Post on 17-Jun-2015
description
Adecco Preview of the
2014 Vietnam Labour Market
9 January 2014
By Nicola Connolly General Director
The world leader in staffing and human resource solutions
Topic Cover
An Adecco Preview of the 2014 Thai Job Market
28November 2013
Slide 3
The Asia Labour Market – A Perspective
South East Asia & The Pacific Region
Unemployment 4.4% in 2012
Source: International Labour Organization
CountryUnemployment
Rate (%)Data as of
Philippines 7.30% 2013 (June)
Indonesia 6.25% 2013 (August)
Taiwan 4.18% 2013 (September)
China 4.10% 2013 (September)
Japan 4.10% 2013 (October)
Hong Kong 3.30% 2013 (October)
Malaysia 3.10% 2013 (September)
South Korea 2.80% 2013 (November)
Vietnam 2.22% 2013 (September)
Singapore 1.80% 2013 (September)
Source: Countries' statistics
Labour Shortages
A Global Jobs Gap Of 67 million Since 2007
Source: International Labour Organization
In South-East Asia and the Pacific Region, economic growth is
projected to have accelerated to 5.2% in 2012 (from 4.6% in 2011)
Source: Asian Development Outlook 2012
… But the lack of available candidates is the most
pressing challenge
For 3 out of 10 employers in Asia, the lack of available
talent is what prevents them from hiring people
Source: Deloitte, PWC
85%
62%
59%
57%
50%
46%
46%
35%
0% 20% 40% 60% 80% 100%
Japan
Vietnam
Thailand
Hong Kong
Malaysia
Singapore
Taiwan
China
Companies in Asia Which Stated A Difficulty In Filling Jobs In 2013
Source: The Wall Street Journal, Forbes, PWC, Online Recruitment surveys
Reasons Why Employers Struggled To Fill Jobs In Asia in 2012 & 2013
0%
5%
10%
15%
20%
25%
30%
35%
Lack oftechnical
competencies
Lack ofavailable
applicants
Lack ofexperience Lack of
workplacecompetencies
Looking formore
pay than isoffered
Undesirablegeographicdestination
31% 32%
19%
28%
11%
5%
29% 35%
17%
28%
13%
6%
2013 2012
1 • Sales
2 • Engineers (all sectors)
3 • Accounting & Finance
4 • Researchers (R&D)
5 • Office Support Staff
Top 5 Professions In Demand In Asia In 2013
• Engineering
• IT
3 • Accounting & Finance
4 • Medical/Healthcare
5 • Energy
Top 5 Industries Growing In Asia In 2013
Source: Adecco
40% 40%
25% 24% 23%
18%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
ReducedCompetitiveness/
Productivity
Reduced Ability ToServe Clients
ReducedInnovation and
Creativity
Lower EmployeeEngagement/
Morale
IncreasedEmployeeTurnover
HigherCompensation
Costs
Impact Of Talent Shortages On Organisations in Asia In 2013
Concerns for Taiwan, Japan, South Korea, Hong Kong, China, Thailand Concerns for Singapore, Malaysia
Topic Cover
An Adecco Preview of the 2014 Thai Job Market
28November 2013 Slide 14
Adecco Vietnam Insights Labour Market 2013
Slide 15
Vietnam Economic Overview
Source: World Bank, Tradingeconomics.com
0
0.5
1
1.5
2
2.5
3
3.5
Unemployment Rate (%)
2012
2013
2014
0
1
2
3
4
5
6
7
8
Inflation (%)
2012
2013
2014
2.3 2.37
3.25
6.91 5.61
6.04
0
50
100
150
200
GDP (billion VND)
2012
2013
2014
123.96 158.86
175.43
0
5
10
15
20
25
30
GDP (% growth)
2012
2013
2014
20 28
10
Slide 16
Business Growth areas
Key sectors drivers
Tourism
Healthcare
Power
Retail/ FMCG
Education
Slide 17
2013 Demand VS Supply – By Job Category
0.00
5.00
10.00
15.00
20.00
25.00
30.00
35.00
%
Demand% Supply %
Source: Adecco Vietnam 2013
Slide 18
2013 Demand VS Supply
Source: Adecco Vietnam 2013
28.60
5.65 4.74 4.37
5.28 4.74
12.71
3.62
11.52 10.62 10.27
13.22
0.00
5.00
10.00
15.00
20.00
25.00
30.00
35.00
Sales Admin Engineering Accounting InformationTechnology
Marketing / PR%
% Demand% % Supply
Topic Cover
An Adecco Preview of the 2014 Thai Job Market
28November 2013 Slide 19
Vietnam Business Outlook 2014
Slide 20
Global trends affecting employment status in 2014
High unemployment rate
Production shifts
The increasing skills gap/shortages
Freelancing becomes a normal way of life
Internet creates larger marketplace for jobs
Slide 21
Labour Market 2014
• Reform training and education to better meet demand for skilled labour
Human capital development
• Strengthen the banking system by establishing effective supervision
Development of banking
sector
• Strengthen market-based reforms and monitoring of SOEs
SOEs reform
Summary of medium-term policy challenges and responses in Vietnam • Projected 6% – 8% salary increase
due to sluggish economy
• Harder for new entrants in the workplace to find jobs
• Longer recruitment cycle
• Focus on right hire
• Exiting of non performers
• Metrics on productivity and ROI
• Min wage insurance in Q3 2014 to 3,200,000 VND
Source: OECD Development Centre.
