ONLINE RECRUITMENT MARKET IN VIETNAM€¦ · about the current and predicted movement of the online...

MARKET IN VIETNAMONLINE RECRUITMENT

MID-YEAR 2019

An annual report published by VietnamWorks about online recruitment demand and labor supply in Vietnam

R E P O R T

WHAT IS VIETNAMWORKS’ ONLINE RECRUITMENT MARKET REPORT MID-YEAR 2019 IN VIETNAM?

The Online Recruitment Market Report Mid-year 2019 In Vietnam is published annually by the biggest online recruitment company in Vietnam – VietnamWorks (under Navigos Group Vietnam). The report aims to provide market information for HR professionals to make informed decisions and strategies to attract and recruit talents.

All the statistics shown in this report are the result of a thorough analysis of VietnamWorks’ job applications, as well as surveys to both employers and jobseekers. This report, thus, reflects the current online recruitment market situation in Vietnam from VietnamWorks’ perspective.

ONLINE RECRUITMENT MARKET REPORT MID-YEAR 2019 IN VIETNAM VietnamWorks

01

This report mainly uses quantitative methods to analyze statistics about the current and predicted movement of the online recruitment market in Vietnam in 2019.

In particular, to identify the change in demand and supply over time, we analyze applications on VietnamWorks.com in a period of 5 years, from 2014 to 2018. To analyze the shortage of human resource, we base on a survey of about 400 HR experts from companies in Vietnam. To predict the growth of the labor supply, we base on a survey of about 4000 jobseekers to add more insights to our analysis. Both surveys for employers and jobseekers are conducted in July 2019.

All data in this report is processed and indexed to protect VietnamWorks’ business assets. More specifically, original data is divided by an anchor point, which is extracted from our data in 1st Quarter of 2013.

The data in this report, while comprehensive, does not reveal any specific employer’s recruitment activities and results.

METHODOLOGY

ONLINE RECRUITMENT MARKET REPORT MID-YEAR 2019 IN VIETNAMVietnamWorks

05

WHAT’S INSIDE

Overviews of the online labor supply onVietnamWorks in the first-half of 2019 05

11

15

21

29

The online recruitment demand situationin the first-half of 2019

Forecast of the online recruitment demandin the second-half of 2019

Forecast of the online job seeking demandin the second-half of 2019

Key takeaways

OVERVIEWS OF THE ONLINE LABOR SUPPLY ON VIETNAMWORKS

2019IN THE FIRST-HALF OF

The data in this section is analyzed from job applications on VietnamWorks.com from the beginning of 2019 to the end of June 2019

ONLINE LABOR SUPPLY ON VIETNAMWORKS IN THE FIRST-HALF OF 2019

According to VietnamWorks’ application statistics, the online labor supply in the first-half of 2019 increased by 20% compared to the same period in 2018.

Meanwhile, the compounded annual rate of growth (CARG) for the period 2014-2019 is about 14.3%, which shows that in the first-half of 2019, the online labor supply experienced an outstanding growth (in particular, 20% growth) compared to the average growth rate (compounded annual rate of growth) of the first-half in the period from 2014 to 2019.

This means that in the first 6 months of this year, in general, the labor market recorded by VietnamWorks has experienced a very plentiful period of applications.

Applications Index

600

500

400

300

200

100

1H/2014 1H/2015 1H/2016 1H/2017 1H/2018 1H/2019

235+12%

+24%+14%

+2%+20%

264

328375 381

457


05

DISTRIBUTION OF ONLINE LABOR SUPPLY ON VIETNAMWORKS BY CATEGORY

Administrative/Clerical, Accounting, Production/Process are 3 categories with the highest number of applications in the first-half of 2019 on VietnamWorks.

However, Banking, Health/Medical Care and Consulting are the categories with the most significant growth in the first-half of the year from 2018 to 2019.

