Labor shortage strikes! 40% of Taiwanese companies offer an olive branch. These three major industries are "most in need" of foreign talents.

Taiwanese companies have a growing demand for foreign talents. 104 Job Bank data shows that 40% of Taiwanese companies recruit foreign professionals, and 265,000 job opportunities will be released every month in the third quarter of 2024. Among them, accommodation and catering services, wholesale and retail The direct selling industry, as well as electronic information, software and semiconductor-related industries are the most popular and have become key areas for the development of foreign talents and overseas students in Taiwan.

The demand for foreign talents is increasing day by day! The problem of labor shortage is becoming increasingly serious, and the three major industries are most in need of foreign talents.

In order to further attract overseas graduates to work in Taiwan, the Ministry of Labor announced in August 2024 that it would lift the upper limit on the number of applicants for the evaluation system for graduate overseas students to work in Taiwan. As long as the cumulative evaluation score reaches 70 or more points, the company can hire graduates based on the evaluation system without the restriction of the minimum salary of NT$ 47,971.

104 Job Bank pointed out that the accommodation and catering services industry is facing a serious labor shortage problem, with an average of 77,000 job opportunities released per month in the third quarter of 2024, making it the industry most hungry for foreign talents. Faced with the shortage of workers in the accommodation and catering service industry, the government has also relaxed restrictions on mid-level technical jobs for overseas Chinese in the hotel and accommodation industry, injecting more human resources into the industry.

The wholesale and retail and direct selling industries provided 41,000 job opportunities. Electronic information, software and semiconductor-related industries, which are the backbone of Taiwan's economy, also released 27,000 job opportunities, attracting many foreign talents with professional skills.

What jobs do foreign talents most want to apply for? 3 major career exposures, Chinese language ability is a major advantage

According to statistics from 104 Job Bank, a total of 15,000 foreign talents applied for jobs through 104 in the third quarter of 2024, and more than 80% of foreign talents have a college degree or above.

Among the job vacancies in various major industries, customer service and trade are the most popular among foreigners, with up to 18% of foreign talents applying; followed by marketing planning and project management, accounting for 11%; and R&D ranks third. category, accounting for 9%.

104 Job Bank observed that among the foreign job seekers currently looking for a job, less than 10% reported Chinese proficiency. It is recommended that if foreign talents can demonstrate their Chinese language advantages or provide Chinese proficiency certificates, they will be able to get more interview invitations from companies and become the targets of companies.

In recent years, due to labor shortages and industrial development needs, Taiwanese companies have gradually become more willing to hire foreign professionals. However, due to regulations, foreigners can only be hired if the capital reaches 5 million or the turnover exceeds 10 million.

Nowadays, in response to the problem of labor shortage, the government has relaxed restrictions on hiring foreign professionals. Enterprises that comply with the "Principles for the Recognition of New Startups with Innovative Capabilities", the "Plan to Promote Five Plus Two Industrial Innovations", and the "Six Core Strategic Industries" can Inspection tools should submit documents to the Ministry of Labor for employment applications. It is recommended that companies take foreign talents into consideration when recruiting talents, which will help alleviate talent shortages, stimulate innovation and enhance corporate competitiveness.

Source: 104 Job Bank