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TAIPEI, , Nov. 29, 2017 /PRNewswire/ -- Robert Walters, a global specialist professional recruitment consultancy released the annual Salary Survey for 19 consecutive years, which offers detailed analysis and forecasts on the job market. In 2018, digitalisation and innovation are expected to continue to fuel growth across multiple industries, while salaries will remain broadly on the 2017 level with salary increments for job movers seen on average 10-15%.
Fuelled by a myriad of factors, Taiwan's job market began 2017 with a positive business environment and hiring levels. Some of these factors included the increase in global demand for Taiwan exports to a three-year high, the government's 'Asian Silicon Valley' strategy that is driving foreign investment in the region, and the rapid adoption of digital innovation and e-commerce. The continued internationalisation of Taiwanese companies has also led to heightened competition for bilingual professionals and those with international-company experience.
Technological innovation in Taiwan is set to gather further pace and encourage the hiring of IT talent across multiple industries in 2018 as companies look to maintain their competitiveness and cost efficiency. Technology professionals with niche and emerging skills sets, including AI, Internet of Things, virtual reality, and robotics will be highly sought after. Also, the ongoing digitalisation and automation of operational processes will generate strong demand for specialists that show a willingness to up-skill in order to drive digital-transformation projects. Salary increments in the IT sector are expected to vary greatly according to the particular skills, with average salary increments of 15-20% when changing jobs.
On the accounting and finance side, there's an ongoing shortage of bilingual and qualified professionals. With the growing adoption of technology and e-commerce, companies are increasingly relying on data in their decision making. Thus, many finance leaders will seek to boost their teams with talent that can improve analytical problem-solving, along with those who have high-performance communication skills to support business decision-making and collaboration with a variety of internal stakeholders. In-demand job movers are expected to command salary increases of 10-15%.
In the sales and marketing industry, the life science and technology industries are the key drivers for steady recruitment activity. Experts in digital marketing, e-commerce, website/application development, social media management and data-driven marketing analysis will be among the most sought after. Salary increments will vary depending on sector, with retail offering 10% increases and in-demand sectors, such as technology, offering 15% on average.
Steady growth in the supply chain, logistics and procurement sector is anticipated in 2018. Apart from innovation development, the new national government has also stepped up efforts to develop Taiwan into the global hub of the machinery industry in the 'Industry 4.0' era. Professionals with experience in machinery supply chains are expected to be sought in 2018 to drive smart-automation programmes. Recruitment will also be buoyant in the healthcare sector, with candidates possessing bilingual abilities and strong communication skills being ideal hires.
John Winter, General Manager, Robert Walters Taiwan, said:
"We expect 2018 will present most employers in Taiwan with a stable business environment. However, in a market with demand outstripping supply, attracting professionals of high calibre will require flexible hiring criteria and a sharper focus on an individual's potential and cultural fit.
"Employers should also be aware that salary alone will not attract high-calibre candidates as they are increasingly motivated by work-life balance, company culture, structured career progression and flexible working. At the same time, job seekers should gain new skills and be open-minded about upgrading their professional abilities especially in the face of constant technological changes in Taiwan."
You can obtain a copy of the Robert Walters Salary Survey 2018 here.
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