Rate of salary increases falls due to economic crisis
The economic downturn has influenced
Vietnam’s labour market and has led to a decline in the country’s
average pay rise, according to a recent survey.
The economic downturn has influenced
Vietnam’s labour market and has led to a decline in the country’s
average pay rise, according to a recent survey.
The average salary in 2009 has increased by 12.1 percent, 2.2 percent down on last year’s rate, said TalentNet and Mercer in their 2009 Total Remunerations Survey report released on October 1.
The survey involved 209 companies from various industries (primarily consumer goods, financial services, high-tech, chemicals, manufacturing and pharmaceuticals), according to Mercer, a global and leading US company specialising in providing personnel consultancy service and TalentNet- its representative in Vietnam.
The survey shows that the fall is across all levels and lower than last year’s from executive level and professional people to blue collar workers.
Among those, executive and management levels saw the biggest decrease, while blue collar workers saw the least changes compared with other levels.
In particular, the survey indicated that in the pharmaceuticals industry, the pay increase was the highest at 15 percent.
The survey also shows that the top three jobs that are the most difficult to fill are marketing manager, sales manager and financial manager. The three jobs where it is hard to retain people are marketing manager, sales manager and human resources manager.
The survey also says that managers are still the hardest people to recruit and retain by an organisation./.
The average salary in 2009 has increased by 12.1 percent, 2.2 percent down on last year’s rate, said TalentNet and Mercer in their 2009 Total Remunerations Survey report released on October 1.
The survey involved 209 companies from various industries (primarily consumer goods, financial services, high-tech, chemicals, manufacturing and pharmaceuticals), according to Mercer, a global and leading US company specialising in providing personnel consultancy service and TalentNet- its representative in Vietnam.
The survey shows that the fall is across all levels and lower than last year’s from executive level and professional people to blue collar workers.
Among those, executive and management levels saw the biggest decrease, while blue collar workers saw the least changes compared with other levels.
In particular, the survey indicated that in the pharmaceuticals industry, the pay increase was the highest at 15 percent.
The survey also shows that the top three jobs that are the most difficult to fill are marketing manager, sales manager and financial manager. The three jobs where it is hard to retain people are marketing manager, sales manager and human resources manager.
The survey also says that managers are still the hardest people to recruit and retain by an organisation./.
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