Vietnam attracting many new companies to its shores results in competition for candidates from a limited talent pool, according to Robert Walters Vietnam.
Companies in Vietnam will face keen competition for the country’s top talent in 2015, according to the latest annual Global Salary Survey from recruitment firm Robert Walters, released on February 4. While the country continued to attract new companies, particularly in manufacturing, this resulted in greater competition for candidates in an already limited talent pool.
Although a number of job opportunities were available across different sectors, the scarcity of specialist skills in the market continued to pose recruitment challenges for employers. To address the acute shortage of technical capacities, companies have started to focus on attracting Vietnamese professionals working overseas. Vietnam job seekers with experience in established overseas markets have an added advantage over local candidates.
Figures from the survey suggested candidates who switched jobs in 2014 could command a salary increment of 10-25 per cent. This trend is likely to continue in 2015.
Mr. Jon Whitehead, Country Manager of Robert Walters Vietnam, said that the largest challenges faced by companies as they compete for top Vietnamese talent is the shortage of candidates and the lack of niche skill sets.
In order to attract top-tier professionals, hiring managers have to consider holistic employment packages that include clear internal career development plans and attractive benefits. “Another viable option to widening the candidate pool is to attract overseas Vietnamese back home,” said Mr. Whitehead. “Their international exposure, diverse skills sets, and bilingual abilities can create a dynamic workforce for Vietnam.”
Other key highlights for 2015 include:
- Apart from technical abilities, finance professionals who understand the business-partnering potential of their role will be highly sought after;
- Rising demand for cloud computing, mobility engineering, big data, business intelligence and information security IT specialists;
- Hiring for sales and marketing professionals within the industrial and pharmaceutical sectors will see an upturn in demand due to continuous growth and new players entering the market;
- HR candidates with regional experience who could add value through business partnering as well as compensation and benefits experts are key hiring priorities;
- Due to expanding factory operations, demand for procurement, supply chain and engineering professionals is likely to increase. Those experienced in sourcing, quality assurance and SCM (supply chain management) will be particularly sought after.
Robert Walters is one of the world’s leading specialist professional recruitment consultancies and focuses on placing high caliber professionals into permanent, contract and temporary positions at all levels of seniority.