Businesses increase salaries to hold on to employees

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VietNam News English - 53 month(s) ago 3 readings 1 duplicate news

Businesses in Ha Noi have launched plans to increase salaries to attract employees in the final months of this year, reported labour management agencies.

HA NOI -

According to statistics, Ha Noi has a high unemployment rate but businesses constantly struggle to maintain a full workforce.

The main reason is due to low salaries.

The average salary for a worker without a degree has risen to between VND2 million and VND2.5 million a month compared to VND1.6 million at the start of the year.

A consultant from Interserco Job Service Company said it had advised a transport company to increase its starting salary for new employees by VND300,000 per month and as a result, recruitment had gone up.

However, employers have only been able to increase salaries by a few hundred thousand dong, which hasn't been enough to hold on to workers.

Nguyen Van Thang, an official from a company called Cavico that had taken similar measures ,said it was only a stop-gap measure that had created a salary race among businesses.

Unfortunately, the race had created an unstable employment market, as workers were constantly searching for positions that offered higher salaries, Thang added. - VNS

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