Businesses increase salaries to hold on to employees

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VietNam News English - 65 month(s) ago 4 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.


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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