Financial firms to hire over 20,000
TAIPEI, Taiwan -- Domestic financial holding firms, banks, and insurance firms are poised to carry out massive manpower expansion plans this year, seeking to recruit at least 20,000 new employees to facilitate business expansions as the market recovery gets underway, according to industry sources.
Chinatrust Financial Holding, for instance, is planning to recruit at least 100 wealth management specialists, 100 customer service staffers, and 50 people for lendings to individuals, as the consumer banking market is expected to gradually pick up this year.
In addition, Chinatrust will seek to recruit at least 30 more new employees versed in corporate banking operations, setting strict requirements in a bid to recruit those who have good education backgrounds and have an international outlook, and are ambitious enough to achieve great results.
Chinatrust manpower managers noted that the firm's demand for workforce has rebounded to the same level as recorded before the exposure of the global financial tsunami in the second half of 2008.
Meanwhile, Shin Kong Financial Holdings is planning to recruit at least 3,000 new sales representatives, and seek another 260 people as in-office service staffers at its headquarters and branches of its banking arm, Shin Kong Commercial Bank.
Of the three major domestic commercial banks, Hua Nan Commercial Bank is the most active in recruiting new employees. The bank is planning to hire 250 new employees to meet the demand for manpower at its branches at home and abroad, especially mainland China.
The First Commercial Bank is also ready to add at least 100 new employees to its workforce, so as to meet the manpower demand of its branches in Shanghai, Macau and Hanoi.
On another front, domestic life insurance firms are poised to implement massive workforce expansion projects. Cathay Life, the bellwether of the local life insurance industry, is planning to recruit as many as 6,000 to 7,000 new employees, especially sales representatives, to cash in on the recovery of the domestic life insurance market.
For the same reason, two other leading domestic life insurers, Shin Kong Life and Fubon Life Assurance, have also readied plans to hire at least 3,000 new sales persons each this year.