Over 80% of executives in Vietnam’s manufacturing businesses seek new jobs

Experienced candidates, aged 40 and over, are expected to have the highest demand for jobs by the end of 2019.

Over 80% of executives in Vietnam’s manufacturing businesses seek new jobs

Over 80% of the directors or higher level in the manufacturing businesses said they will switch jobs in late 2019, while 76% of the team leader/manager level expressed the same opinion, according to VietnamWorks, Vietnam’s largest online recruitment website.

The statistics, revealed in the report “Online recruitment market report on manufacturing sector in Vietnam in 2019”, are obtained through analysis of applications submitted at VietnamWorks from 2014 to the present and combined with a survey of over 750 job seekers in the manufacturing sector.

According to the report, when asked about the intention to switch jobs in the next six months, up to 75% of respondents said they intend to change jobs by the end of 2019. This number opens up opportunities for manufacturing businesses by the end of 2019 in finding and attracting talent.

Moreover, experienced candidates, aged 40 and over, are expected to have the highest demand for jobs by the end of 2019. Up to 84% of them stated their intention to switch jobs, higher than those of  generation Y (born in 1981 – 1995) who accounted for 74%, and generation Z (born in 1996 and later), 69%. 

​Further analysis of Gen X generation;s intention to switch jobs shows that 57% have worked at one company for five years or more, 76% are holding the managerial rank or higher.

Regarding the number of years working at a company, the higher the seniority, the more the candidates  intend to switch jobs. Accordingly, up to 81% of the candidate group “working at the company for three to five years” and the group “working at the company from five years or more” intend to change jobs.

 

According to statistics, the top three with the most recruiting needs in the first half of 2019 in the manufacturing sector are production/process; mechanical; electric/electronics. This is also the top three in the number of applications for 2019, meaning the highest rate of competition for these jobs.

By location, the top five provinces and cities with the highest recruitment demand are Ho Chi Minh; Hanoi; Binh Duong; Dong Nai; Hai Duong. This is also the top five places with high job competitiveness due to the highest number of applications.

In terms of the growth rate of both recruitment demand and labor supply in the last five years, Ha Nam has reached the highest growth rate among others, with recruitment demand increasing by 421%, and labor supply  by 615%, comparing the first half of 2014 and the first half of 2019.

Textile/footwear shows signs of cooling off in recruitment demand when it is at the last top 10 growth rate list in the past five years with 63%. However, the growth rate of the labor supply of this industry ranked 3rd with 209% over the past five years, comparing between the first half of 2014 with the similar period in 2019.

In addition, the group of candidates in textile/footwear is also the group that is intending to change jobs in the coming time, accounting for 81% of the respondents. With the growth rate in recruitment demand is not as sudden as in other industries, the possibility  to find the right job will be reduced for this candidate group. Hanoitimes

Ngoc Thuy

 
 
 
 
 
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