Is the Taiwan’s biggest "year-end job-hopping wave" in the past 12 years about to begin? According to the latest survey by yes123 job search website, at the end of 2024, as many as 93.4% of office workers will consider changing jobs before the year of the snake in the lunar calendar, which is higher than the 92.8% in 2023 and the highest record for 12 consecutive years. The main reasons for planning to change jobs include low salary (57.7%), lack of prospects in the company (45.3%), long-term lack of salary increase (39.2%) and lack of promotion opportunities (38.2%).
Among them, 70.8% of office workers have already taken action, such as submitting resumes. Office workers' monthly salary expectations for a new job are on average 8,053 yuan higher than their current salary. If existing employers want to retain talents, they will need an additional salary increase of 10,148 yuan to succeed, which is 26% higher than their expectations for job transfer.
The top five industries with the strongest intention to change jobs are: catering, accommodation and leisure tourism (34.6%), technology and information industry (33.6%), finance, insurance and accounting statistics industry (30.1%) and traditional manufacturing (28.9%) %), wholesale, retail and trading industry (27.9%). The majority of job-hopping workers (81.4%) consider changing industries and positions at the same time, indicating office workers' desire to change the direction of career development.
Is it okay to change jobs years ago? Labor is short of money and management is short of workers. "Trial calculations" are used to decide whether to submit a resignation.
If you change jobs before the Lunar New Year, you will be faced with the decision of "whether to give up the year-end bonus." According to a survey, 78% of office workers believe that if they resign before the end of the year, they will lose an average of about NT$ 51,000 in year-end bonuses and dividends.
In response to these concerns, some companies have adopted different strategies. 47.2% of companies said that year-end bonuses will be paid entirely based on employee performance, 42.2% of companies admitted that they may reduce the amount or not pay them, and only 10.6% are willing to give more year-end bonuses because they want to retain talents.
However, taking into account future salary increases, if the monthly salary in the new job is NT$ 4,000 to NT$ 5,000 higher, the annual salary increase after job change can reach NT$ 48,000 to NT$ 60,000, which is enough to make up for the loss of year-end bonus.
Although jumping to the end of the year still carries the risk of losing the year-end bonus, for office workers who expect salary increases, it may be an opportunity worth taking a chance on. Because at the same time that labor is short of money, management is also short of workers.
The survey shows that 96% of companies have talent recruitment needs before the Lunar New Year, and the average monthly salary offered reaches NT$ 40,622, an increase of NT$ 1,507 compared with 2023 and a 12-year high.
yes123 job search website said that if the company you work for has paid "little or no" year-end bonuses in the past few years, in fact, if you consider changing jobs and investing in resumes before the Chinese New Year, not only will you not lose anything, but your competitors will also be more competitive than when the job change wave happens after the new year. few.
Source: yes123 job search website
