Nearly 85 percent of Taiwan’s middle and senior-level managers are considering changing jobs within the next 12 months, citing displeasure with their current salaries and company culture, according to a report released by specialist Asia recruitment firm MRIC yesterday.<\/p>\n
The 2013 MRIC Talent Report surveyed 5,387 mid- to senior-level managers across a wide range of and locations, asking 3,820 in mainland China, 279 in Hong Kong, 460 in Singapore, and 379 in Taiwan. Eighty-ninety percent of those surveyed currently work in a foreign company.<\/p>\n
\u201cA much higher proportion of Taiwanese say that are dissatisfied (61.7 percent) compared to last year (51.6 percent) and to other (areas) surveyed,\u201d said Patty Yang, General Manager for MRIC Taiwan.<\/p>\n
Among those wanting to move to a new company, \u201cincreased compensation\/commission\u201d was cited as the chief motivation by the most people (42 percent), followed by \u201copportunity to increase responsibility\/challenges\u201d (32.1 percent), \u201cclearer career path\u201d and \u201ccompany’s leadership\/strategic direction\u201d (both 23.5 percent).<\/p>\n
Among those willing to stay in their current jobs, \u201cbetter work\/life balance\u201d was cited as the chief motivation by the most of those surveyed (42.3 percent), followed by \u201ccompany’s leadership\/strategic direction\u201d (32.7 percent) and \u201copportunity to increase responsibility\/challenges\u201d (26.9 percent).<\/p>\n
Of professionals in Taiwan, one quarter placed importance on the culture of the company they are employed with, the highest proportion of all locations surveyed. Among all the dimensions of corporate culture dimension surveyed, \u201cadmired leadership\u201d and \u201cbelief in fairness and promotion on merit\u201d received the lowest ratings.<\/p>\n
Social welfare issues have transfixed Taiwan’s population recently. Its relevance is also shown in the 2013 MRIC Talent Report. Benefits hold particular prominence in Taiwan compared with Hong Kong or Singapore. Retirement benefits especially were found to be a key concern in Taiwan for 62.3 percent of the professionals surveyed, followed by health care (54.4 percent) and paid time off (47.4 percent).<\/p>\n
While Taiwanese professionals have strong capabilities, they lack proficient English and communication skills compared with counterparts in Hong Kong and Singapore, said Yang, and the quality of \u201chumbleness\u201d demonstrated by Taiwanese professionals \u2014 although deemed a positive character in Chinese culture \u2014 is often not a valued trait in the competitive job market.<\/p>\n
Taiwanese professionals’ pay is \u201cfar too reasonable,\u201d Yang said, adding that \u201cthey just need to polish their English skills and improve their ability to better express themselves.\u201d<\/p>\n
For those with five to 10 years of experience in management-level positions, Taiwanese managers are usually paid 20-30 percent lower less than their counterparts in Hong Kong and Singapore, according to Yang.<\/p>\n
Taiwanese workers are usually willing to move overseas for a 5-10 percent increase in compensation, she continued. Offices in Hong Kong and Singapore are considered \u201cregional headquarters,\u201d and managers there are often charged with more responsibilities, which contribute to their higher compensation.<\/p>\n","protected":false},"excerpt":{"rendered":"
Nearly 85 percent of Taiwan’s middle and senior-level managers are considering changing jobs within the next 12 months, citing displeasure with their current salaries and company culture, according to a report released by specialist Asia recruitment firm MRIC yesterday. The 2013 MRIC\u2026<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[4],"tags":[3],"class_list":["post-2294","post","type-post","status-publish","format-standard","hentry","category-opinion","tag-null"],"yoast_head":"\n