A recent salary survey by Talentnet shows that the retail, banking, and insurance sectors are the most likely to increase their headcount to support business expansions in 2019. Talentnet & Mercer announced its survey to 600 companies in Hanoi and Ho Chi Minh City With positive outlooks and ambitious plans ahead, 80 per cent of retail and financial firms in Vietnam are busy recruiting new staff members. According to the Talentnet & Mercer Salary Survey 2018, these industries are ranked among the top potential recruiters this year and the next. “Business conditions in Vietnam are very good in 2018 and 2019, with national GDP forecasted as high as 6.9 per cent. In general, most businesses in Vietnam will expend their business this year and next year,” said Hoa Nguyen, senior director of Human Capital Solutions Service. Salary is expected to increase at both foreign and domestic companies The results by Talentnet & Mercer are in line with another … [Read more...] about Survey: retail and financial firms most eager to hire in Vietnam
Talent attraction and retention
Technology is rapidly changing how people work and connect with each other. Artificial Intelligence and Big Data start to exercise stronger influence in many different aspects of our daily lives and businesses. Robots will likely replace humans for many of their repetitive tasks. These are key trends that are having an impact on both the needs of clients and consumers as well how businesses respond to these rapidly evolving needs. Consequently, these changing forces will also impact the future of the workforce. In an ever-specialised world, the complexity of tasks left for humans will likely increase, but in turn, it will also provide huge opportunities for employees to embrace the challenges and show their full capabilities. To address this extra complexity, the skill set for talents will likely require much more diversity and adaptability, well beyond the traditional focus on creativity and innovation. An attractive work environment will have to distinguish … [Read more...] about How to establish a talent attraction and retention strategy
DKSH Vietnam shares talent attraction and retention strategy HCMC – In explaining how to establish a talent attraction and retention strategy in the changing world, Jorge Martin-Martinez, General Director at DKSH Vietnam, said technology is rapidly changing how people work and connect with each other. Jorge Martin-Martinez, General Director at DKSH Vietnam – PHOTO: DKSH Artificial Intelligence and Big Data start to exercise stronger influence in many different aspects of people’s daily lives and businesses, he said, and robots will likely replace humans for many of their repetitive tasks. Consequently, these changing forces will also impact the future of the workforce. In an ever-specialized world, the complexity of tasks left for humans will likely increase, but in turn, it will also provide huge opportunities for employees to embrace the challenges and show their full capabilities, according to Martin-Martinez. To address this extra complexity, the skill … [Read more...] about DKSH Vietnam shares talent attraction and retention strategy
Business Beat (07-04-2008) Viet Nam firms rank #1 on retention policies by Thuy Anh Recruitment and retention challenges are still on the rise, with Vietnamese companies ranking the highest among 34 countries on the attention paid to retention policies, according to an International Business Report 2008 survey conducted by Grant Thornton. Fifty-nine per cent of businesses worldwide said they were more concerned about searching for and retaining employees than they were a year ago. Ranked first, with 84 per cent reported, Viet Nam businesses were the most focused among emerging Asian economies. Ken Atkinson, managing partner of Grant Thornton Viet Nam, said: "Attracting and retaining the right employees is crucial to business success. Increasing international competition has also accelerated structural workforce changes, resulting in a greater need to retain staff. "When you factor in all the costs, it is far cheaper to look after the people that you have, rather than continually shop … [Read more...] about Viet Nam firms rank No.1 on retention policies
Government struggles to lure overseas Vietnamese talent back home; experts say it may take years After the Vietnam War ended in 1975, Jean Nguyen and her family moved to the US, where she then graduated at the top of her class at West Point, America's premier military academy, ten years later. US President Ronald Reagan called her an "American hero." Nguyen's story, and the story of US-Vietnam relations, came full circle that day. West Point was a driver of the killing of millions of Vietnamese and a million more Laotians and Cambodians during "The Vietnam War," which had caused Nguyen to leave. The country now finds itself lacking talented and trained workers, specialists and leaders. Historically, the cause has been war and colonialism and their lingering aftereffects. Currently, it might have to do more with bloated bureaucracies and business and management culture. Experts are mulling over what can be done in Vietnam to keep talent around, and draw in talent from … [Read more...] about Vietnam’s not got talent?