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Year-end shock of Vietnam’s labor market

Year-end shock of Vietnam’s labor market. At the beginning of the year, after calls to encourage workers to return to the factory because of “many orders and no one to do”, Trinh wrapped a towel in the South. Now that Tet is coming, she and hundreds of workers in the garment factory fall into the “knees” situation because of little work. ‘The strangest market ever seen’ Nearly a year ago, Covid-19 caused Trinh and many other workers to drive nearly 2,000 km from Binh Duong to Thanh Hoa. After Tet, she plans to find a job near her home to

Salary 2023 Surgical Increase In 15 Years

Salary 2023 Surgical Increase According to recent studies, workers in Asia are expected to see strong wage increases in 2023 as continued high inflation and labor shortages put pressure on corporate payrolls. According to Nikei Asia, from India to Vietnam, employers have been forced to increase wages and bonuses to avoid the risk of losing talent to competitors. Wage growth is expected to beat inflation projections in 2023. This offers hope of increased real incomes for workers in Asia after the cost of living surged this year due to inflation. According to British insurance company Aon, the average salary increase

2022: The Year of The Career

We just had a career year. Countless Americans spent the past 12 months reassessing and redefining what they want from work. In the “Year of Career” three things stood out: The No. 1 thing workers want now, outside of pay, is career mobility The Great Reassessment of work led more than 4 million Americans each month to quit their jobs – well above pre-pandemic highs. Businesses have a greater societal imperative than ever to create economic opportunity through career opportunity. As we head into the new year, the market is beginning to shift again, with layoffs in tech making headlines and overall

04 Labor Market Trends In The End of 2022

A survey of businesses in the Top 500 Vietnam Top Employers in 2022 shows that most businesses think that the market is showing signs of recovery more clearly than ever. Accordingly, the recovery is thanks to the policies of the Government and ministries, sectors and localities in economic recovery, creating favorable conditions for businesses to operate after 2 years of being affected by the Covid-19 epidemic. The Labor Market is vibrant at the end of year. According to the Ministry of Labor, War Invalids and Social Affairs, the labor market by the end of 2022 is recovering very quickly. Labor

Future Of Work: The 4 Biggest Workplace Trends In 2023

Workplace in 2023 will be more diverse, distributed and virtual than ever before. Corporations and even smaller organizations will learn to adapt in order to cater for shifting employee expectations in the wake of the post-pandemic “new normal”, and behavioral trends such as the great resignation or the even-more-recent quiet quitting movement. As younger generations join the workforce and the middle generations begin to move up into senior positions, they will bring new values with them. Observational experience seems to suggest that this will result in workplace cultures that are more accepting of diversity and tolerant of individuals’ expectations of flexibility in their

Recruitment Trend Of Banking Industry In The Last Months Of 2022

Contrary to the decrease or no recruitment demand in some industries, human resources in the field of information technology and banking have never cooled down, even tended to increase slightly. This has a lot of job opportunities. The general picture of the banking system is that the recruitment trend has been taking place strongly. Let find out the recruitment trends of Banking industry in 4th quarter of 2022 now! Thousands of personnel have been recruited Many large and small banks began to enter the battle to find suitable talent. On average, recruitment banks increased by 1195 new employees compared to

Market Report: Opportunities & Challenges of Digital Transformation in Financial Industries

Ho Chi Minh City, August 3th, 2022 – Navigos Group, Vietnam’s leading recruitment service provider, which has owned the online job-searching website VietnamWorks, the middle and senior personnel recruitment company Navigos Search, published the report “Opportunities and Challenges of employers and candidates in Banking in Digital Transformation”. 1. The context of the Banking industry by digital transformation requirement The COVID-19 pandemic’s effect on Banking is not significant The pandemic also forces banks to increase provisioning and burden decreasing interest rates from the State Bank. As a result, some banks also offer reductions in salaries and bonuses to staff at the