Administrative/Clerical

Accounting

Production/Process

Advertising/Promotion/PR

Customer Service

Architecture/Interior Design

Export-Import

Civil/Construction

Marketing

IT - Software

Electrical/Electronics

Consulting

Sales

Retail/Wholesale

Education/Training

Pharmaceutical/Biotech

Banking

Human Resources

Health/Medical Care

Merchandising/Purchasing/Supply Chain

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

11%

1%

17%

29%

27%

9%

9%

19%

22%

7%

15%

51%

14%

24%

38%

9%

65%

18%

64%

25%

20 categories with the highest online labor supply in the first-half of 2019

Categories Ranking of the number of applications

Growth rate in the period of

1H/2018 – 1H/2019


06

5 CATEGORIES WITH OUTSTANDING GROWTH IN ONLINE LABOR SUPPLY IN PERIOD OF 2014-2019 (THE FIRST-HALF)

Annual Growth RateCategories2014 - 2015 2015 - 2016 2016 - 2017 2017 - 2018 2018 - 2019

115%

33%

23%

15%

23%

32%

14%

27%

41%

16%

11%

7%

6%

19%

17%

9%

23%

32%

8%

8%

35%

51%

24%

29%

38%

Food & Beverage

Consulting

Retail/Wholesale

Advertising/Promotion/PR

Education/Training

In terms of the number of applications on VietnamWorks, Food & Beverage is not at the top. However, the number of applications in this category has been growing impressively, nearly 5 times in just 5 years, according to the trend of first-half data in the period form 2014-1019. The following is Consulting with number of applications increasing 3 times within 5 years.

In addition, Education/Training, Advertising/Promotion/PR and Retail/Wholesale are also the categories that show outstanding growth and are expected to attract more candidates in the labor market in the near future.

Growth of applications starting from the first-half of 2014

1H/2014 1H/2015 1H/2016 1H/2017 1H/2018 1H/2019

5x

4x

3x

2x

1x


07

DISTRIBUTION OF ONLINE LABOR SUPPLY ON VIETNAMWORKS BY LOCATION

Ho Chi Minh City and Hanoi are the two cities with the leading number of applications for years on VietnamWorks and proved their vital position in the labor market. However, in the past 1 year, provinces have a large expansion in the number of applications are Dong Nai, Bien Hoa, Ba Ria - Vung Tau, showing that the extent of the spread of labor resource to “satellite towns” of Ho Chi Minh City in particular and the Southeast in general is getting bigger and bigger.

10 locations with the highest online labor supply in the first-half of 2019

Locations Ranking of the number of applications

Growth rate in the period

of 1H/2018 – 1H/2019

Ho Chi Minh

Hanoi

Binh Duong

Danang

Bac Ninh

Hai Phong

Dong Nai

Bien Hoa

Ba Ria - Vung Tau

Hai Duong

1

2

3

4

5

6

7

8

9

10

18%

15%

16%

24%

-4%

3%

44%

68%

54%

28%


08

4 LOCATIONS WITH OUTSTANDING GROWTH IN ONLINE LABOR SUPPLY IN THE FIRST-HALF OF 2019

Even though not leading in the number of applications, Vinh Phuc has had the biggest growth rate of the first-half period, increased continuously and nearly 8 times in just 5 years from 2014 to 2019. In addition, Quang Nam has showed a high level of attractiveness in the number of applications in the period from 1H/2018 until now, particularly, increasing 1.5 times within one year.

Neighboring the major cities in the North and Central of Vietnam, these two provinces are showing strong growth in labor supply. This also shows that “satellite towns” and the industrial parks near the municipalities of Vietnam (such as Hanoi and Da Nang) are tending to be more favored by jobseekers.

Ranked 3rd and 4th in the growth rate are Ho Chi Minh City and Danang, which shows that big and growing cities are always the first choice of jobseekers in order to build their career.

Annual Growth RateLocations2014 - 2015 2015 - 2016 2016 - 2017 2017 - 2018 2018 - 20189

117%

38%

14%

27%

23%

0%

28%

21%

78%

25%

12%

15%

54%

7%

10%

3%

0%

150%

24%

18%

Vinh Phuc

Quang Nam

Danang

Ho Chi Minh

Growth of applications starting from the first-half of 2014

9x

7x

5x

3x

1x

1H/2014 1H/2015 1H/2016 1H/2017 1H/2018 1H/2019


09

DISTRIBUTION OF ONLINE LABOR SUPPLY ON VIETNAMWORKS BY JOB LEVEL

According to the data of the first-half of the year from 2014 to 2019, the rate of applications by job level over the years has not changed much. However, if based on the trend in the past 3 years according to VietnamWorks' perspective, the number of experienced applications is decreasing slightly, while the applications of the managers and new grad/entry level/internship tend to increase slightly.

