High-tech manufacturing sector tops recruitment in 3rd quarter

High-tech manufacturing was the top sector in terms of demand for senior managers in the third quarter, according to executive search firm Navigos Search.

High-tech manufacturing sector tops recruitment in 3rd quarter
A job fair to help student find jobs being held at Hong Bang International University in HCM City in June. — VNS Photo Gia Loc

It was followed by fast-moving consumer goods, information technology, banking and finance, and professional services.

At the same job level and position, high-tech manufacturing companies paid 2.5 times the salary that retail companies did and almost four times higher than the hospitality industry did.

Investment from Hong Kong, Taiwan and China continues to increase sharply, resulting in a significant increase in demand for Chinese-speaking candidates.

Most of these companies have factories in China and plan to expand or move a part or all of their production to Vietnam, and so need personnel who can speak Chinese and work directly with the management team brought from China.

But since candidates who have knowledge of and experience in technical fields and can speak Chinese are relatively scarce, many businesses have temporarily opted for recruiting interpreters.
Navigos Search said many businesses from Europe in the textile and footwear segments tend to search for home-based candidates through HR agencies in Vietnam, and they would report to headquarters in European countries like Italy, Germany and France.

In the commercial/industrial business industry, investment enterprises from North America tend to set up representative offices in India and also look for candidates to work independently in Vietnam but report directly to the Indian office.

They get paid salaries of US$2,000-4,000 plus travel, communication and other allowances.

A report by online recruitment website VietnamWorks said the three sectors with the highest recruitment demand in the year’s first half in manufacturing were production/processing; mechanical engineering and electrical/electronics.

Enterprises in HCM City, Hanoi, Binh Duong, Dong Nai and Hai Duong had the highest demand and offered highly competitive salaries.

 

In terms of growth in labour demand and supply in the last five years, Ha Nam topped with demand increasing by 421 per cent and supply by 615 per cent in this year’s first half since the same period in 2014.

Statistics from the HCM City Centre for Forecasting Manpower Needs and Labour Market Information also showed that production/processing, mechanical engineering and electrical/electronics had high demand in the third quarter.

This month, companies are expected to need 26,000 workers, a lot of them in the manufacturing sector.

According to the centre, out of 6,008 workers it surveyed in the third quarter, 11.27 per cent wanted to change jobs. But it did not expect many workers to change jobs now since it is bonus time.

But VietnamWorks’ report showed that 75 per cent of surveyed candidates in the manufacturing industry intend to change jobs by the end of this year.

The survey found that 83 per cent of people at the director and higher levels also want to switch jobs, while the number was 76 per cent at the team leader/manager level.

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

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.

Russian enterprises set sights on healthcare and high tech in Vietnam

Russian enterprises set sights on healthcare and high tech in Vietnam

Vietnam and Russia are expanding bilateral co-operation to new sectors with an emphasis on healthcare and high tech, in addition to energy.

Adopting smart manufacturing lines

Adopting smart manufacturing lines

Domestic enterprises are embracing robotics and advanced technologies in their production lines to boost smart manufacturing activities, but there is a long road ahead for those wishing to keep up with the Fourth Industrial Revolution. 

VNS

 
 
 
 
 
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