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Headhunters warn resource crunch coming
With many new companies entering the country and existing ones expanding operations, there will be a shortage of skilled managers and sales, engineering, and marketing personnel next year, job consultancy companies have warned.
Neo Siew Khim, head of the personnel section at Mercer in Asia-Pacific region, said firms would face difficulty in finding qualified human resources, especially managers.
A shortage of skilled labour has already seen companies battling each other for the best talents.
A Talentnet Corporation report said the average attrition rate has increased by 3.3 percent over last year to 15.6 percent.
Nguyen Hoa, head of the job firm’s salary and social welfare investigation section, said most quit their jobs to move to other places offering them higher salaries and better working environments.
Winne Lam, personnel director of Navigos Group, said employees have the right to ask for higher salaries and social welfare, and when firms can’t meet their requirements, they move elsewhere.
Navigos Group reported that the average salary rose 19.5 percent this year, the biggest increase in the last five years.
The results were based on data from more than 180 companies in 15 major industries such as manufacturing, finance, IT, construction and engineering, hospitality and tourism, and pharmaceuticals.
Several of the companies said they adjusted salaries several times in light of high inflation.
Tieu Yen Trinh, general director of Talentnet Corporation, said investment in several projects in the oil and gas and high technology sectors has led to a human-resource shortage, especially in the tech sector.
So the only way to retain or attract skilled employees is by increasing salaries, she said.
Neo Siew Khim said firms should study the paychecks in each sector to ensure their competitiveness in the labour market.
VNA
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