Growth rate of applications by job level

1H/2014-1H/2015

1H/2015-1H/2016

1H/2016-1H/2017

1H/2017-1H/2018

1H/2018-1H/2019

80%

60%

40%

20%

0%

72%

21%

2%

5% 5% 5% 6% 7%

2% 2% 3% 3%

21% 18% 19% 20%

72% 75% 72%69%


Experienced (Non- Manager)

New Grad/Entry Level/Internship

Manager

Director and above

Application rate by job levels

From VietnamWorks’ perspective, in the first 6 months of 2019, the majority of labor supply comes from experienced candidates and managers.

70%

20%

7% 3%



Manager

Director and above

10

THE ONLINE RECRUITMENT DEMAND SITUATION

2019IN THE FIRST-HALF OF

The data in this section is analyzed from employers’ survey of VietnamWorks on July 2019


TALENT SHORTAGE INDEX

General shortage rate

Shortage rate by company sizes

Shortage

79%

No shortage

21%

79% of employers said that in the first 6 months of 2019, their businesses lacked of people to fill in their job vacancies.

In fact, the number of companies surveyed which have more than 500 employees to less than 5000 employees are having the highest shortage rates. This partly shows that large and very large companies are having a shortage of employees larger than small and medium companies. Therefore, it is believed there will be a large number of recruitment demand in these companies in the near future.

Less than 100 employees

100 - 500 employees

501 - 1000 employees


5001 employees or more

0% 50% 100%

ShortageNo shortage

74%

76%

87%

87%

80%

12

ONLINE RECRUITMENT MARKET REPORT MID-YEAR 2019 IN VIETNAM

Accommodation/Restaurant /Hotel/Tourism is leading in 10 business fields with highest shortage rate in the first-half of 2019 with 94% of employers said that their companies have faced with the shortage of employees during the first 6 months of this year. This signalled an extremely competitive recruitment market for the last months of 2019 for jobs in restaurants, hotels, tourism and travel services.

Following are Electrical/Electronics, Technology/Engineering, and Mechanical, which shows that jobs in these fields are about to enter the hottest stage in the following months of 2019 to offset the lack of human resource.

ShortageNo Shortage

10 business fields* with the highest shortage rate of human resource


Technology/Engineering

Mechanical

Retail/Wholesale Trading

Textiles/Garments/Footwear

IT (Information Technology)

Construction

Medical Services/Healthcare

Real Estate/Rental/Leasing

0% 50% 100%

Accommodation/Restaurant/Hotel/ Tourism

0% 50% 100%

94%

90%

88%

87%

84%

83%

80%

65%

63%

61%

13

(*) Business field: is the industries that companies use to register their businesses

VietnamWorks

CAUSES OF TALENT SHORTAGE

Nearly half of the employers (more than 48%) surveyed said that the number of applicants is not enough to meet the recruitment demand, which is the biggest reason why their companies have a shortage of human resource.

The other reasons are lacking of professional skills from candidates and employee benefits which are not sufficiently satisfied as expectation of candidates.

The number of applications is not enough

to meet the demand

Applicants do not meet the requirements for

professional skills

The company's benefits have not met the

candidates' expectations

Employer brand is not strong enough

Applicants do not meet the requirements for soft

skills and experience

High turnover rate Lack of recruitment budget

Other

48% 40% 39% 37%

36% 24% 9% 5%

VIETNAMWORKS’ SUGGEST

14

Regarding to labor shortage due to insufficient applications, VietnamWorks suggest employers taking more advantages of using premium services to optimize the display of job posts besides basic job post service to attract more potential candidates.

In order to find candidates who meet the required skills and experience, employers need solutions that can ensure the right candidates. This is also a good opportunity for employers to use VietnamWorks' Digital Recruitment Services to experience targeted recruitment tools by using the most popular social media channels such as Facebook, LinkedIn, Google - places where there are a lot of potential candidates.

