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The Taiwan HR market is valued at NT$1.2 trillion and is expected to grow at a CAGR of 5% from 2022 to 2027. The growth is being driven by factors such as an aging population, a shortage of skilled labor, and an increasing demand for HR outsourcing. The key HR services in Taiwan are recruitment, training and development, compensation and benefits, and payroll and administration.
The Taiwan government is a major buyer of HR products and services. In 2022, the government spent NT$100 billion on HR procurement. The top HR products and services procured by the government are recruitment, training and development, and payroll and administration.
Main Human Resources (HR) Products and Services Procured by Taiwan Government are:
Recruitment: The Taiwan government procures a wide range of recruitment services, including talent sourcing, background checks, and onboarding.
Training and development: The government invests heavily in training and development for its employees. The government procures training and development services in a variety of areas, including leadership, technical skills, and customer service.
Payroll and administration: The government outsources its payroll and administration services to a number of HR service providers. Payroll and administration services include payroll processing, benefits administration, and tax compliance.
Top Authorities for Taiwan Human Resources (HR) Procurement are:
Ministry of Civil Service: The Ministry of Civil Service is responsible for setting HR policies for the government and for overseeing HR procurement.
Government Employment and Development Agency: The Government Employment and Development Agency is responsible for providing HR services to government agencies.
National Development Council: The National Development Council is responsible for coordinating HR policies across the government.
Top Winners of Taiwan Human Resources (HR) Procurement are:
Randstad: Randstad is a global HR services provider that is a major winner of Taiwan government HR procurement contracts.
ManpowerGroup: ManpowerGroup is another global HR services provider that is a major winner of Taiwan government HR procurement contracts.
PageGroup: PageGroup is a global executive search firm that is a major winner of Taiwan government HR procurement contracts.
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