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Unsatisfactory pay, career path make Vietnamese quit jobs: survey

Mon, 15 Apr 2019 16:41:20 PM GMT + 7    Print   Email   Share:

 
Unsatisfactory pay and lack opportunity to grow are the top reasons why Vietnamese employees quit.
Photo by Shutterstock/Pattarawat

According to 47 percent of Vietnamese companies, their employees quit because of unsatisfactory salaries, a survey has found.

Other top reasons are lack of clear career path and opportunity to grow, also 47 percent, and unpleasant relationships with peers (29 percent), according to a survey released by jobs company Talentnet and its global counterpart Mercer.

Created with Highstock 5.0.9percentage of companies Top 3 reasons employees leave474747472929Lack of clear career path and opportunity togrow Low pay competitivenessUnpleasant relationship with peers orsupervisor 01020304050Talentnet, MercerLow pay competitiveness Percentage: 47

The survey, which polled 118 companies in Vietnam, forecast an average base salary increase of 8.8 percent across the board this year, the highest rate in the last three years.

Life sciences and technology will see the highest salary growth at 9.1 percent, followed by chemicals (9 percent), and banking/financial services (8.6 percent).

Created with Highstock 5.0.9percentage Average base salary increase by sector8.78.79.29.29.39.38.98.9888.58.58.68.6999.19.18.88.87.87.88.58.58.88.89.19.19.19.1998.68.68.48.4201720182019 (forecast)OverallLife sciencesHigh techChemicalsBanking/financialservices Consumer goods02.557.510Talentnet, Mercer

In terms of bonuses, the banking/financial services sector rewarded its employees highest last year with an average of 25.4 percent of base salary, up 5 percentage points from 2017.

It was followed by life sciences (18.5 percent), technology (16.6 percent) and chemicals (16.3 percent). Overall, the average bonus stayed the same at 16.2 percent of base salary.

Created with Highstock 5.0.9percentage Average bonus increase by sector16.216.220.420.419.919.916.116.117.217.215.415.416.216.225.425.418.518.516.616.616.316.315.115.120172018OverallBanking/financialservices Life sciencesHigh techChemicalsConsumer goods051015202530Talentnet, Mercer

The survey dovetails perfectly with another survey by recruitment firm VietnamWorks last November, which found that 78 percent of Vietnamese workers looked forward to new jobs in 2019 with better chances for career advancement and better salaries.

 

  • By : Dat Nguyen/VnExpress 

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