In addition, employers can also refer to the Annual reports about salary, bonuses and benefits from VietnamWorks to have a more objective view of the aspirations of jobseekers to give the most attractive remuneration policies, to minimize the possibility of causing talent shortage.


FORECAST OF THE ONLINE RECRUITMENT DEMAND

2019IN THE SECOND-HALF OF

The data in this section is analyzed from employers and jobseekers’ survey of VietnamWorks on July 2019


FORECAST OF THE ONLINE RECRUITMENT DEMAND IN THE SECOND-HALF OF 2019

Forecast of employers’ recruitment demand

Forecasted growth in second-half of 2019 compared with the first-half 2019

66% of employers said that their demand for talents will increase in the second-half of 2019 and only 8% of companies need to reduce.

Increase

66%

Decrease

8%

Not change

26%

30%

25%17%

15%

10%4%

Increased from 6% to 10%

Increase from 11% to 20%


Increase by 5% or less


Increased from 51% or more

Among employers surveyed, up to 30% of them anticipate their demand will increase from 6% to 10% compared to the first-half of 2019. 25% of employers believe that demand will increase from 11% to 20% compared to the first-half of 2019.

16


DETAILED FORECAST OF RECRUITMENT DEMAND IN THE SECOND-HALF OF 2019

By company size

By business field*:

In 66% of companies with increased labor demand in the second-half of 2019, companies with less than 100 employees had the largest increase in demand, followed by larger companies. However, the difference between small and medium companies and large-scale companies is still insignificant.

Up to 82% of employers with increased recruitment demand are Technology/ Engineering, which accounts for the highest percentage compared to other fields. Followings are Accommodation/Restaurant /Hotel/Tourism and Mechanical.

Companies in these fields will have to be more competitive than other sectors when recruiting in the second-half of 2019 because the demand of the market increases.

Less than 100 employees

100 - 500 employees



5001 employees or more

0% 50% 100%

68%

67%

54%

67%

67%

Technology/Engineering

Accommodation/Restaurant/Hotel/Tourism

Mechanical

IT (Information Technology)

Real Estate/Rental/Leasing

Retail/Wholesale Trading


Construction

0% 50% 100%

82%

75%

73%

70%

70%

68%

67%

65%

Selection rate by employers


17

(*) Business field: is the industry that companies use to register their businesses


By job level

By category:

Experienced candidates account for 85% of employers’ demand in the last 6 months of 2019. Following is Manager level candidates with 36% of employers choosing.

According to the survey, Sales, IT-Software and Electrical/Electronics topped the list of categories with the highest recruitment demand in the second-half of 2019. This also means that these categories have the highest competition, requiring companies to do their best to stand out in the recruitment market.In order to do that, employers need to find the right and suitable access channels for potential candidates.


Manager


Director and above

0% 50% 100%

85%

36%

22%

7%


Sales

IT - Software


Marketing

Engineering

Maintenance

Sales Technical

Accounting

Mechanical

Production/Process

0% 20% 40%

34%

16%

15%

13%

13%

12%

12%

11%

11%

11%


18


SOLUTIONS TO REDUCE THE SHORTAGE OF TALENTSWHICH ARE EXPECTED TO BECOME MORE POPULAR IN THE SECOND-HALF OF 2019

Big online job sites such as VietnamWorks, free recruitment channels such as social networking, email... and referral programs through internal employees are 3 solutions that are most used by employers to enhance recruitment in the coming 6 months of 2019.

In addition to solutions for recruiting new employees, to minimize talent shortage, employers are paying much attention to retain current talents in the company, such as employee engagement solutions, adjusting benefits and welfare, improving training and development programs.

0% 20% 40% 60%

49%

46%

44%

39%

34%

33%

32%


Use large online job sites such as VietnamWorks

Use recruitment channels such as social networks, email...

Internal employee referral program

Increase employee engagement

Increase employer branding

Adjust the salary and bonus scheme appropriate to the market

Promote training and development programs for employees

19


POPULAR TALENT RETENTION SOLUTIONS PREFERRED BY BOTH EMPLOYERS AND JOBSEEKERS

According to the survey, “salary & bonuses are competitive & consistent with employee capability" occupy the first position in the ranking of the most important factors in retaining talents used by employers and preferred by jobseekers. Following, with employers, in the 2nd and 3rd position, “opportunities for promotion & long-term commitment", and “benefits are attractive" are also the focused factors. With jobseekers, ranking No.2 and No.3 are "professional working environment” and "opportunities for promotion and long-term commitment".

