Tuesday, 24 Oct 2017
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ECONOMY

Big bonuses for employees from leading Vietnamese enterprises

Updated at Monday, 09 Oct 2017, 15:21
The Hanoitimes - In 2017, 3 sectors with the highest bonus for employees are agriculture, banking and finance.
Students of the Military Academy of Logistics are applying for jobs at the Hanoi Center for Employment Service.
Students of the Military Academy of Logistics are applying for jobs at the Hanoi Center for Employment Service.
This is information released in the 2017 salary survey report conducted by the Mercer consulting firm (US) and its Vietnam partner Talentnet, with 592 participants from either local organizations or foreign companies. As such, in 2017, the salary increase trend in relation to inflation and GDP growth of Vietnamese enterprises is lower to foreign enterprises. Specifically, 8.5% for Vietnamese enterprises and 8.9% for foreign enterprises. 

3 sectors with the highest increase, including: technology 10%, pharmarcy 9.4%, chemistry 9%. While 3 other sectors of education, finance and oild & petro has low salary increase with 7%, 5.7% and 4.6% respectively. However, according to the forecast on business development in 2017 – 2018, Vietnamese enterprises have plan for bonuses in relation to basic salary higher than last year. 3 sectors with the highest bonuses of agriculture 22.1%, banking 20.7% and finance 20.7%. 

3 sectors with the lowest bonuses of retailing 14.7%, logistics 12.5%, and education 9.6%. Mercer and Talentnet said, leading Vietnamese enterprises continue to have higher bonuses compared to foreign companies. The report also shows, in 2017, among foreign enterprises, 3 sectors with highest number of employees quitting: retailing 32.2%, real estate 18.8%, goods consumption 17.3%. Commerce, chemistry and oil & petro has the lowest rate of employee quitting with 11.9%, 9.9% and 5.3% respectively. 

Also in this year, the average salary of local enterprises is 29% lower than multi national companies. Moreover, the difference on annual basic salary for different positions between multi national companies and local enterprises is 15% for staffs, 30% for senior staffs and 41% for managers. The reason for multi national companies to pay higher salary for manager position is due to the contribution and work requirements. Moreover, they are also more flexible in giving out bonuses to increase the chance of recruiting talents to the company. 
Ngoc Thuy - Thuy Truc
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