at Friday's media presentation that tech positions account for a large share of Taiwan's hiring market, noting that many companies have already indicated they intend to increase related staff significantly.
Looking at the major hiring trends in the technology sector, Winter said Taiwanese companies continue to repatriate from China and accelerate overseas investments, leading to growth in job opportunities in the automation, semiconductor and manufacturing sectors.
The report indicates that tech professionals looking for a new position in 2021 can expect pay raises of about 10-15 percent.
Software engineers and skilled workers in the semiconductor industry, both of whom are highly sought after, could even receive an increase of 15 percent from their previous jobs due to the global demand for chips, added Winter.
In addition, the report suggests that professionals with expertise in supply chains and logistics could see an increase in salaries of 15-18 percent for new positions.
The trend of supply chains moving out of China and the booming of the e-commerce sector have raised demand for supply chain professionals, thus driving employers to offer better pay to attract talent, according to the report.
The figures are averages for people seeking to change jobs, there are considerable variations depending on positions and roles, added Winter.
The report also noted that in the first half of 2020, hiring activities in Taiwan were "significantly impacted," as companies exercised caution because of the COVID-19 pandemic. However, the hiring market recovered in the later half of 2020 after business activities resumed in Taiwan.
Meanwhile, ECCT Chief Executive Officer Freddie Höglund said the regulatory framework in Taiwan lacks the flexibility needed to keep up with a changing world and that is the biggest challenge the country faces in the post-COVID era.
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