Comparing with the top 5 between employers‘ and jobseekers' choices, it is easy to see familiar factors such as salary & bonuses, promotion, engagement opportunities with the company, benefits and training programs... This proves that all employers could understand the aspirations and desires of jobseekers. And these data are completely available for employers to attract new talents and create better policies to retain existing employees in the company.


Selection rate by jobseekers

Salary & bonuses are competitive &

consistent with employee capability

Opportunities for promotion & long-term commitment

Benefits are attractive

Employees are trained & professional

developed

Direct boss is good & have an

enthusiastic support

Salary & bonuses are competitive & cosistent with

employee capability

Professional working

enviroment

Opportunities for promotion &

long-term commitment

Benefits are attractive

Employees are trained & professional

developed

81% 69% 64% 53% 47%

72% 68% 65% 55% 53%

20

FORECAST OF THE ONLINE JOB SEEKING DEMAND

2019IN THE SECOND-HALF OF

The data in this section is analyzed from jobseekers’ survey of VietnamWorks on July 2019

21


THE OVERVIEW OF THE ONLINE JOB SEEKING DEMAND FORECAST IN THE SECOND-HALF OF 2019General job seeking demand

Job seeking demand by job level

More than 75% of survey participants said that they intend to change jobs in the second-half of 2019. This number opens up an extremely large recruitment opportunity during the next 6 months.

According to the survey, director and above is the level with the highest rate of people seeking jobs with over 78%. The next level is manager and experienced staff, showing that the ability to recruit potential candidates in these levels is extremely large in the near future.

Director and above

Manager

Experienced (Non-Manager)


Will find new jobNo intention to change job

75%

25%

No intention to change job in the last 6 months of 2019.

Will find new job in the last 6 months of 2019.

0% 20% 40% 60% 80% 100%

78.4% 21.6%

75.7% 24.3%

75.1% 24.9%

72.3% 27.7%

22


Job seeking demand by category

Job seeking demand by gender

100%0% 50%

FORECAST OF THE ONLINE JOB SEEKING DEMAND IN THE SECOND-HALF OF 2019

Banking is the category with the highest rate of jobseekers in the second-half of 2019, with more than 81% of respondents wishing to change job.Followings are Electrical/Electronics, Accounting, Education/Training, .. Among the 10 categories with the highest demand for jobs, up to 4 categories are also among the most competitive categories: Sales, Electrical/Electronics, Accounting, and Engineer. It means that these 4 categories in the near future may be the most active labor supply and demand markets.

Besides, among candidates surveyed, male candidates are more likely to look for jobs than female candidates, but this difference is not large.


Will find new job No intention to change job

Banking


Accounting

Education/Training

Customer Service

Sales


Civil/Construction

QA/QC

Engineering

Female

Male

81%

80%

79%

77%

76%

76%

75%

75%

74%

73%

19%

20%

21%

23%

24%

24%

25%

25%

26%

27%

0% 50% 100%

73.2% 26.8%

77.1% 22.9%

23


Job seeking demand by number of year working with current company

Job seeking demand generations

Despite staying long at a company, many people are still open for new opportunities. According to the survey, candidates who work from 3 years or more for their current company are in the highest demand for job seeking in the last 6 months of 2019 at a rate of over 80%.

Generation X, experienced candidates aged 40 and older, is expected to have the highest job seeking demand in the second-half of 2019, because 83% of them will seek new jobs, much higher than the Generation Y and Generation X candidates.

