1. HR TRENDS IN VIETNAM LABOUR MARKET
Kim Le
Country HR Manager
April 28, 2017

2. Agenda Labour Market Overview Challenges & Opportunities
HR Trends in Vietnam Labour Market
Agenda
Labour Market Overview
Challenges & Opportunities
Skills Shortage in Vietnam
Hardest Job to fill
Friday, April 28, 2017

3. Source: ILO Vietnam, July 2015
HR Trends in Vietnam Labor Market
MARKET OVERVIEW
Education:
High skilled employees only accounted for 22.1% of total labors in Vietnam
Many wage employees have relatively low education backgrounds, but they acquired “on the job” training skills.
Working Age:
37.6% of total employment is in prime working age: ages
44.7% of total employment is in young age: ages
Source: ILO Vietnam, July 2015
Friday, April 28, 2017

4. WORK EXPERIENCE EMPLOYMENT BY SECTOR add presentation title here
Friday, April 28, 2017

5. PRODUCTIVITY HR Trends in Vietnam
Labor Productivity of Vietnamese employees is still a big concern.
Some main reason:
Skilled Labor accounts for only 22.1% of total workforce. Majority are semi-skilled labours.
Training does not meet the demand from Employers: many university graduates don’t have enough employability skills and require “on the job” training skills
Lack of soft skills: teamwork, communications, negotiation, time management, etc. to perform jobs effectively.
Friday, April 28, 2017

6. SALARY OF HIGH SKILLED EMPLOYEES
HR Trends in Vietnam
SALARY OF HIGH SKILLED EMPLOYEES
For higher positions, the gap between Local and MNC is bigger => highly skilled employees want to work for MNC in management positions
Source: Mercer
Friday, April 28, 2017

7. HIRING DEMAND BY LEVEL Demands for Mid-level Professionals is highest
HR Trends in Vietnam
HIRING DEMAND BY LEVEL
Demands for Mid-level Professionals is highest
accounted 63% of total placements at ManpowerGroup Vietnam
Friday, April 28, 2017

8. CHALLENGE VS OPPORTUNITY for Mid-level Employees in Vietnam
HR Trends in Vietnam
CHALLENGE VS OPPORTUNITY for Mid-level Employees in Vietnam
Challenges:
Productivity
Soft skills
Career Advancement/ Career Growth within organization
Technical Hard Skills (Manufacturing Industry)
Competition within ASEAN (08 occupations in free movement under AEC)
Opportunities:
Opportunities from International and Regional Economic Integration: Vietnam recently joins many important FTAs: Trans Pacific Partnership (TPP), Asean Economic Community (AEC), EFTA (EU – Vietnam Free Trade Agreement)
=> More job opportunities, more options for professional growth,
Friday, April 28, 2017

9. SKILL SHORTAGE COMPARING TO CHINA & INDIA
HR Trends in Vietnam
SKILL SHORTAGE COMPARING TO CHINA & INDIA
Friday, April 28, 2017

10. TOP SKILLS IN SHORTAGE Survey from ManpowerGroup in 2011:
HR Trends in Vietnam
TOP SKILLS IN SHORTAGE
Survey from ManpowerGroup in 2011:
Industry/Consumer/Product Knowledge
Occupational Health & Safety
Adapting to new technology
Ability to innovate
Business Planning
Work Procedures, Team work, Interaction
Operating Machine & Equipment
Friday, April 28, 2017

11. HR Trends in Vietnam Lack of skills in Middle Management:
Management Skills
Motivational Skills
Presentation Skills
Understanding the role of the company in society
Foreign Language Skill
Sense of Responsibilities
Knowing How to delegate
Legal/Economics/Finance Basics
Friday, April 28, 2017

12. HARDEST JOB TO FILL (GLOBAL TREND)
HR Trends in Vietnam
HARDEST JOB TO FILL (GLOBAL TREND)
Source: ManpowerGroup
Trend in Vietnam is expected to shift similarly to global trend since Vietnam have had a deeper economic integration in future (through TPP, AEC, other FTAs)
Friday, April 28, 2017

13. Thank you!