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Professionals in Taiwan are more careful about moving careers this year due to economic uncertainty and its impact on the local job market. New research by Management Recruiters International found that less than 24% of respondents were looking for a new job, down from 38% a year ago.
“The reluctance to change is in line with their caution toward Taiwan’s economy as risk elevates,” said Patty Yang, general manager of MRI’s Taiwan. “Based on our survey, unsatisfactory payrolls are the major factory driving local professionals away from home,” she said.
Around 64% of those working managerial jobs said they would move abroad to find a higher paid job, an increase from the 51% recorded last year. Shanghai, Singapore and Hong Kong are among the most popular locations for managers.
“People are willing to relocate to overseas for a 5% to 10% pay raise plus a housing and benefits package,” said Yang. The survey also shows that professionals in Taiwan were worse off than their counterparts in Greater China and Singapore, she added.