Will find new job intention to change job

Less than 1 year

From 1 to under 3 years

From 3 to less than 5 years

From 5 years or more

0% 50% 100%

67.0%

74.0%

81.3%

81.3%

33.0%

26.0%

18.8%

18.8%


Generation X (born 1965 - 1980)

Generation Y (born 1981 - 1995)

Generation Z (born 1996 and later)

0% 50% 100%

83%

74%

71%

17%

26%

29%

In a closer analysis of the Generation X candidates expecting to change job, VietnamWorks has found that more than 54% of them are working at their current company for 5 years or more and more than 82% have manager level upwards. The three main reasons why Generation X wants to change jobs are: Wishing to have a higher salary (33%), Looking forward to better benefits policy (29%) and Looking for a different place more cultural and corporate values (25%). This proves that most of them are core employees who have been with a company for a long time, but in the coming time, they intend to change jobs with better remuneration and working conditions.

From VietnamWorks' perspective, this is a good source of candidates for management positions in the future. And in order to attract these potential candidates, businesses need to invest more in promoting benefits policies, attractive salary package and corporate culture in the second-half of 2019.

24


TIME FOR JOB SEEKING IN THE SECOND-HALF OF 2019

Among people who are seeking new jobs during the second-half of 2019, 29.6% of them intend to change jobs in August, followed by September with 20.3%.

According to the survey, the majority of candidates from Manager level and below have the highest demand for jobs in August.Particularly, the candidates for the Director and above have the most demand for job search in July and September.

July

August

September

October

November

December

July

August

September

October

November

December

17.7%

29.6%20.3%

13.2%

4.2%

15.1%

Time for job seeking by job level



Manager

Director and above

28% 29% 12% 19%3% 10%

17% 31% 20% 11%4% 16%

15% 29% 22% 15%5% 14%

25% 20% 25% 13%1% 16%

25


Time for job seeking by some highly competitive categories

Sales

Accounting

Mechanical

Production/Process

CustomerService

IT - Software


Marketing

Engineering

Maintenance 25% 29% 25% 8%0% 13%

13% 45% 13%5%5% 18%

22% 31% 12% 12%8% 14%

19% 19% 25% 13%9% 16%

16% 26% 29% 13%3% 13%

26% 29% 18% 13%0% 13%

14% 17% 17% 19%8% 25%

17% 33% 22% 9%0% 20%

19% 26% 18% 18%5% 14%

20% 39%12%12%

12%5%

In particular, most of candidates of highly competitive categories in terms of recruitment demand, have the highest demand for jobs in August, such as Sales, IT-Software, Electricity/Electronics, Engineer... Besides, there are also a number of categories with the highest demand for jobs around December for Marketing or September for Engineering and Manufacturing.The above figures partly predict the most exciting times of the hottest categories in the second-half of 2019, so employers can fully take advantage of the opportunity to come up with a suitable recruitment strategy for each period and position that they are looking for.

26

July

August

September

October

November

December


THE REASONS FOR CHANGING JOBS

JOB SEARCH CHANNELS ARE EXPECTED TO BECOME POPULAR IN THE SECOND-HALF OF 2019

56% 41% 29% 28% 25%

Looking forward to a

higher salary

Looking forward to better benefit

policies

Strengths were not promoted in current job

Looking forward to a higher

position

Not happy at the current work

22% 19% 11%

Looking forward to a company that has more suitable about

culture & values

Looking forward to doing a more meaningful job

The current boss does not lead well

at work

Looking forward to working in a larger company

Unable to balance life with

current work

25% 25%

Looking forward to a higher salarLooking forward to better benefit policiesStrengths were not promoted in current job

are top 3 reasons why people want to leave their current jobs.

VietnamWorks, introduced by friends and LinkedIn are forecasted to be the 3 most used job search channels in the last 6 months of 2019.

80% 36% 36% 28%

18% 16% 14%

9% 6%

VietnamWorks

Headhunt services

Advertising on Facebook

OtherEmployee referral program of companies

Job site of companies

Social networking sites of companies

(Facebook, LinkedIn)

Postings on Facebook community

groups

Introduced by friends LinkedIn The other online job sites

18%

8%

27


RATE OF JOBSEEKERS IN SOME CATEGORIES SELECTED VIETNAMWORKS AS A POTENTIAL JOB SITE IN THE SECOND-HALF OF 2019

Civil/Construction

Education/Training

QA/QC

Engineering


IT - Software


Accounting

Textiles/Garments/Footwear

Banking

Human Resources

Customer Service

Sales

Marketing

According to the survey, about 90% of Civil/Construction candidates surveyed believe that VietnamWorks is the online job search channel that bring the best jobs for them in the future.More than 80% of candidates in Education/Training, QA/QC, Engineering, Electrical/Electronics, IT-Software, Administrative/Clerical, and Accounting sectors also choose VietnamWorks in the near future..

