Featured Blogs & Columns
We all spend on average 12 years of our lives in formal schooling, educating ourselves about mathematical concepts, from algebraic equations to measuring the angles of a triangle. We learn about the history of our country and the difference between a verb and a noun; we are taught what happens when oxygen collides with hydrogen, and we are told what people in different parts of the world eat and wear.
My first job was on a farm picking fruit in South East Queensland and my first job with a major company was at McDonald’s as they opened their flagship store in the medium size town I went to high school in. And while I never aspired to the McManagement position they always pushed, it certainly did teach me a few things about work ethics and the fact that I didn’t want either of those jobs as an adult.
In my 10 years living in Vietnam, I’ve been involved in numerous discussions on the workforce, how it has evolved and transformed to accommodate the country’s industrialisation. Occasionally the issues of gender equality arise. From the corner pho seller to the construction worker and powerful business leaders, women make up slightly more than half of the Vietnamese workforce. It is also interesting to note how they have tackled their career barriers over the years.
Although having a relatively low unemployment rate compared to other countries in Asia, Vietnam is facing a tough challenge with its younger workforce. By the end of 2014, 6.3 percent of youths between the ages of 15 to 24 were out of a job; which is even more alarming when 20.75 percent of fresh graduates (aged 20 to 24) are unable to find work.
In 2014, global unemployment broke the all-time record, with 201.8 million people without a job, and an unemployment rate of 6 percent, unchanged from 2012. It is estimated that there will be more than 215 million jobseekers by 2018. In the Asian region, the unemployment rate stood at 4.3 percent in 2014. Compared to others, Vietnam has the third lowest rate (2.08 percent), after Thailand (0.8 percent) and Singapore (1.90 percent), and followed by Malaysia (2.70 percent).
A relatively new sector in Vietnam introduced in the revised Labour Code in 2013, subleasing facilitates the assignment of an employee to a company in need of short-term help. Although this form of work is welcomed, there remain a number of shortcomings to be addressed, most notably in limiting private employment agencies from offering the full range of workforce solutions.
Set to begin in 2015, the ASEAN Economic Community (AEC) is expected to promote the development of Vietnam GDP growth to 14.7 percent by 2025 — creating millions of new jobs.
Talent is the most important, tricky, valuable and invigorating part of every company’s makeup. Without the right people, a company cannot perform, grow or succeed.
Profitability, business strategy and the all-important bottom line are critical to making an organisation successful, but a large proportion of these factors rely on the same thing: people. Keeping employees engaged and aligned with business goals through regular communication is key.
Your phone rings and the person calling says they’re a headhunter. Or a recruiter. That’s great, because recruiters (aka headhunters) are people who help source candidates for employment in companies and, if you’re looking for a new job or would consider leaving where you are for a better opportunity, then this is the call you want to get. But, it’s important to know what kind of recruiter they are. There is a difference.
Here’s a quick overview of the different types of recruiters you may encounter in your career.