Robert Walters Salary Survey 2021 launch
The job market in Taiwan is being driven by technology as the pace of digital transformation is accelerated across sectors in the wake of the pandemic, according to the first-ever fully digital Salary Survey 2021 by Robert Walters, co-launched together with the ECCT at a Premium Event lunch. At the event, John Winter, Country Manager of Robert Walters Taiwan, gave an overview of the highlights of the survey. After the lunch, a press conference was held to launch the survey to the media. Read the full event report here.
Key findings of the survey show that around 73% of professionals intend to look for new jobs across sectors and employers are mostly looking to hire candidates with niche skillsets, soft skills, English capability and strategic mindsets.
Winter said that Taiwanese companies continue to repatriate operations from mainland China and accelerate overseas investments in line with a so-called China + 1 strategy to diversify global risk exposure. There has been growth across automation, semiconductors and manufacturing and opportunities for software engineering.
In terms of salary trends, accounting and finance have seen rises of 3-5% on average, healthcare around 15%, HR 8-12%, sales & marketing 10-15%, supply chain 15-18% and technology and transformation 10-15%, although Winter noted that these are averages for people seeking to change jobs and that there are considerable variations depending on the position and role.
Looking at future work trends, the expectations of talent in Taiwan has evolved. Talented people are now expecting inspiring colleagues and culture, excellent compensation and benefits and open and effective management. The pandemic has seen an enhanced use of technology and applications and tools and flexible hours.
Other interesting findings from the survey are that 22% of organisations are considering a downsize in office space, 44% of employees were not allowed to work from home before the pandemic but 79% now expect more flexibility after the pandemic ends. Meanwhile, 45% of employees believe that leaders need to focus more on outcomes rather than time spent, 55% of employees feel their leaders could show more empathy towards their employees’ work-life balance, 47% think their leaders should improve their communication skills, 53% would like their leaders to have a better understanding of technology with regards to remote working and 41% feel their leaders should move from a top-down approach towards more collaboration.