90%

85%

84%

84%

82%

81%

80%

80%

79%

78%

77%

76%

76%

75%

28


OVERVIEWS OF THE ONLINE LABOR SUPPLY ON VIETNAMWORKS IN THE FIRST-HALF OF 2019

In general, in the first 6 months of 2019, the labor market has experienced a very plentiful period of applications. Most of the active applicants are experienced candidates and managers.

Administrative/Clerical, Accounting, Production/Process are the 3 categories that attract the highest number of applications, but the category with outstanding growth of applications in the last 5 years is Food & Beverage.

Ho Chi Minh City and Hanoi are two leading cities in terms of labor supply, however, Vinh Phuc is the province with the most outstanding increase in number of application during the past 5 years.

KEY

TAKE

AWAY

S

THE ONLINE RECRUITMENT DEMAND SITUATION IN THE FIRST-HALF OF 2019

Most employers said that their companies are lack of human resource in the first 6 months of 2019. In particular, Accommodation/Restaurant/Hotel/Tourism, Electrical/Electronics, Technology/Engineering are the most labor shortage business fields.

Most employers believe that insufficient application is the biggest reason for this shortage.

FORECAST OF THE ONLINE JOB SEEKING DEMAND IN THE SECOND-HALF OF 2019

The second-half of 2019 is an extremely favorable opportunity for employers whose companies are in the shortage of employees because the majority of jobseekers are looking forward to finding new jobs in this time.

In particular, candidates in the level of Director or above and candidates in Banking, Electrical/Electronics, Accounting are having the highest percentage of people looking for jobs.

Percentage of long-term working candidates and aged 40 and above candidates are reported to be higher than those of younger jobseekers.

The most common reason for leaving is the current salary and benefits does not match the candidates' expectations.

VietnamWorks is the most favored channel of jobseekers for searching new jobs, especially in Civil/Construction, Education/Training, QA/QC, Engineering, Electrical/Electronics, IT-Software,...

Most employers forecast their demand for talents will increase in the second-half of 2019. Particularly, the most anticipated increase is between 6% and 20%.

Technology/Engineering, Accommodation/Restaurant/Hotel/Tourism are the business fields that are expected to increase with highest demand.

Meanwhile, experienced candidates and Sales, IT-Software, Electrical/Electronics candidates are expected to be most searched by employers.

Large online job sites like VietnamWorks are the forecast solutions that will be most trusted by employers in the coming 6 months of 2019.

Salary & bonuses improvement is the first choice in retaining talents in the opinion of both employers and jobseekers.

FORECAST OF THE ONLINE RECRUITMENT DEMAND IN THE SECOND-HALF OF 2019

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With over 6,8 million monthly visits, VietnamWorks is the leading and longest running job website in Vietnam. Every year, 5,5 million job applications are delivered to more than 126 thousand job openings on VietnamWorks.com.

Since it was founded in 2002, VietnamWorks has continuously brought fresh jobs to 3,8 million registered professionals and always pioneered in providing the best recruitment solutions to more than 16.000 companies, most of which are multinational corporations and top companies in Vietnam. VietnamWorks’ large database of experienced jobseekers and reliable employers is an invaluable asset in Vietnam’s competitive recruitment market.

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To stay up on date on the latest research and insights form VietnamWorks, subscribe to our HR Insider page at:

hrinsider.VietnamWorks.com.

To get consulted by our VietnamWorks staff on your recruitment campaigns, please call our hotline at: (028) 3925 8456 (Ho Chi Minh City)(024) 3944 0568 (Hanoi)(023) 6730 8181 (Danang)

or email us via [email protected].

ONLINE RECRUITMENT MARKET IN VIETNAM€¦ · about the current and predicted movement of the online...

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Transcript of ONLINE RECRUITMENT MARKET IN VIETNAM€¦ · about the current and predicted movement of the online...