On the 5th & 6th of October 2017, Talentnet and Mercer – global leading HR consulting firm announced the results of latest Vietnam Total Remuneration Survey Report in Hanoi and Ho Chi Minh City, offering a best-fit platform for C&B solutions.

Talentnet – Mercer Total Remuneration Survey (TRS) 2017 attracts a rich participant list including 592 well-established MNCs and leading local firms from 16 industries such as High Tech, Consumer Goods, Chemicals, Life Sciences, Manufacturing,…With remuneration data of 289,236 employees across Vietnam, TRS 2017 continues to be the largest and the most comprehensive salary report in Vietnam. The survey report covers a wide range of 16 industries.

Vietnam is still expected to grow faster than all major economic regions, hitting top position compared global norm.

From Mercer, Ms. Kulapalee Tobing, Principal – Career Products Leader shared about the overview of global and regional trends in Human Resources, including human capital index, talent shortages, attrition & hiring trends, talent mobility, pay differentials…. Also, ASEAN market has the most rapid acceleration of GDP as compared to other major economic zones and Vietnam salary increase in 2017 is in the top 3, just right after Myanmar and Indonesia.

In 2017, the average salary offered by local companies is 29% lower than MNCs. The pay differences for annual base salary for different positions between MNCs and local enterprises are 15% (Para-professional), 30% (Professional) and 41% (Management). The gap is much wider at management level (41%) as multinational companies have been focusing on offering higher salary to management positions to fairly compensate for their larger contribution and scope of work. On the other hand, local companies are willing to be more flexible in pay to compete with MNCs for key talents. Sales and marketing continue to be in the top list of hot jobs to recruit. Engineering professionals are new positions that have high demand and become challenge for recruiters to find the best match.

Source: Talentnet.vn