Slide 22
Moving Industry in 2014
1 • Automotive
2 • Health care
3 • FMCG
4 • IT
5 • Insurance
Slide 23
Top 5 - Office Position
1.Sales
2.Accounting & Finance
3.HR & Admin
4.Marketing
5.Customer Service
FMCG
Service
Consumer Products
Source: Adecco Vietnam 2013
Slide 24
Top 5 - IT Position
Source: Adecco Vietnam 2013
1.Programmer/Developer
2.System Analyst/Business Analyst
3.System Engineer
4.IT support
5.ERP Consultant/Project Manager
System Integrated
Software House
Service : Banking & Telecom
Slide 25
Top 5 - Engineering Position
Source: Adecco Vietnam 2013
1.Civil Engineer
2.Maintenance Engineer
3.Safety Officer
4.Electrical Engineer
5.Production Engineer
Power
FMCG
Electronics
Slide 26
Top 5 - Finance Position
Source: Adecco Vietnam 2013
1. Finance Director
2. Risk
3. Compliance
4. Accounting
5. Analyst
Insurance
Banking
Retail
Slide 27
Vietnam Forward Looking Statement
“It‟s a candidate-driven market for those with
specialized skills and who are
viewed as upwardly mobile in
their career.”
Slide 28
Adecco Top Tips
1. Clear headcount planning
2. Hire right
3. Good Benefits program, not just cash
4. Clear vision of company communicated to employees
5. Manage by productivity and KPIs
The Global Talent Competitiveness Index
2013
What is The Global Talent Competitiveness Index ?
• “The GTCI measures a nation‟s competitiveness based on the quality of talent it can produce, attract and retain. It will help countries monitor their progress over time and compare their performance to that of their neighbours and other economies.”
• Launched in Singapore this week on 26th November
• The GTCI introduces the dimension of talent/human capital and its connection to competitiveness.
• 48 variables are grouped into talent enablers, attraction, growth, retention as well as output in terms of labour and vocational (LV) and global knowledge skills (GK).
• The GTCI is the product of the joint effort with sponsors and knowledge partners from government, academia and industry and INSEAD joined forces with the Human Capital Leadership Institute of Singapore (HCLI) and Adecco.
Why The Global Talent Competitiveness Index ?
• To discuss about the challenges and solutions of talent growth, attraction and retention of over 100 economies.
• To help decision-makers, businesses and governments to better match talent with jobs.
• To confirm what we see on the ground: countries apply very different strategies to develop and retain talent.
Global Talent Competitiveness Index 2013 - Main findings
1. The global war for talent is on, and is uneven
2. Fostering talent competitiveness is a complex task, especially in poorer
countries
3. Upcoming „talent champions‟ are emerging
4. Global Knowledge Skills are critical and strategically important
5. Expect more changes in the coming years
Slide 34
An Adecco Preview of the 2014 VN HR Market 9 January 2014
Slide 35
The 2014 Content Strategy
• Women in the workplace
• Labour Code updates
• Talent Management
• Talent Attraction
• What’s HOT and What’s NOT?
• The New generation of workforce survey
• The World Cup – how to manage your employees?