Talent guide 2021: Market, Challengers, Opportunities & Salary Range

Talent guide 2021: Market, Challengers, Opportunities & Salary Range

  • General Introduction
  • Salary, Bonus and Benefits: Overview 2020
  • Salary, Bonus and Benefits in 2021: Expectations of employees
  • Influences of COVID-19, economic prospects of Vietnam through candidate’s perspective
  • Talent Guide 2021

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General Introduction

Navigos Group is the owner of the largest recruitment website in Vietnam, www.vietnamworks.com, and the senior recruitment services, Navigos Search.

Salary, Bonus and Benefits: Overview 2020

  • Salary, Bonus, Benefits and Expectations of job seekers
    • The criterion ‘Salary, bonus and welfare’ is the most important factor affecting the employees’ decision to switch a job
    • 13th-month salary is now the biggest benefit of employees
    • Employees’ growing expectations about salary, bonuses and welfare are a challenge for companies in acquiring and retaining talents
  • Factors affecting employees’ job satisfaction
    • Only 30% of employees were satisfied with the current benefits
    • The level of satisfaction was in direct proportion to the working position with experience and management work

Salary, Bonus and Benefits in 2021: Expectations of employees

  • Job search trends in 2021
    • 52% of employees will look for a new job in the next 3 – 6 months
  • Expectations about salary in 2021
    • 43% respondents never asked for a pay raise in 2020
    • 61% employees are expected to get a pay a raise in 2021
  • Middle managers ask for a pay raise most frequently
  • Some characteristics of salary, bonus, benefits and employee’s expectations in the different sectors

Influences of COVID-19, economic prospects of Vietnam through candidate’s perspective

  • Influences of Covid-19 on salary of employees*
    • 26% of employees experience pay cuts
    • Senior group is most influenced by the Covid-19
  • Employees’ optimism about the economic prospects of Vietnam
    • More than 50% of workers are optimistic about Vietnam’s economic prospects

Talent Guide 2021

  • Detail salary for 4 Groups of industries
    • Group 1: Banking – Finance – Insurance
    • Group 2: Manufacturing
    • Group 3: Information Technology (IT)
    • Group 4: FMCG – Retails
  • Detail salary for other industries

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