RELEASE DATE: 19 March 2019

CONTACT: Claire Lin

Tel: 2740 0236 ext. 212

Taiwan’s renewable energy space to spark

new employment opportunities: Michael Page

Global professional recruitment consultancy released its Michael Page Taiwan Salary Benchmark 2019 report identifying renewable energy sector for growth. With keen interest from companies in offshore wind, solar and water energy, a number of global renewables leaders have identified Taiwan as their sole Asia base. Consequently, hiring for this sector is expected to have a positive outlook.

Optimistic of the opportunities, Mark Tibbatts, Managing Director at Michael Page Southern China and Taiwan commented, "The Taiwanese government has declared that by 2025, 20% of the country's electricity supply is to be derived from renewable sources. Domestic businesses are investing in this sector, with a number of international companies entering the market."

In Taiwan's employment landscape, energy could be the game-changer for bringing in foreign talent, as the sector is likely to import key personnel when establishing themselves. Specialised energy professionals globally are very mobile, and as new players move from Europe to Taiwan, talent transfers and local succession planning will create exciting job prospects.

Also highlighting a highly active technology market in the year ahead, particularly within the Internet of Things (IoT), cybersecurity, ecommerce, Fintech and blockchain, Tibbatts observed that "Taiwan is a recognised centre for software development talent, particularly for multinationals targeting Mainland China. Technology employers in Taiwan will face tough challenges in the talent race. Therefore being strategic in attracting and retaining top talent is key. Our experience shows that providing a competitive salary package, building a strong employer brand and establishing efficient recruitment processes will make the difference."

The technology market will remain talent-driven with excess demand, especially for positions within the artificial intelligence (AI) and Big Data landscape in 2019. Many top candidates are likely to receive multiple job offers. The report indicates a 12% increase in the number of technology jobs posted in Taiwan in the last 12 months where successful job movers can expect a 15% salary increase.

"With increased use of data-driven decision making, companies are also hiring data engineers, machine learning scientists and data scientists to implement business strategies," Tibbatts explained.

Editor's Note: The Michael Page Taiwan Salary Benchmark 2019 report was produced in collaboration with the European Chamber of Commerce Taiwan (ECCT), and released at an ECCT Premium Event lunch held on 19 March 2019. Data for the report is derived from The Page-Group's proprietary database capturing job advertisements and placements mainly through 2018 and other PageGroup studies. Information is then validated against insights from our leaders’ and consultants’ interactions with clients and candidates.