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TRG Talk: Talent Management – Recruitment & Salary Trends in 2021

Posted by Quynh Nguyen Nhu on

April 28, 2021– In 2020, TRG International had the pleasure of collaborating with Andree from Adecco Vietnam to discuss recruitment and salary updates during the most challenging time and amidst COVID-19. Today, exactly one year later, we revisited the same topic to reflect on how the hiring landscape has changed and how we, business leaders and HR professionals, can effectively navigate the turbulent times ahead.

This April, TRG International is beyond excited to finally be able to organise an in-office TRG Talk. If you are an HR professional, the second quarter probably would be your busiest time of the year due to “ship jumping” – the time when employees start searching for new opportunities. Particularly now, the job market is gradually opening up and looking promising.

Read more: Why employees are leaving you (besides salary)

Thus, it is the perfect time for Andree and his teams at Adecco to present findings from their research about recruitment and salary in the “new normal.” Through today’s TRG Talk, Andree hopes to provide participants with an overview of the current labour market in two major cities, Hanoi and Ho Chi Minh.

Some key takeaways from Andree’s Talk this morning are:

  • Industries with the highest annual salary review budget in 2021:
    • Financial services insurance 9%
    • Technology 8.5%
    • Life sciences 8.3%
  • Top in-demand skills: tech-savvy skills, adaptability & resilience, continuous learning

While a good salary is essential for attracting and retaining talents, it is worth mentioning that other elements, such as employee experience and engagement, technology investments, learning and development opportunities, are equally important and need to be carefully evaluated and reimagined to accommodate the changing employees' expectations.

Adecco's report reveals that 82% of employees appreciated the strict cleaning and hygiene regulations at work. This could mean hand sanitiser and temperature checks would become the norm to ensure business continuity and employee wellbeing post-COVID.

The pandemic has pushed the "work from home" dream to become a reality. Despite struggles during the early stage of adoption, businesses were adopting rather quickly and smoothly.

Nevertheless, the flexibility in terms of the workplace gives rise to other concerns and challenges, especially in equipping employees with adequate training and technology so they can perform their job better.

Read more: Everything you need to know about the Candidate Experience

On that note, as staff were performing well remotely throughout the pandemic, many expect the virtual working model to remain long-term. Nevertheless, working completely virtual can cause loads of negative effects on employees' health in the long run. The extended period of working remotely and in isolation making employees feel the line between work and life is now blurring. Alarmingly, remote employees today are showing signs of fatigue, exhaustion, and disengagement despite the increase in productivity.

Employees want the freedom to work anywhere they feel most productive, but they also need social interactions to remain sane. As business leaders, we need to find the balance between order and flexibility. Thus, business leaders and HR professionals need to be ready for yet another workplace disruption – the hybrid working model.

The shift in the labour market and the hiring landscape calls for specific behaviours from the leaders in the new normal. Modern leaders need to take a more active role in keeping staff engaged with the company’s new values and culture (in a hybrid working environment), ensure smooth collaboration between in-office and virtual teams as well as being more supportive.

The “Adecco Vietnam Salary Guide 2021” is available to download today. Check it out via this link!

About TRG Talk

TRG Talk is a series of events co-organised by TRG International and PJ’s Coffee Vietnam to promote the latest trends in the IT industry and the HR world, as well as tips and tricks in improving your project management skills.

About TRG Talk: Talent Management

Is your organisation caught in various problems revolving around talent management? Are you actively looking for ways to efficiently as well as effectively recruit and retain talented staff? TRG Talk: Talent Management series is a platform where all leaders can openly share their experience in managing talents, how to create and maintain a healthy working environment where everyone of any background, belief, and identity can work harmoniously.

TRG Talk: Talent Management is held every fourth Wednesday of the month.

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Topics: Talent Management, TRG, TRG Talk

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